Who Owns United States Steel Corporation?
Updated onExplore the ownership hierarchy of United States Steel Corporation. See parent companies, holding structures, and ultimate controllers.
Ownership Chain
United States Steel Corporation
United States Steel Corporation is a Pittsburgh-based integrated and mini-mill steel producer, now a subsidiary of Nippon Steel, that manufactures flat-rolled, tubular and other steel products for automotive, construction, energy and industrial customers.
Nippon Steel Corporation
Nippon Steel Corporation is a publicly traded Japanese steel manufacturing company and one of the world's largest producers of crude steel, operating global businesses in steelmaking, engineering, chemicals, and system solutions.
United States Steel Corporation
United States Steel Corporation is a Pittsburgh-based integrated and mini-mill steel producer, now a subsidiary of Nippon Steel, that manufactures flat-rolled, tubular and other steel products for automotive, construction, energy and industrial customers.
Nippon Steel Corporation
Nippon Steel Corporation is a publicly traded Japanese steel manufacturing company and one of the world's largest producers of crude steel, operating global businesses in steelmaking, engineering, chemicals, and system solutions.
Major Shareholders
United States Steel Corporation
Major Shareholders
| Name | Type | Ownership | As of |
|---|---|---|---|
Nippon Steel North America, Inc. Immediate corporate parent of United States Steel Corporation and a wholly owned subsidiary of Nippon Steel Corporation (TSE: 5401). Completed an all‑cash merger on June 18, 2025, acquiring 100% of U.S. Steel’s common stock and taking the company private as a Nippon Steel subsidiary. | Corporate | 100.0% | Jun 2025 |
United States federal government (non‑economic "golden share") Holds a special, non‑economic 'golden share' in United States Steel Corporation that grants veto rights over certain strategic decisions (such as plant closures, relocation of headquarters or production, changes to the company’s name, and reductions in committed U.S. investments). This instrument provides governance and national‑security oversight but does not constitute a conventional equity ownership stake. | Government | — | Jun 2025 |
Nippon Steel Corporation
Major Shareholders
| Name | Type | Ownership | Voting | As of |
|---|---|---|---|---|
The Master Trust Bank of Japan, Ltd. (Trust Account) Largest registered shareholder of Nippon Steel Corporation based on the company’s FY2024 (100th term) Annual Securities Report; nominee trust account aggregating holdings for multiple institutional investors. | Institutional | 14.8% | 14.8% | Mar 2025 |
Custody Bank of Japan, Ltd. (Trust Account) Second‑largest registered shareholder holding shares in trust on behalf of various beneficial owners, per FY2024 Annual Securities Report data. | Institutional | 5.3% | 5.3% | Mar 2025 |
State Street Bank West Client – Treaty 505234 Nominee account of State Street Bank & Trust for foreign institutional clients; listed among Nippon Steel’s top shareholders in the FY2024 securities report. | Institutional | 1.9% | 1.9% | Mar 2025 |
Nippon Life Insurance Company Japanese life insurer (mutual company) holding ~1.8% of Nippon Steel’s shares via trust arrangements, per FY2024 major shareholder table. | Institutional | 1.8% | 1.8% | Mar 2025 |
Korea Securities Depository – SAMSUNG Korea Securities Depository nominee account for Samsung‑related investors; recorded as a major shareholder in Nippon Steel’s FY2024 securities filing. | Institutional | 1.5% | 1.5% | Mar 2025 |
Meiji Yasuda Life Insurance Company Japanese life insurer holding approximately 1.3% of Nippon Steel’s shares according to the FY2024 (100th term) major shareholders list. | Institutional | 1.3% | 1.3% | Mar 2025 |
State Street Bank and Trust Company 505001 State Street Bank & Trust nominee account (code 505001) for foreign institutional investors; disclosed as a top shareholder in FY2024 filings. | Institutional | 1.3% | 1.3% | Mar 2025 |
Nippon Steel Group Employee Shareholding Association Employee stock ownership plan for the Nippon Steel Group; holds about 1.2% of outstanding shares per FY2024 major shareholder disclosure. | Other | 1.2% | 1.2% | Mar 2025 |
J.P. Morgan Chase Bank 385781 Custody/nominee account of J.P. Morgan Chase Bank (code 385781) for international investors; listed among the top 10 shareholders in the FY2024 securities report. | Institutional | 1.2% | 1.2% | Mar 2025 |
Mizuho Bank, Ltd. Major Japanese commercial bank holding roughly 1.1% of Nippon Steel’s shares, rounding out the top 10 shareholders as of March 31, 2025. | Institutional | 1.1% | 1.1% | Mar 2025 |
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