US Steel 1 year later: A bet on allies that is paying off

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(The Hill, June 29, 2026 )

 

US Steel 1 year later: A bet on allies that is paying off 

One year ago, opponents warned that Nippon Steel’s acquisition of U.S. Steel would cost jobs, weaken American manufacturing, and threaten national security. Today, those predictions have failed to materialize. Workers received promised bonuses, investment is flowing into American mills, U.S. Steel remains headquartered in Pittsburgh, and Washington retains unprecedented oversight authority over the company.

 

PGH Works Perspective

Fears of foreign ownership have proven to be unfounded.

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