05:08 PM EDT, 05/23/2025 (MT Newswires) -- (Updates to show Trump posted on Truth Social about `planned partnership' between US Steel, Nippon Steel.)

President Donald Trump said in a post on Truth Social Friday that US Steel will remain based in Pittsburgh as part of a "planned partnership" with Nippon Steel.

Trump said the partnership will "create at least 70,000 jobs" and will add $14 billion to the US economy, he said. The president said he'll be at US Steel headquarters in Pittsburgh on May 30 for a rally.

US Steel didn't immediately respond to a request for comment by MT Newswires.

Shares of the company jumped past 3% in after-hours activity.