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The Latest Breaking News from David Burritt

U.S. Steel pledges up to $2.5 billion in upgrades to Mon Valley Works

U.S. Steel plans to invest up to $2.5 billion into upgrades to its Mon Valley Works, which it forecasts will generate $1.7 billion for the state, according to a Monday report from the steelmaking giant

The Independent UK

US Steel CEO Says 'Golden Share' Doesn't Restrict Operations After Trump Approval

US Steel CEO says the company's golden share agreement after Trump approval does not limit operations, jobs, or future growth plans.

International Business Times

Before the U.S. Steel Explosion, a Legacy of Cost-Cutting and Broken Promises

Canceled upgrades, insufficient maintenance and political lobbying preceded deadly explosion at Pennsylvania’s aging steel plant.

Capital & Main

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Fatal explosion at U.S. Steel's plant raises questions about its future, despite heavy investment

The explosion this week at U.S. Steel's Pittsburgh-area plant has reignited debate about its future

The Independent UK

President Trump To Meet With U.S. Steel And Fedex Executives

President Trump to meet U.S. Steel and FedEx executives to address blocked acquisition and related issues.

Top News

Here’s why the United Steelworkers oppose Nippon’s takeover of U.S. Steel

'When U.S. Steel CEO David Burritt declares how good the Nippon deal will be for workers, I’m not going to take him at his word,' writes USW's David McCall.

Fortune

Pennsylvania steel workers, wooed by Harris and Trump, remain skeptical

The future of US Steel hangs in the balance amid a proposed sale to Japan’s Nippon, which both candidates have vowed to block

The Guardian - US

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US Steel CEO Says Sale To Nippon Must For Company To Succeed, Save Jobs

Dismissing national security concerns, David Burritt said once the deal is finalized, the Japanese company will have to abide by U.S. trade laws. He added that the board will predominantly consist of U.S. citizens overseeing operations.

Latin Times

US Steel CEO Says Sale To Nippon Must Happen For Company To Succeed, Save Jobs

International Business Times

Biden Expected To Block Nippon Steel Deal; US Steel Shares Plunge

Amid the ongoing issue, U.S. Steel CEO David Burritt warned that if the acquisition isn't pushed through, thousands of U.S. union jobs could be at risk.

International Business Times

US Steel Warns Plants Could Close Without Nippon Sale

United States Steel warned Wednesday it could shut its headquarters and factories in Pennsylvania, a key swing state in the upcoming election, if a takeover by Japan's Nippon Steel is blocked.

International Business Times

Cleveland-Cliffs Proposes To Acquire U.S. Steel

US Steel Brushes Off Cleveland-Cliffs' $35 Per Share Offer: Deal Less Likely To Close Without 'Meaningful Concessions'

Zenger

US Steel reaches tentative contract with United Steelworkers union

PITTSBURGH — U.S. Steel and the union representing more than 11,000 of its employees, including those at the Mon Valley Works, have reached a tentative agreement on a new four-year contract.

People

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