Biden: ‘Vital’ for US Steel to remain domestically owned and operated
President Biden on Thursday pushed back against the potential sale of U.S. Steel to Nippon Steel, insisting it was “critically important” that the company remain domestically owned. “It’s important to keep American steel companies strong, supported by American steelworkers,” Biden said in a statement obtained by The Hill. “I told steelworkers I stood by them, […]
Biden To Oppose Foreign Acquisition Of US Steel In Bid To Sway Blue-Collar Voters
President Joe Biden plans to voice his opposition to a foreign takeover of iconic American company U.S. Steel on Thursday in an effort to win over blue-collar voters, according to the Associated Press. Japan’s Nippon Steel first announced in December that it would buy US Steel, the world’s fourth-largest steel producer, for about $14.9 billion, […]
Oscars Erect Wall of Steel Fencing to Avoid Humiliation by Pro-Palestinian Protesters
This year’s Oscars ceremony will be held behind a giant screen behind a chain-link fence as organizers face threats of disruption from pro-Palestinian supporters. The block surrounding the Dolby Theater on Hollywood Boulevard in Los Angeles is cut off On the fence, and according to new york postthousands of police and security personnel will be […]
US Steel xenophobia is precisely how not to compete with China
I was puzzled last month when President Donald Trump’s former Secretary of Commerce Wilbur Ross felt compelled to strongly support Nippon Steel’s proposed acquisition of U.S. Steel. Wall Street Journal feature article.At the same time, a bipartisan group of outraged U.S. senators condemned the transaction. Ross, a former CEO of a major steel company, presented […]
Trump says he would block US Steel sale
Former President Trump has vowed to block the sale of US Steel to Nippon Steel Corporation (NSC) if he secures a second term in the White House. “I would block it, I think it would be horrible. If Japan bought U.S. Steel, I would block it immediately. Absolutely,” he said Wednesday at a meeting with […]
UK to Become Only G20 Country Incapable of Raw Steel Production
Britain is set to become the only G20 country without the capacity to make steel from raw materials, with its largest factory expected to be 'greened', cutting around 3,000 jobs in the process. is. Indian-owned Tata Steel said on Friday it would scrap the blast furnace at its Port Talbot steelworks in Wales and replace […]