Shares in US Steel soar as Donald Trump orders security review of sale

A Wall Street sign is displayed near the New York Stock Exchange in New York (Seth Wenig/AP)

Shares of US Steel are hitting a 52-week high after President Donald Trump ordered a new national security review of Nippon Steel’s proposed bid to buy US Steel for nearly 15 billion dollars (£11.73 billion).

President Joe Biden blocked the deal just before leaving office and Mr Trump had vowed to do the same in previous months.