U.S. Steel Finalizes Partnership With Nippon Steel, Retains Name And Pittsburgh HQ, Commits To 'Mined, Melted, And Made In America' Mission While Protecting And Creating Over 100,000 U.S. Jobs

U. S. Steel to Retain Its Iconic Name and Headquarters in Pittsburgh, Pennsylvania and Continue to Be Mined, Melted, and Made in America

Partnership Expected to Protect and Create More Than 100,000 Jobs

Moving Forward Together as the ‘Best Steelmaker with World-Leading Capabilities'

Nippon Steel Corporation (TSE: 5401) ("Nippon Steel"), together with its wholly owned subsidiary Nippon Steel North America, Inc. and United States Steel Corporation ("U. S. Steel") (collectively, the "Companies"), today announced they have finalized their historic partnership.

Together, Nippon Steel and U. S. Steel will be a world-leading steelmaker, with best-in-class technologies and manufacturing capabilities. The partnership will protect and create more than 100,000 jobs through unprecedented massive investments in steelmaking in the United States that will be unleashed across U. S. Steel's footprints, including in Pennsylvania, Indiana, Arkansas, Minnesota and Alabama. This partnership ensures that U. S. Steel will retain its iconic name and headquarters in Pittsburgh, Pennsylvania, and that it will continue to be Mined, Melted, and Made in America for generations to come.