U.S. Steel C.E.O. Says Nippon Deal Will Strengthen National Security

Published On Sep 17, 2024, 3:53 PM

David Burritt, the CEO of U.S. Steel, is confident that the proposed $15 billion acquisition of U.S. Steel by Japan's Nippon Steel will be approved by the federal government despite political pushback from leaders in both parties. Burritt argues that the deal will enhance national security, economic stability, and job security in the U.S. However, there are concerns from lawmakers and labor unions that the acquisition could undermine American ownership and jobs, particularly due to its implications for the upcoming presidential election in Pennsylvania, where U.S. Steel is headquartered.