Harris Says Keeping US Steel Domestic ‘Most Important' Over Jobs [Yahoo! Finance Canada]
United States Steel Corporation (X)
Last united states steel corporation earnings: 4/30 04:16 pm
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Source: Yahoo! Finance Canada
job losses if a proposed deal for Nippon Steel Corp., a Japanese company, to purchase United States Steel Corp. fell through. Most Read from Bloomberg “It's most important that we maintain America's ability to have American manufacturing of steel by American workers,” Harris said Wednesday in an interview with MSNBC, when asked which concern weighed more heavily in her consideration of the deal. US Steel Chief Executive Officer David Burritt told the Wall Street Journal earlier this month that the company would likely have to close plants and move its headquarters from Pittsburgh if the $14.1 billion deal wasn't consummated. But Harris said that her economic policy platform, which she detailed earlier in the day at a speech in Pittsburgh, included investing in emerging sectors including bio-manufacturing, aerospace, artificial intelligence, blockchain and nuclear energy. All of those would require “manufacturing of steel as a fundamental part of what it accomplishes,” she said
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