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Fetterman says he’ll work to block ‘absolutely outrageous’ US Steel sale
The Hill ^ | 12/18/2023 | LAUREN SFORZA

Posted on 12/18/2023 1:00:33 PM PST by ChicagoConservative27

Sen. John Fetterman (D-Pa.) vowed Monday to work to block the $14.9 billion sale of U.S. Steel Corp. to Japanese steelmaker Nippon Steel, which he described as an “outrageous” move.

The deal was announced Monday, prompting the stock prices of U.S. Steel to jump up 25 percent. Fetterman criticized the sale, saying in a post on X, the platform formerly known as Twitter, that the move was “wrong for workers and wrong for Pennsylvania.”

(Excerpt) Read more at thehill.com ...


TOPICS: Business/Economy; Culture/Society; Foreign Affairs; Government; Japan; US: Pennsylvania
KEYWORDS: bidenomics; block; clevelandcliffs; coke; fetterman; fetterstein; iron; japan; johnfetterman; nipponsteel; openborders; pennsylvania; pittsburgh; sale; steel; steelmills; stillademocrat; ussteel; ussteelcorp
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To: Antoninus

Since his stroke, Fetterman Massacre has called for the expulsion of the evil Bob Menendez, sealing the border, and stopping the ChiComs from buying an American steel company.

He’s 3/3 over 90% of the GOP at this point.


61 posted on 12/18/2023 5:24:37 PM PST by LS
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To: Grampa Dave

Right... and if I recall correctly he used national security as an excuse for all that.


62 posted on 12/18/2023 5:25:14 PM PST by shadowlands1960 (We live in a world of intolerance masked as tolerance. RUSH LIMBAUGH)
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To: Leaning Right

“Electric Boat should not be owned by any foreign company.

Is US Steel in that same category? “


A bit late to start blocking this stuff.

Bush allowed EVRAZ to buy Oregon Steel in 2007. So while the US was supposedly against Putin in Georgia, they were allowing a Russian oligarch to buy the USA sole source of ballistic plate.

They finally forced a divestiture in 2022 after the Ukraine invasion.


63 posted on 12/18/2023 8:09:39 PM PST by Reverend Wright ( Everything touched by progressives, dies !)
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To: The Louiswu

LOL !


64 posted on 12/18/2023 8:12:08 PM PST by Reverend Wright ( Everything touched by progressives, dies !)
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To: Antoninus

good point


65 posted on 12/19/2023 6:17:34 AM PST by Cen-Tejas
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