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Senators from both parties are attempting to block the purchase of US Steel, America’s iconic steel company, by Nippon Steel, a Japanese competitor. Russell Payne reports in The New York Sun, writing:
Senator Brown is joining a growing bipartisan group of senators opposing the acquisition of U.S. Steel by Nippon Steel, which would put the iconic American company under the control of a Japanese competitor.
The senior senator of Ohio said in a statement that he supports U.S. Steel remaining under the control of a pro-union, American company.
“U.S. Steel has a proud tradition of American manufacturing. If U.S. Steel must be sold, I have made clear that a pro-union American company that values its workers — like Cleveland-Cliffs — should buy it,” Mr. Brown said.
He added that a “foreign company should not be able to swoop in, ignore the voices of union workers, and buy a major American steel manufacturer behind closed doors,” and that the acquisition “insulted American steelworkers by refusing to give them a seat at the table.”
Mr. Brown is joining the junior senator of Ohio, Senator Vance, in opposing the acquisition, alongside Senators Fetterman and Hawley.
“It’s absolutely outrageous that they have sold themselves to a foreign nation and a company,” Mr. Fetterman said in a video posted on X Monday. “Steel is always about security as well, too, and I am committed to doing anything I can do from using my platform or my position to block this.”
He added: “I’m going to fight for the steelworkers and their union way of life.”
In a letter to Secretary Yellen Monday, Messrs. Vance and Hawley voiced their concern about an “absence of any security-focused deliberation on U.S. Steel’s part.”
Read more here.
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