Fetterman says he’ll work to block ‘absolutely outrageous’ US Steel sale
by Lauren Sforza - 12/18/23 2:51 PM ET
Sen. John Fetterman (D-Pa.) vowed Monday to work to block the $14.9 billion sale of U.S. Steel Corp. to Japanese steelmaker Nippon Steel, which he described as an “outrageous” move.
The deal was announced Monday, prompting the stock prices of U.S. Steel to jump up 25 percent. Fetterman criticized the sale, saying in a post on X, the platform formerly known as Twitter, that the move was “wrong for workers and wrong for Pennsylvania.”
“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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https://thehill.com/homenews/senate/4366073-fetterman-says-hell-work-to-block-absolutely-outrageous-us-steel-sale/
