Japan’s Nippon Steel plans to invest $1.3 billion more in U.S. Steel’s mills

The spending is on top of the $1.4 billion investment plan through 2026 already pledged as part of the takeover proposal.

Japan’s biggest steelmaker Nippon Steel said on Thursday it plans to make an additional investment of about $1.3 billion in U.S. Steel’s two mills as part of its pending acquisition of the U.S. company.