Press "Enter" to skip to content

US Steel Sale and Future in Limbo After Biden Block

By Salena Zito

BRADDOCK, Pennsylvania — The fate of the Edgar Thomson Works, a massive steel plant that has hugged the same spot along the Monongahela River since 1875, became even more uncertain Friday morning when President Joe Biden announced he would block the sale of United States Steel to Nippon Steel as one of his last acts as president.

Biden said he blocked the $14 billion takeover of U.S. Steel by Japan’s Nippon Steel on the grounds the sale was a threat to national security.

“It is my solemn responsibility as president to ensure that, now and long into the future, America has a strong domestically owned and operated steel industry that can continue to power our national sources of strength at home and abroad,” Biden’s statement read, adding that “it is a fulfillment of that responsibility to block foreign ownership of this vital American company.”

Read Full Article Here…(hotair.com)


Home | Caravan to Midnight (zutalk.com)

Live Stream + Chat (zutalk.com)

We Need Your Help to Keep Caravan To Midnight Going,

Please Consider Donating to Help Keep Independent Media Independent

One Comment

  1. Sean Crawford Sean Crawford January 13, 2025

    Since when did Biden give a flip about this country? This doesn’t smell right. Something else is behind that curtain.

Comments are closed.

Breaking News: