My sole focus has been on protecting the jobs that exist today and, most importantly, having a clear path on investment so that we have jobs tomorrow and the next day and the next year and stretching out decades,
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,
The bid by Japan's Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the storied Pittsburgh company after President Joe Biden blocked the deal.
United States Steel Corp. CEO David Burritt in an interview with CNBC appealed to President-elect Donald J. Trump to rescue the Pittsburgh-based company's $14.9 billion acquisition by Nippon Steel Corp.
President Joe Biden’s decision to thwart a Japanese firm from buying U.S. Steel doesn’t pen an obituary for the Pittsburgh-based industrial titan whose decades-long fall from grace has been inextricably linked to the city where it was born.
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, robotics, and artificial intelligence. Now, 70 years after scores of regional steelworkers quite literally fought the Japanese in World War II,
Amid the ongoing saga of its proposed $14.9 billion acquisition by Japanese steelmaking giant Nippon Steel, and with big questions looming about the future of the company’s Mon Valley operations, United States Steel Corp.
“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.
President-elect Donald Trump's opposition to the U.S. Steel deal with Nippon Steel undermines his claims to helping the working-class voters who elected him.
U.S. Steel ( X 0.41%) has been in the news for months since Japan's Nippon Steel made a generous offer for the iconic American steelmaker. Nippon's $14.9 billion bid in late 2023 represented a nearly 40% premium to U.S. Steel's share price at the time.
A joint bid for U.S. Steel from two domestic rivals has the potential support of Gov. Josh Shapiro. In a statement to The Center Square on Monday, the governor’s office said Cleveland-Cliffs CEO Lourenco Goncalves has made “meaningful commitments to Pennsylvania” in conversations about a formal offer the Ohio-based company plans to make with Nocur,