03:33 PM EDT, 04/07/2025 (MT Newswires) -- (Updates share price move, adds US Steel's response.)

United States Steel ( X ) shares jumped 15% on Monday after President Donald Trump said he wants a new review of Nippon Steel's buyout offer by the Committee on Foreign Investment in the US to determine "whether any measures proposed by the parties are sufficient to mitigate any national security risks [it previously] identified."

Trump said he wanted the panel to make its recommendation within 45 days. Former President Joe Biden effectively blocked the deal on Jan. 3, but left the door open for Trump to reconsider the deal.

In a statement, a US Steel spokesperson said the company appreciates Trump's decision to re-examine the Nippon acquisition proposal, saying it is "pivotal as we work to deliver on new and historic levels of investment in American steelmaking."

Price: 44.02, Change: +5.73, Percent Change: +14.95