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.

U. S. Steel has a merger agreement with Nippon Steel and remains committed to completing it. Only Nippon Steel’s partnership will deliver $55 per share to our shareholders and guarantee the significant capital investments and technology sharing needed to ensure a strong U. S. Steel for generations to come and protect jobs.

“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.

The companies’ statement said that Biden had “ignored the rule of law to gain favor with … (the United Steelworkers union ... significant state of Pennsylvania. While it doesn’t employ ...

United Steelworkers President David McCall declared ... Nippon Steel to keep investing in blast furnaces like the ones in Pennsylvania and Indiana. “Without the Nippon Steel transaction, U.

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.

U.S. Steel and Nippon Steel allege in a lawsuit the administration blocked their $14.9 billion deal over political calculations, calling it an unprecedented action that "served the president's personal political agenda.

Cleveland-Cliffs offered the company roughly $7.3 billion for a buyout in July 2023, though it was rebuffed. In a lawsuit filed earlier last week, U.S. Steel and Nippon say Cleveland-Cliffs conspired with the United Steelworkers Union to put pressure on Biden and the regulatory process to steer the deal back into its hands.

Pittsburgh’s relationship with decline is complicated. The city lost half its population after the steel industry collapsed in the 1970s and 1980s, yet has clung to relevance as a mini-hub for medicine,