Sale of US Steel to Japanese Firm Draws Growing Bipartisan Opposition

‘A turning point for an icon of American industry.’

A ladle of molten iron is poured into a Basic Oxygen Process (BOP) furnace at U. S. Steel's Granite City Works in Illinois, where it will be transformed into liquid steel. Courtesy U.S. Steel

Bipartisan opposition is growing in Washington to the planned $14.9 billion acquisition of 122-year-old U.S. Steel by Japan’s Nippon Steel over national security concerns.

Sen. John Fetterman (D-Pa.) pledged to prevent Japan’s largest steelmaker from purchasing Pittsburgh-based U.S. Steel, calling it “absolutely outrageous” because the material is about the country’s national and economic security.”