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US Steel warns jobs could be lost if sale falls through

U.S. Steel warned Wednesday that it may cut jobs and move its headquarters out of Pittsburgh if a planned sale to Japanese steelmaker Nippon Steel Corp. falls through. Nippon Steel announced in December that it would buy U.S. Steel, sparking outrage from lawmakers of all political parties who said the deal could undermine national security […]

Biden to block sale of US Steel to Japanese company Nippon: report

The Biden-Harris administration reportedly plans to block the planned sale of U.S. Steel to Japanese conglomerate Nippon Steel for $14.9 billion. The reported move came despite U.S. Steel CEO David Barritt warning that the company would likely close steel mills and move its headquarters out of Pittsburgh if the federal government intervened to block the […]

US Steel CEO warns failed sale to Nippon Steel would lead to steel mill closures

FOX Business' Jeff Flock reports from Doylestown, Pennsylvania with more from Cavuto: Coast to Coast. The CEO of U.S. Steel has warned that the company would be forced to close steel mills if a pending $14 billion investment goes ahead. Acquisition by Nippon Steel It falls. U.S. Steel CEO David Barritt said: of The Wall […]

Kamala Against Nippon’s Acquisition Of U.S. Steel

Democratic presidential candidate and U.S. Vice President Kamala Harris speaks during a campaign event at IBEW Local 5 in Pittsburgh, Pennsylvania, September 2, 2024. (Photo by Michael M. Santiago/Getty Images) By Chloe Hawkswell, OAN StaffTuesday, September 3, 2024 11:05 AM Democratic presidential candidate Kamala Harris has 45Number President Donald Trump has argued that U.S. Steel […]

Harris expected to voice opposition to US Steel sale at Pennsylvania rally

Vice President Harris is expected to voice her opposition to the U.S. Steel divestment at a joint rally with President Biden in Pennsylvania on Monday. According to her campaignHarris is expected to say U.S. Steel should remain domestically owned and operated and to emphasize her commitment to always support American steelworkers. The comments are in […]

Biden Administration Imposes Tariffs On Steel And Aluminum Shipped From Mexico

The White House announced in a press release Wednesday they would be imposing tariffs on steel and aluminum imports shipped to the U.S. through Mexico. President Joe Biden accused “foreign producers” of increasing their steel products shipped through Mexico in order  “to circumvent the duties on steel articles” imported into the U.S. in the statement. Biden […]