Japan-based Nippon Steel on Wednesday completed its buyout of U.S. Steel, changing its name to Nippon Steel North America, as the former U.S. industrial giant ended trading on Wall Street under its former brand name.

Japanese firm Nippon Steel has completed its long-sought takeover of US Steel, after agreeing to yield unusual control to the US government. Nippon's $14.9bn (£11bn) purchase of the smaller American company, will create one of the world's biggest steelmakers and turns Nippon into a major player in the US.

U.S. Steel said Wednesday it finalized its merger with Japan’s largest steelmaker, Nippon.  President Trump lauded the acquisition as a partnership in which the U.S. would maintain a “golden