Billions in regional economic impact, thousands of family-sustaining jobs and millions in State and local tax revenue...
Does this sound like a business worth having in PA? Well, fortunately, we already do. U.S. Steel has had a presence in PA for over 120 years, and currently has 7 locations throughout PA. On December 18, 2023, the Japanese-based Nippon Steel Corporation announced that it was acquiring U.S. Steel. Shortly thereafter, Nippon Steel has repeatedly pledged its commitment that U.S. Steel will retain its name, brand and headquarters in Pittsburgh under the deal, as well as a financial pledge of more than $2.7 billion in U.S. Steel’s facilities.
I will soon be introducing a resolution that urges the President to approve the sale of U.S. Steel to Nippon Steel. My resolution will contain information on the economic benefits of U.S. Steel’s presence in the Commonwealth, as well as information about the strong alliance that the U.S. has with Japan. Copies of the resolution will be transmitted to the President as well as PA’s Congressional delegation.
The President has the authority to approve or deny the sale of U.S. Steel. I ask you to join me in cosponsoring this resolution to send a clear and strong message to President Biden: U.S. Steel is good for Pennsylvania, and this deal is good for Pennsylvania.