Pennsylvania Senator John Fetterman unhappy with historic US Steel being bought by Nippon Steel


Pennsylvania Senator John Fetterman is unhappy with the sale of US Steel.

Nippon Steel has reached a deal to buy US Steel for $14 billion, which serves as a latest step in a gradual decline for the iconic 122-year-old company, which was once the largest company on the planet.

As per the terms of the deal, the company will retain its name of US Steel and will continue to have its headquarter in Pittsburgh, despite being bought by Japanese steelmaker.


Earlier in summer, the United Steelworkers Union vowed to only support a proposed purchase offer from Cleveland Cliffs, another unionized American steel company.