The U.S. steel industry isn't in decline because of foreign competition.
It's in decline because of NIMBYism and deindustrialization.https://t.co/SGGrdTjURk
— Noah Smith 🐇🇺🇸🇺🇦🇹🇼 (@Noahpinion) December 22, 2023
Let them Merge: Foreign Acquisition of US Steel | @OfficialSeevers
Nippon Steel's proposal to merge with US Steel is meeting opposition from the usual suspects in Washington, not to mention Tucker Carlson. Their hysteria is off the charts.https://t.co/Zcoz64lxxC
— Mises Institute (@mises) December 21, 2023
A very interesting statement from Biden’s top economic advisor about the potential sale of U.S. Steel to a Japanese company… https://t.co/aUHLoPlXve
— Asma Khalid (@asmamk) December 21, 2023
Biden believes Nippon purchase of U.S. Steel deserves "serious scrutiny" https://t.co/2G0dK9bAPU
— POLITICO (@politico) December 21, 2023
The U.S. Steel deal has ignited a firestorm in Washington. Nightly reports 👇https://t.co/CAh5uIoYBv
— POLITICO (@politico) December 22, 2023
Biden believes U.S. Steel sale to Nippon Steel warrants ‘serious scrutiny,’ White House says https://t.co/loGcomdVKa
— MarketWatch (@MarketWatch) December 22, 2023
The White House said Nippon Steel’s $14.9 billion proposed acquisition of U.S. Steel deserves ‘serious scrutiny,’ given the company's core role in US steel production that is critical to national security https://t.co/bgvL1fxTqi
— Reuters (@Reuters) December 22, 2023
Biden believes U.S. Steel sale to Japanese company warrants 'serious scrutiny,' White House says https://t.co/CujCcrhnqC
— The Associated Press (@AP) December 22, 2023
Storied US Steel to be acquired for more than $14 billion by Nippon Steel https://t.co/IP37bMAC0m
— The Associated Press (@AP) December 18, 2023
#USSteel Board of Directors unanimously approved the acquisition of U. S. Steel by Nippon Steel, a global leader in steelmaking, innovation and decarbonization. We look forward to becoming the ‘Best Steelmaker with World-Leading Capabilities.’ https://t.co/SGptpF4NWd pic.twitter.com/6NLPgS9aae
— U. S. Steel (@U_S_Steel) December 18, 2023
United Steelworkers Union not happy about 120 year old US Steel being sold to a Japanese company
Let's hope Nippon Steel keeps these good paying jobs in the U.S. Not engaging with the union isn't a good sign but time will tell.
You'd think this would grab attention of pro-US… pic.twitter.com/PjopTBZK3e
— Brian Sullivan (@SullyCNBC) December 18, 2023
Pittsburgh's US Steel sold to foreign company after 122 years in America https://t.co/O2uXIdyK0p pic.twitter.com/MoiFZQ49Xa
— TheBlaze (@theblaze) December 18, 2023
US Steel to be bought by Japan's Nippon in $15bn deal https://t.co/9Es7sk6Gua
— BBC News (World) (@BBCWorld) December 18, 2023
Japan's Nippon Steel beat out rivals including Cleveland-Cliffs and ArcelorMittal to secure a purchase of US Steel for $14.9 billion in cash https://t.co/fBO0ae9yua pic.twitter.com/iPMx3JoFAP
— Reuters (@Reuters) December 19, 2023
Nippon Steel takeover of US Steel faces opposition in Washington https://t.co/zJFYoVzP36
— Financial Times (@FT) December 19, 2023
#BREAKING Japan's Nippon Steel has agreed to buy US Steel for $14.1 billion: firms pic.twitter.com/07J2n6nnqo
— AFP News Agency (@AFP) December 18, 2023
President Joe Biden believes "serious scrutiny" is warranted for the planned acquisition of U.S. Steel by Japan's Nippon Steel, the White House said after days of silence on a transaction that has drawn alarm from the steelworkers union. https://t.co/0tOr9T71hG
— NEWSMAX (@NEWSMAX) December 22, 2023
Democratic Sen. John Fetterman harshly criticized the sale on Monday of Pittsburgh-based US Steel for $14.9 billion to Japan's Nippon Steel as “absolutely outrageous,” joining Republicans in attacking the deal. https://t.co/3DWgxdqoSH
— NEWSMAX (@NEWSMAX) December 20, 2023
"Why was the company with our name on it, the United States Steel Company in such bad shape?"
