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Kamala Harris was greeted on the tarmac outside Pittsburgh Wednesday not by executives of U.S. Steel but by union leaders. "It’s most important that we maintain America’s ability to have American manufacturing of steel by American workers,” she told MSNBC host Stephanie Ruhle. Ms. Ruhle had compared U.S. Steel leaving Pittsburgh to Philadelphia losing the Liberty Bell to Newark. The iconic Pittsburgh steelmaker has been trying to finalize a sale to Japan’s Nippon Steel for nearly a year, including a robust public relations campaign to convince politicians and workers that the $14.9 billion transaction is the best path forward. Vice...

U.S. Steel shares plunged on Wednesday as Wall Street questioned whether its $14.1 billion deal with Japan's Nippon Steel is at risk of derailing. Shares of U.S. Steel plunged as much as 25% in afternoon trading after the Washington Post reported President Joe Biden is preparing to formally block the proposed acquisition. As of 2:35 p.m., shares of U.S. Steel were down $7.12, or 20%, to $28.48. The White House downplayed the Washington Post report, which cited three people familiar with the president's plans. In a statement, it cited a process of review by the Committee on Foreign Investments in...

Vice President Kamala Harris used a joint campaign appearance with President Joe Biden in the critical swing state of Pennsylvania on Monday to say that U.S. Steel should remain domestically owned — concurring with the White House’s monthslong opposition to the company’s planned sale to Japan’s Nippon Steel. Her comments came during a rally before cheering union members marking Labor Day in the industrial city of Pittsburgh, where Harris said U.S. Steel was “an historic American company and it is vital for our country to maintain strong American steel companies.” “U.S. Steel should remain American-owned and American-operated, and I will...

US Vice President and Democratic presidential candidate Kamala Harris visited Pittsburgh for the Labor Day holiday with President Biden. There, she declared that United States Steel should remain domestically owned and operated, yet another high-profile critic of US Steel’s proposed sale to Japan’s Nippon Steel. “US Steel is a historic American company, and it is vital for our nation to maintain strong American steel companies,” Harris told the audience at Union Hall in Pittsburgh, where US Steel is headquartered. She said, “I couldn’t agree more with President Biden — US Steel should remain American-owned, and American-operated. And I will always...

Japan's biggest steelmaker, Nippon Steel Corp... has hired former U.S. Secretary of State Mike Pompeo to help with its effort to acquire U.S. Steel ... "We look forward to working alongside him to further emphasize the ways in which Nippon Steel's acquisition of U.S. Steel bolsters the country's economic and national security," Nippon Steel said ... Pompeo had not been given a specific job title within the company. ... Although both steelmakers have received all regulatory approvals outside of the United States for their proposed $14.9 billion merger, they face political opposition and regulatory scrutiny from within the United States....

Growing up in San Bernardino, California in the 1980s was an experience that shaped me in many ways. One of the highlights of those years was playing high school football, and one of our fiercest rivals was Fontana High School. Fontana was known for having one of the toughest football teams in San Bernardino County, and our games against them were always intense and hard-fought. But Fontana was more than just a football rival. It was a town with a long and proud history of steel production. The Kaiser steel production facility, a major employer in the area, closed its...

Steel has become an integral part of the American economy. But as a large portion of the sector is being "sold off to the highest bidder," members of the United Steelworkers (USW) union are sounding off over the transaction.

Former President Trump vowed to block the sale of U.S. Steel to the Japanese Nippon Steel Corporation if he secures a second term in the White House. “I would block it, I think it’s a horrible thing. When Japan buys U.S. Steel, I would block it instantaneously. Absolutely,” he told reporters Wednesday after meeting with the Teamsters union in Washington. Trump did not say how he planned to block the deal between U.S. Steel and Nippon Steel. “We saved the steel industry. Now, U.S. Steel is being bought by Japan. So terrible. But yeah, we want to bring jobs back...

President Joe Biden believes “serious scrutiny” is warranted for the planned acquisition of U.S. Steel by Japan’s Nippon Steel, the White House said Thursday after days of silence on a transaction that has drawn alarm from the steelworkers union.Lael Brainard, the director of National Economic Council, indicated the deal would be reviewed by the secretive Committee on Foreign Investment in the United States, which includes economic and national security agency representatives to investigate national security risks from foreign investments in American firms. She said in a statement that Biden “believes the purchase of this iconic American-owned company by a foreign...

Nippon Steel Corporation (NSC), Japan’s top steelmaker, is set to acquire United States Steel Corporation (“U. S. Steel”) in a cash transaction valued at nearly $15 billion. This acquisition raises questions about the future of American industry and labor amid larger national security conversations. U.S. Steel is a steel producer that supplies products to many industries, including automotive, construction, appliances, energy, containers, and packaging. It was founded in 1901 and is headquartered in Pittsburgh, Pennsylvania. As of 2022, U.S. Steel is the 27th largest steelmaker in the world, producing about 14.5 million tonnes of liquid steel annually. The definitive agreement,...

