Pittsburgh's most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that's kicking up an election year political maelstrom
PITTSBURGH — Generations of Pittsburghers have worked at steel mills, rooted for the Steelers or ridden the rollercoaster at Kennywood amusement park, giving them a bird's eye view of the massive Edgar Thomson Works, the region’s last blast furnace.
Now, Steeltown USA's most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that's kicking up an election year political maelstrom across America's industrial heartland.
The sale comes during a tide of renewed political support for rebuilding America's manufacturing sector and in the middle of a presidential campaign in which the politically dynamic Pittsburgh region is a destination for President Joe Biden, former President Donald Trump and their surrogates.
The deal follows a long stretch of protectionist U.S. tariffs that analysts say has helped reinvigorate domestic steel. And it is eliciting complicated feelings in a region where steel is largely a thing of the past after people, particularly those 50 or older, watched mills shut down and their Rust Belt towns wither.
“The fear is that these jobs went away once, and the fear is that these jobs could go away again,” said Mike Mikus, a Pittsburgh-based Democratic campaign consultant whose grandfather lost his steel mill job 40 years ago.
U.S. Steel is no longer a major steelmaker in an industry dominated by the Chinese. But its workers still carry political heft in what some see as a larger symbolic fight to save what’s left of manufacturing in the United States.
With
Read more on abcnews.go.com