Nippon Steel Intensifies Campaign to Secure $14.1 Billion US Steel Acquisition

Japanese steel giant sends top executive to Pittsburgh to address union and political opposition.

Vice Chairman Takahiro Mori will meet with local staff and elected officials in Pittsburgh next week.
Nippon Steel is dispatching technical teams to review US Steel mills for investment and labor commitments.
The acquisition faces resistance from United Steelworkers and President Joe Biden, who prefers US Steel to remain American-owned.
Nippon Steel has pledged to move its US headquarters to Pittsburgh and increase investment to gain union support.
The deal's completion is delayed to the second half of 2024 due to antitrust and national security reviews.