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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.

<p>U.S. Steel CEO: All we've been looking for is fairness US Steel CEO: All we've been looking for is fairness 7 Hours Ago | 04:56 United States Steel would like to accelerate its investments and hire back laid-off employees now that Donald Trump will be occupying the Oval Office, CEO Mario Longhi told CNBC on Wednesday.</p>

Steel stocks have surged since Donald Trump won the U.S. presidential contest on promises to put America first and make massive investments in the nation’s infrastructure. And no steel producer has benefited more than U.S. Steel. Its shares have jumped 54 percent since Nov. 8, closing Wednesday at $32.34, up $1.18. However, analysts say there are plenty of steel producers who stand to benefit more than U.S. Steel if the Trump administration pushes through a massive infrastructure program...

United States Steel Corp. has filed a complaint with U.S. regulators against the biggest Chinese steel producers, accusing them of conspiring to fix prices, stealing trade secrets and skirting duties on imports in the U.S. with false labeling. The big steelmaker is alleging illegal unfair competition by the Chinese producers and their distributors, and is seeking “the exclusion of all unfairly traded Chinese steel products from the U.S. market.” U.S. Steel announced Tuesday that it lodged the complaint with the U.S. International Trade Commission. Normally the independent federal agency decides within 30 days whether or not to act. The case...

U.S. Steel says it is cutting 25 percent of its non-union workforce in North America, or roughly 750 jobs. The Pittsburgh-based steel producer has about 21,000 employees in North America and about 18,000 are represented by the United Steelworkers union at last count. …

U.S. Steel announced Thursday that it will idle its Keetac taconite iron ore operations starting May 13, another victim of the huge glut of global iron ore and steel that's far outpacing demand. The company said up to 412 workers at the facility will be affected and that they are being notified. Some employees will be kept on to maintain the operations, so the exact number of layoffs hasn't yet been determined, the company said. Pittsburgh-based U.S. Steel said the Keewatin, Minn., plant will be idled indefinitely "due to the company's current inventory levels and ongoing adjustment of its steelmaking...

U.S. Steel says it will lay off more than 350 workers in East Chicago, Indiana, as it plans to temporarily close its tin mill. Company spokeswoman Sarah Cassella tells The Times in Munster that layoffs will begin in mid-March. She declined to comment on how long the plant will be closed for. Cassella says low-priced tin product imports have hurt domestic business. …