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Fetterman Wants to Block Sale of U.S.
Steel to Japanese Company

Original Article

Posted By: Harlowe, 12/18/2023 11:27:34 PM

Sen. John Fetterman (D-PA) said he would do “anything” to block Japanese steelmaker Nippon Steel’s acquisition of U.S. Steel.[Snip]“I’m gonna do everything I can to block it,” Fetterman wrote on X. “I live across the street from U.S. Steel’s Edgar Thompson plant in Braddock,” Fetterman said in a statement. “It’s absolutely outrageous that U.S. Steel has agreed to sell themselves to a foreign company. Steel is always about security--both our national security and the economic security of our steel communities. I am committed to doing anything I can do, using my platform and my position, to block this foreign sale.”

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The United Steelworkers Union President, David McCall, said the union “remained open throughout” the process “to working with U. S. Steel to keep this iconic American company domestically owned and operated.” U. S. Steel was founded 122 years ago by J. P. Morgan and Andrew Carnegie.

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Reply 1 - Posted by: Nimby 12/18/2023 11:29:14 PM (No. 1620147)
He needs to talk to his own party
26 people like this.

Reply 2 - Posted by: billsv 12/18/2023 11:49:13 PM (No. 1620156)
ok with me
16 people like this.

Reply 3 - Posted by: The Remnants 12/19/2023 12:05:49 AM (No. 1620159)
Sounds good to me.
14 people like this.

Reply 4 - Posted by: PChristopher 12/19/2023 12:46:35 AM (No. 1620176)
Is this the dame Fetterman?
13 people like this.

Reply 5 - Posted by: watashiyo 12/19/2023 3:53:54 AM (No. 1620197)
Better Japan than China.
16 people like this.

Reply 6 - Posted by: mifla 12/19/2023 4:10:49 AM (No. 1620203)
Perhaps they can see the writing on the wall after the Dems destroyed the energy sector.
21 people like this.

Reply 7 - Posted by: seamusm 12/19/2023 5:13:17 AM (No. 1620222)
Maybe the stroke knocked some sense into him. He should have another - the job's not finished.
11 people like this.

Reply 8 - Posted by: Jesuslover54 12/19/2023 5:13:18 AM (No. 1620223)
I wonder why Mittal Steel or the Chinese didn't buy it. What are the Nipponese actually buying of value?
6 people like this.

Reply 9 - Posted by: skacmar 12/19/2023 8:04:09 AM (No. 1620293)
The union described the sale as greedy and short sighted. Funny coming from the union who helped to put US Steel in the position if needing to be sold in order to survive.
35 people like this.

Reply 10 - Posted by: jdano 12/19/2023 8:15:10 AM (No. 1620309)
If s stroke makes you anti-woke, then the democrat party needs more strokes. (Sounds like a Bob Dylan song right there)
8 people like this.

Reply 11 - Posted by: FunOne 12/19/2023 8:41:30 AM (No. 1620330)
Poster #9 is the winner. The reason Japan now owns US Steel, and the reason the Mon Valley was littered with closed steel mills a quarter century ago is primarily the United Steelworkers Union. When the greedy USW Union was told by management that they could not sustain the wage demands they responded that management was just "crying wolf". Well, the wolf finally came to the steel mills and greatly impacted the economy of the many towns along the Monongahela River.
20 people like this.

Reply 12 - Posted by: Strike3 12/19/2023 9:27:38 AM (No. 1620382)
Why? Japan is one of the few countries left with which we enjoy mutual business advantages. The Japanese knocked out US steel makers way back in the 1980s by making a superior quality steel and shipping it here cheaper than our union steelworkers could do it. Pittsburgh and Allentown never could best the Japanese and the big mills are still sitting there and falling apart.
6 people like this.

Reply 13 - Posted by: TexaTucky 12/19/2023 9:36:21 AM (No. 1620386)
I'm with #5. Japan is our friend. China is not. If the sale to a friend doesn't go through today, tomorrow it will go to our enemy for a bargain price.
4 people like this.

Reply 14 - Posted by: DVC 12/19/2023 9:46:30 AM (No. 1620398)
Gee, who ever imagined that he'd ever be on the right side of any issue?
7 people like this.

Reply 15 - Posted by: LC Chihuahua 12/19/2023 9:48:18 AM (No. 1620402)
Looked up where US Steel was ranked among US steel manufacturers. They came in at number 6. US Steel lost their edge and their lead long ago. Who is the most innovative in the steel industry? It's not US Steel. It's probably not any US steel manufacturer. They have been milking their industry for everything they can get. How much have they invested? Actually, sympathize with Fetterman, but this is a losing battle. Remember my high school classmates and remember a number of them thinking they would get a job in the local steel mill when they graduated. Needless to say, things did not go according to plan. That was back in the 70s.
5 people like this.

Reply 16 - Posted by: MickTurn 12/19/2023 9:54:19 AM (No. 1620412)
FetterBOY, maybe you need to talk to the Unions that Bankrupted US STEEL.
9 people like this.

Reply 17 - Posted by: Amanoftwistsandturns 12/19/2023 11:44:28 AM (No. 1620481)
They say a blind squirrel finds an acorn every so often. Fetterman has actually found 3 lately, going after that crook Bob Menendez, Hamas and AOC and now this.
4 people like this.

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