U. S. Steel Employees to Host Rally at Mon Valley Works Clairton Plant to Fight for their Futures in Support of Nippon Steel Transaction
Summary
They will again call on officials across the nation to recognize the significant benefits this transaction holds for employees and other stakeholders and to advocate for regulatory reviews to be focused on the merits of the deal. This transaction with Nippon Steel is the only scenario where significant investments would occur across the unionized, integrated facilities, including in Mon Valley Works. Nippon Steel has outlined its commitments in detail and responded to expressed concerns from USW International President Dave McCall here. In Pennsylvania alone, Nippon Steel’s investment is expected to generate $1 billion in economic impact and up to $40 million in state and local taxes, and create 5,000 construction jobs, in the first two years. The Company also maintains competitively advantaged iron ore production and has an annual raw steelmaking capability of 22.4 million net tons.