U.S. Steel, Nippon
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United Steelworkers raises concerns about Nippon Steel's partnership with U.S. Steel, seeking clarity on investment plans and workforce impact.
Nippon Steel investors and analysts are asking if its $15-billion deal to buy U.S. Steel , backed but not yet approved by President Donald Trump, is positive for the near term, even if its hopes for strong U.
The federal government will also have say over U.S. board members in a tie-up between Japan’s Nippon Steel and U.S. Steel, according to a lawmaker.
A restless crowd of U.S. Steel workers and supporters of President Donald Trump — a group that overlaps now perhaps more than ever — are awaiting remarks from the president at the company’s Irvin Works in West Mifflin.
President Donald Trump approved the $14.9 billion sale of U.S. Steel to a Japanese company despite promising before last year's election to block it. However, a union representing thousands of steel workers in Indiana continues to raise concerns about the deal and how it could impact workers.
Mr. Trump celebrated what he calls a partnership between U.S. Steel and Japan-based Nippon on Friday, sharing details about commitments in the partnership and increased tariffs on imported steel.