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U.S. Steel warns Nippon deal failure could put thousands of jobs at risk
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U.S. Steel warns Nippon deal failure could put thousands of jobs at risk
Sep 4, 2024 7:09 AM

WASHINGTON, Sept 4 (Reuters) - U.S. Steel warned

Wednesday that a failure to merge with Nippon Steel ( NISTF )

would put thousands of U.S union jobs at risk and result in the

American steelmaker largely pivoting away from its blast furnace

facilities and potentially moving its headquarters.

The announcement comes as the deal faces strong bipartisan

opposition with Vice President Kamala Harris on Monday saying

she wants U.S. Steel to remain "American owned and operated".

Her Republican rival Donald Trump has pledged to block the deal

if elected.

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