President Trump supports the Japanese company’s taking a stake in the American steel maker after the U.S. blocked a $14 billion takeover bid.

U.S. President Donald Trump said Nippon Steel's $14.9 billion bid for U.S. Steel would take the form of an investment instead of a purchase on Friday, even as two sources familiar with the matter said the Japanese steel company had not withdrawn its bid.

President Donald Trump is altering a deal between United States Steel and Japan’s Nippon Steel. He said Japan’s steel producer would invest in U.S. Steel instead of owning it outright. U.S. Steel stock fell after his comments.