Nippon Steel makes ten-year guarantee to not reduce production in six states if deal to buy U.S. Steel is approved

(File Photo: Source for Photo: The United States Steel Corporation Research Technology Center in Munhall, Pa., is shown, Thursday, June 27, 2024. 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 smokestacks of Edgar Thomson Works, the region’s last blast furnace. Now, steel town 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 is kicking up an election-year political maelstrom across America’s industrial heartland. (AP Photo/Patrick Orsagos)

Noah Haswell, Beaver County Radio News

(West Mifflin, PA) The addition of purchasing U.S. Steel by the Japanese company Nippon Steel has been given an offer that will last a decade if it is accepted. The Washington Post cited a document from the White House that concluded that Nippon Steel put up a ten-year guarantee to not reduce production in six states. Pennsylvania will be one of the states affected if this deal is approved. This comes shortly after Nippon Steel was given an extension period to close the deal. January 7th is the date for when President Joe Biden will officially make the decision on whether U.S. Steel will be bought by Nippon Steel.