Tuesday, September 17, 2024

The sale of U.S. Steel to Nippon Steel has politicians up in arms, but some workers think sale might save their jobs

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The fear of foreign control and the possible loss of jobs has many U.S. politicians and United Steelworkers’ leaders stoking opposition against the sale of U.S. Steel to Japanese-based Nippon Steel, but many of the industry's workers see the sale differently.

"Outside Pittsburgh, in Monongahela River valley towns where steel is still made, some workers and officials say the rhetoric is disconnected from what is happening on the ground," report Kris Maher, Bob Tita and Aaron Zitner of The Wall Street Journal. "Some say fears of foreign ownership are overblown and that the deal with deep-pocketed Nippon Steel offers the best chance to keep steel industry jobs in the region, and communities from being erased."

The voices against the $14.1 billion sale are big names, including President Joe Biden, both presidential candidates and "all four senators from Pennsylvania and Ohio, including Sen. John Fetterman," the Journal reports. However, West Mifflin Mayor Chris Kelly told the Journal: "I would bet that none of the national politicians have seen what I’ve seen and have not talked to these local workers. . . . This is nothing but politics." West Mifflin's U.S. Steel mill employs about 800 workers.

Both sides have cranked up their lobbying machines. "Kelly and other local officials are asking Pennsylvania Gov. Josh Shapiro to get the Biden administration to hear their concerns. . . . A spokesman said the governor said his priority is protecting Pennsylvania workers," the Journal reports "Nippon Vice Chairman Takahiro Mori recently met with U.S. regulators. Ads running in Pittsburgh urge they 'keep steel jobs in steel city.'"

In Braddock, the Edgar Thomson plant "is among the world’s oldest mills, producing steel from liquid iron heated in blast furnaces. Active since 1875, it hums day and night," Maher, Tita and Zitner write.
"Braddock Mayor Delia Lennon-Winstead backs the deal and said presidential candidates who oppose it should provide another solution. 'Do they actually walk these streets and live in this area?” she said. 'Do they know the devastation of closing the mill, what it would do to this area?'"

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