spot_imgspot_img

Nippon Steel gets airtime during Senate debate

spot_img

(The Center Square) – Democratic Pennsylvania Sen. Bob Casey Jr. and his Republican challenger Dave McCormick agree on very few things.

Keeping U.S. Steel American-owned, however, is one of them. The company behind the eponymous “Steel City” may be a Pittsburgh icon no more if a controversial sale goes through.

U.S. Steel, founded in the city more than 120 years ago, said last month that without Japanese-owned Nippon Steel’s $14.9 billion acquisition, it would relocate out of Pittsburgh – dealing an economic and symbolic blow to Pennsylvania.

The comment comes as multiple media reports suggest the Biden administration will soon collect on a promise to block the deal, a union-backed bipartisan move aimed at keeping the famed company domestically owned and operated.

Casey said on the debate stage Thursday that he, too, opposes the deal because it could put union workers in the region out of work.

“I want to make sure, at all costs, those steelworker jobs stay here,” he said. “They’re union jobs – I don’t like what I’ve been hearing from U.S. Steel in the last few years about moving those jobs to Arkansas, a nonunion state. That’s my prime concern … We cannot lose those jobs, it would be devastating for the Mon Valley and for Pennsylvania.”

The United Steel Workers Union represents 850,000 workers across the country, including some from Nippon, of which 4,000 work in Pennsylvania, Alabama, Virginia and West Virginia.

Not every worker opposes the deal, however. On Sept. 4, thousands of U.S. Steel employees rallied outside the company’s headquarters in Pittsburgh in support of the acquisition as a last-ditch effort to save thousands of jobs.

“We want elected leaders and other key decision makers to recognize the benefits of the deal as well as the unavoidable consequences if the deal fails,” said President and Chief Executive Officer of U.S. Steel David B. Burritt.

He asked other state and federal elected officials, including Gov. Josh Shapiro, to get on board.

A federal block means the company will “pivot away” from its blast furnaces, including the one at Mon Valley Works, which is slated for a $1 billion upgrade – pending the deal’s approval.

McCormick said, however, that lukewarm support from local officials and opposition from environmental groups sunk U.S. Steel’s own plans to invest in the facility in 2021.

“The reason was because the Allegheny County government blocked the new project on environmental grounds,” he said. “If I was the senior senator from Pennsylvania, I would be standing on the desk of the people in Allegheny County, getting that great investment and those jobs here.”

“This is the kind of failure of leadership that’s taking Pennsylvania in the wrong direction,” he added.

Nonetheless, McCormick opposes the deal on national security grounds. President Joe Biden has expressed similar concerns.

DON’T MISS OUT

Be the first to know about the latest news, giveaways, events, and updates from The Black Chronicle!

We don’t spam! Read our privacy policy for more info.

spot_img
spot_img

Hot this week

African and Caribbean Nations Call for Reparations for Slave Trade, Propose Global Fund

Nations across Africa and the Caribbean, deeply impacted by...

Health care company agrees to pay $22.5 million to settle claims of over billing

A health care company agreed to pay nearly $22.5...

Sports betting expert offers advice on paying taxes for gambling winnings

(The Center Square) – Tax season is underway, and...

Entertainment district benefits don’t outweigh the cost, economists say

(The Center Square) — Weeks later, after more details...

Business association ‘disappointed’ by WA L&I’s proposed workers comp rate hike

(The Center Square) – The Association of Washington Business...

Coussan spends more for Public Service Commission spot than Senate seat

(The Center Square) — New District 2 Public Service...

Hemp business owners rally against regulations in Illinois

(The Center Square) – Hemp businesses advocating for responsible...

Polis praises RFK Jr. HHS pick

(The Center Square) – Colorado Gov. Jared Polis expressed...

Arizona Senate candidate killed in car accident

(The Center Square) — John McLean, the Democratic Senate...

Strategy evolving, positive for urgent need of nurses in North Carolina

(The Center Square) – North Carolina is making progress...

Golden tops ranked choice runoff; race may be headed for recount

(The Center Square) — Democratic Rep. Jared Golden narrowly...

Harvard economist warns of ‘resurgence of inflation’

Federal pricing data released this week for consumer and...

More like this
Related

Coussan spends more for Public Service Commission spot than Senate seat

(The Center Square) — New District 2 Public Service...

Hemp business owners rally against regulations in Illinois

(The Center Square) – Hemp businesses advocating for responsible...

Polis praises RFK Jr. HHS pick

(The Center Square) – Colorado Gov. Jared Polis expressed...