Home News American Society of American Steelworkers. Biden spoke out against the sale of the US Steel group to the Japanese

American Society of American Steelworkers. Biden spoke out against the sale of the US Steel group to the Japanese

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American Society of American Steelworkers.  Biden spoke out against the sale of the US Steel group to the Japanese

US President Joe Biden spoke out against the planned sale of US Steel to the Japanese concern Nippon Steel. The United States needs to “maintain strong American steel companies where American steelworkers will work,” he said in a statement to be released later Thursday. This was reported by the AP agency, which obtained the text of the statement in advance.

“US Steel has been an iconic American steel company for more than a hundred years, and it is imperative that it remain an American steel company owned and operated by domestic workers,” the document continued.

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The Democratic president, who is seeking re-election, has made the recovery of American industry one of the main pillars of his agenda. It relies on the support of the largest trade union in the country, the AFL-CIO, and other leading trade union organizations.

Nippon Steel announced in December that it plans to buy the Pittsburgh-based steelmaker for $14.1 billion, raising concerns about the deal’s potential consequences for labor unions, supply chains and US national security.

Nippon Steel, which is the world’s fourth-largest steelmaker, has sought to placate critics by promising that the merger will not result in job losses. The company also pledged to keep the group’s US Steel name and its headquarters in Pittsburgh, saying it already has a presence in the US market, where it wants to bring new resources to support employment.

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