In recent days, the spotlight of financial analysts and investors has been directed towards the situation surrounding one of the largest steel producers in the U.S., U.S. Steel. The heightened competition in the market prompted the Japanese company Nippon Steel to attempt to acquire U.S. Steel for an impressive sum of $14 billion. However, recent statements from U.S. President Donald Trump cast doubt on the success of this deal and could significantly impact the stock values of both companies.

On Friday, shares of Japanese steel company Nippon Steel Corp. experienced a sharp decline following news that the company is considering investing up to $7 billion in modernizing production facilities of United States Steel Corp. This potential investment would be contingent upon receiving approval for a proposed $14.1 billion acquisition.