Bob Brooks calls out the deal for Japanese Nippon to buy U.S. Steel and selling out American workers. @BobBrooks_NMX pic.twitter.com/WXvLylSm8h
— NEWSMAX (@NEWSMAX) December 19, 2023
.@JohnFetterman joins GOP blasting 'outrageous' US Steel sale to Japanese company https://t.co/Xq9NQ7HSmj https://t.co/Xq9NQ7HSmj
— Washington Examiner (@dcexaminer) December 20, 2023
US Steel sold to Japanese rival in $14 billion deal https://t.co/PjLY1E5rtg https://t.co/PjLY1E5rtg
— Washington Examiner (@dcexaminer) December 18, 2023
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including … https://t.co/r0Fsz6j16W
— KSTP (@KSTP) December 18, 2023
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. https://t.co/vBPuibsV9o
— Chicago Tribune (@chicagotribune) December 19, 2023
U.S. Steel, the Pittsburgh steel producer that played a key role in the nation’s industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion.https://t.co/YpvWdRwups
— Stars and Stripes (@starsandstripes) December 19, 2023
BREAKING – Japan’s Nippon Steel to buy US Steel for $14.1 bn: firms https://t.co/NLDEDwFYyH
— Insider Paper (@TheInsiderPaper) December 18, 2023
Japanese Firm to Acquire U.S. Steel for Almost $15 Billion — National Security and Labor Concerns Rise as Iconic American Company Changes Hands https://t.co/KwNCEMfHGc
— The Gateway Pundit (@gatewaypundit) December 18, 2023
Steelworkers Union Slams Japanese Company's Deal To Acquire US Steelhttps://t.co/JoWpIim35I
— Washington Free Beacon (@FreeBeacon) December 18, 2023
Japan's Nippon Steel To Buy US Steel For $14 Billion https://t.co/eog1mCOvb3
— zerohedge (@zerohedge) December 18, 2023
U.S. Steel shares jumped over 26% in early trading today after Nippon Steel Corporation, Japan's largest steelmaker, agreed to buy the iconic American company in a $14.9 billion deal. https://t.co/A1aStflc3b
— Investopedia (@Investopedia) December 18, 2023
Nippon Steel and U.S. Steel announce a historic $14.9 billion transaction. These two iconic companies are defining the future of the key steel industry and forging a strong bond as they face a more competitive environment. While the USA and Japan have been the number one…
— ラーム・エマニュエル駐日米国大使 (@USAmbJapan) December 18, 2023
Nippon Steel to Acquire U.S. Steel for $55/Shr https://t.co/yi1N3iHBcf
— WSJ Business News (@WSJbusiness) December 18, 2023
The architect of Nippon Steel's $14.1 billion deal for US Steel has built a reputation as a wily and tough negotiator https://t.co/ibzfOsDK6p
— Bloomberg Markets (@markets) December 20, 2023
I suppose it’s better than China purchasing it, but if you grew up in Pittsburgh and watched what happened to the steel industry in the late 70s, it’s very depressing to have Japan buy an icon of that industry, US Steel.https://t.co/PwGNx52xso
— Even More Pissed Off Patriot (@POdPatriot) December 18, 2023
Remembering what US Steel once operated in Pittsburgh pic.twitter.com/gjd22LwCOc
— 𝗰𝗵𝗿𝗶𝘀 𝗯𝗿𝗶𝗲𝗺 (@chrisbriem) December 18, 2023
https://twitter.com/chrisbriem/status/1736201378723180773
Timing they say is everything.
