Without Nippon Deal, U.S. Steel Will Leave Pittsburgh

The Center Square YT

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September 6th, 2024

DESCRIPTION

The company behind the eponymous "Steel City" may be a Pittsburgh icon no more. U.S. Steel, founded in the city more than 120 years ago, said Wednesday that without Japanese-owned Nippon Steel’s $14.9 billion acquisition, it would relocate out of Pittsburgh – dealing an economic and symbolic blow to Pennsylvania. The comment comes as multiple media reports suggest the Biden administration will soon collect on a promise to block the deal, a union-backed bipartisan move aimed at keeping the famed company American-owned.

The Center Square YT

The focus of The Center Square's work is state and local level government and economic reporting. A taxpayer sensibility distinguishes our work from other coverage of state and local issues. As a result of this approach, our audiences are better informed about the focus of state and local government and its cost to the citizens whose tax dollars fund governmental decisions.