The deal also allows US President Donald Trump to appoint a board member.

But union says it’s ‘disappointed’

Nippon Steel erwirbt US Steel für 14,9 Milliarden Dollar. Das könnte die US-Stahlproduktion und Jobs sichern. Doch es gibt Bedenken.

Donald Trump approved the deal last week after White House was offered a golden share

Nippon agreed to give a "golden share" to the US government to win approval of the takeover.

The deal gives the White House extraordinary control over U.S. Steel as part of a pact to alleviate national security concerns.

The deal also allows US President Donald Trump to appoint a board member.

Japan-based Nippon Steel on Wednesday completed its buyout of U.S. Steel, changing its name to Nippon Steel North America, as the former U.S. industrial giant ended trading on…