Just as Japanese companies Toyota and Honda are creating jobs, Nippon can do the same in the steel industry, The Heritage Foundation’s Diana Furchtgott-Roth and Andrew Hale write.
“As Governor Shapiro has stated before, he expects any potential buyer for U.S. Steel to demonstrate strong commitments to capital investment at the Mon Valley Works, keeping the headquarters in Pittsburgh, and protecting and growing jobs throughout western Pennsylvania,” Bonder said.
Lourenco Goncalves, the CEO of Ohio-based steelmaker Cleveland Cliffs, said Monday that he wanted to make a new bid for U.S. Steel.
But the deal quickly drew opposition, and that main opposition came from the United Steelworkers Union ... particularly here in southwestern Pennsylvania, and even offered to pay every existing worker a $5,000 bonus if the deal went through.
The argument is even less credible considering Japan hosts more than 50,000 US troops and in 2023 changed its laws so US-designed Patriot Missiles produced in Japan could be sold to the US to replenish stocks that had dwindled due to substantial shipments to Ukraine.
A letter from 20 Pennsylvania local mayors to Biden ... The political dynamics are more nuanced than they might appear. The United Steelworkers union and Biden oppose the deal.
President Joe Biden’s decision to block Nippon Steel’s acquisition of U.S. Steel on national security grounds will have disastrous consequences for some Pennsylvania steel workers, who will lose their jobs and won’t be able to pay mortgages and support their families.
Ohio-based steelmaker Cleveland-Cliffs accused rival U.S. Steel of trying to silence Cliff’s irrepressible CEO Lourenco Goncalves on Friday during a hearing in a lawsuit that alleged a conspiracy between the United Steelworkers union and Cliffs aimed at disrupting U.S. Steel’s $14.9 billion sale to Nippon Steel.
With the inspection, cleaning and conditioning of the drivers of former Pennsylvania Railroad Class K4s 4-6-2 steam engine No. 1361 by Strasburg Rail Road’s mechanical department, the locomotive’s $2.
In November, graduate student workers voted to unionize with the United Steelworkers following longstanding concerns about low stipends, expensive health insurance and a lack of protections against discrimination.
Gerdau S/A Ord 1.40% R$34.52B