Pennsylvania Sen. John Fetterman unhappy with US Steel deal
US Steel has agreed to be bought by Nippon Steel, the largest steelmaker in Japan in a $14 billion deal
Pennsylvania Senator John Fetterman is unhappy with the sale of US Steel.
US Steel has agreed to be bought by Nippon Steel, the largest steelmaker in Japan in a $14 billion deal. It is the latest step in a gradual decline for the iconic 122-year-old company, which was once the largest company on the planet.
Under the terms of the deal, US Steel's operations will retain the name and will continue to have a U.S. headquarters in Pittsburgh.
However, the sale agreement could face opposition.
The United Steelworkers Union vowed back in the summer to only support a proposed purchase offer from Cleveland Cliffs, another unionized American steel company.