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.”

The US and EU have agreed to end a festering dispute over US steel and aluminium tariffs imposed by former president Donald Trump in 2018, removing an irritant in transatlantic relations and averting a spike in EU retaliatory tariffs, US officials have said. Commerce secretary Gina Raimondo told reporters on Saturday that the deal would maintain US section 232 tariffs of 25% on steel and 10% aluminium, while allowing “limited volumes” of EU-produced metals into the US duty free.... ...EU trade chief Valdis Dombrovskis confirmed the deal, writing on Twitter that “we have agreed with US to pause” the trade...

BRADDOCK, Pennsylvania -- Exactly two years ago, U.S. Steel Corporation announced that the company would turn its Mon Valley Works operations into a key source of lightweight steel for the automotive industry. At the time, local leaders and company officials called the investment "transformational." It involved a whopping $1.5 billion upgrade to the three Mon Valley Works plants, all in Pennsylvania -- the Edgar Thomson Plant in Braddock, the Irvin Plant in West Mifflin and the Clairton Coke Works in Clairton -- with technology and improvements that would have resulted in cleaner air for all three communities as well as...

Exactly two years ago, U.S. Steel Corporation announced that the company would turn its Mon Valley operations into a key source of lightweight steel for the automotive industry. At the time, local leaders and company officials called the investment “transformational.” It involved a whopping $1.5 billion upgrade to its Mon Valley Works. On Friday, U.S. Steel said after months of tug-of-war with the Allegheny County Health Department, it is canceling the $1.5 billion upgrade and idling three batteries at Clairton Coke Works by 2023. President Joe Biden said in his joint speech in front of Congress that there there's no...

GRANITE CITY, Ill. (AP) — President Donald Trump on Thursday trumpeted the renewed success of an Illinois steel mill, pushing back against criticism that his escalating trade disputes are hurting American workers and farmers. The president pointed to the U.S. Steel plant's reopening as a success story after he slapped tariffs on imported steel and aluminum last spring. On Wednesday, he and European leaders agreed to open talks on trade, a decision he called a breakthrough. "America never surrenders," Trump said in an address to workers at the company's steel coil warehouse in Granite City. "We don't wave the white...

Protesters greeted President Trump on his visit to Granite City, Ill., with a giant balloon depicting him as a chicken. Trump delivered remarks at the U.S. Steel Co.'s Granite City Works, where he also took credit for the plant’s reopening following his increased tariffs on imports. Protesters lined up hours ahead of his visit to greet the president with the “Trump chicken” balloon and numerous signs attacking the president as a “liar,” calling for his impeachment, and slamming his controversial “zero-tolerance” immigration policy. (TWEET-AT-LINK) Last week, another 33-foot-tall inflatable blimp depicting Trump as a chicken captured headlines after it was...

President Donald Trump is making his first visit to Illinois since becoming president, making a stop in Granite City on Thursday where he is expected to tout the reopening of a U.S. Steel Corp. mill. The White House announced Sunday night Trump will swing through Granite City, in southern Illinois near St. Louis and Dubuque, Iowa, on Thursday. The Trump administration has been highlighting U.S. Steel’s Granite City mill as a trade war success story even as the tariffs have sparked concerns in other sectors, with alarms sounded by Illinois farmers whose main crop is soybeans. The visit will have...

The company plans to call back about 500 employees United States Steel Corp. X +4.25% said it would restart a blast furnace in Illinois to handle the higher demand it expects from President Donald Trump’s proposed tariffs on foreign steel. The steelmaker said it also plans to call 500 employees back to work at the Granite City mill. U.S. Steel idled its blast furnaces there two years ago as a flood of cheap imports pushed down domestic steel prices. Steel producers have been hurt in recent years by increasing competition from foreign competitors, particularly China, that have ramped up production...

A spill at a U.S. Steel plant in northern Indiana that sent wastewater containing a potentially carcinogenic chemical into a Lake Michigan tributary was apparently caused by a pipe failure, the steelmaker said Wednesday. Tuesday’s spill of an unknown amount of wastewater led to the closure of two beach areas at the scenic Indiana Dunes National Lakeshore and prompted a local water utility to stop drawing water from the lake out of “an abundance of caution,” the U.S. Environmental Protection Agency said. U.S. Steel said a preliminary investigation shows an expansion joint failed Tuesday in a pipe at its Portage,...

U.S. Steel CEO Mario Longhi admitted that manufacturing challenges exist exclusively in the United States thanks to oppressive regulation set forth by President Obama. Longhi is willing to bring as many as 10,000 jobs back to the United States because of the prosperity predicted with the advent of the incoming Trump administration. Jobs were lost to lay offs and downsizing during the Obama administration, and many employees found work overseas.