Finished yesterday just before US Steel made its announcement. There was a time in my life when seeing this mill humming was some thing I saw every day and never imagined there would come a time when I would never see her again. pic.twitter.com/2f0C5UdXsS— ZitoSalena (@ZitoSalena) December 19, 2023
U.S. Steel is not owned by U.S. senators.
Warm fuzzies about America’s industrial past and bluster about national security are not sufficient causes to prevent property owners from doing what they please with their property.
New from me @NROhttps://t.co/O2SQgXQTtc
— Dominic Pino (@DominicJPino) December 20, 2023
This sucks.
U.S. Steel to be acquired by Japan's Nippon Steel Corp. in a deal valued at nearly $15 billion | Pittsburgh Post-Gazette https://t.co/G2bRWuyHb5
— Big Fish (@BigFish3000) December 18, 2023
Flagship of US 🇺🇸🇺🇸 economic development in 20th century, US Steel, has been sold.
Japanese steel maker, Nippon Steel, has agreed to buy US Steel for approx $14Bn. pic.twitter.com/M9qcZ3q13f
— Abdul Rehman Najam (@AbdulRehman0292) December 19, 2023
https://twitter.com/KodieKnight88/status/1736896000457912597
Another sad story of deindustrialization in American. Japan’s Nippon Steel is buying US Steel, which was once the world’s most valuable company.
At its peak, US Steel employed 340,000 Americans. It played a key role in US manufacturing during WW2.
Its history goes back to 1901… pic.twitter.com/jv3QLHLGN8
— S.L. Kanthan (@Kanthan2030) December 18, 2023
Japan’s top steelmaker makes a HUGE bet on the US
🇯🇵 🤝 🇺🇸💰 Nippon Steel will buy US Steel in a $15 billion deal
👀 The deal comes as Nippon Steel expects US steel needs to rise, while demand in Japan is expected to fall pic.twitter.com/6zlkC3NhLX— Stephen Stapczynski (@SStapczynski) December 18, 2023
https://twitter.com/1776Diva/status/1737103662218965406
*JAPAN'S NIPPON STEEL TO BUY US STEEL FOR $14 BILLION$X https://t.co/rM1S4U5iue
— Investing.com (@Investingcom) December 18, 2023
🇯🇵🇺🇸 Nippon Steel, the world's 4th largest producer, will acquire US Steel.
Monopolization of steel will drive up prices in nearly every imaginable category, especially undercutting housing development, increasing the value of the real-estate hoarded by finance capital. pic.twitter.com/j1K4ZOH2wa
— Politsturm International (@PolitsturmInter) December 19, 2023
Japan’s largest steel company buys US Steel for $14.9 billion.
Follow: @AFpost pic.twitter.com/uHoORxQAIa
— AF Post (@AFpost) December 18, 2023
Economic View: U.S. Steel Must Stay American – @Menloferry – Coalition For A Prosperous America https://t.co/o4Oi0MPyqY
— Michael Stumo (@michael_stumo) December 21, 2023
Our thoughts on the announced deal between @U_S_Steel and Nippon: https://t.co/UnJw02U0o6
— United Steelworkers #EverybodysUnion (@steelworkers) December 18, 2023
In his first local TV interview since US Steel-Nippon announcement, @steelworkers president David McCall says deal violates collective bargaining agreements and is bad for America and this region. My story on @KDKA.https://t.co/JtjM4Pzazk
— Jon Delano (@JonDelano) December 20, 2023
The president of the United Steelworkers International Union calls the deal bad for America and bad for steelworkers. https://t.co/r0SmttxGlY
— KDKA (@KDKA) December 20, 2023
Despite assurances that Pittsburgh will remain the headquarters of U.S. Steel as a subsidiary, some worry about what the future holds for the company in this region. https://t.co/OaC2RxgGRb
— KDKA (@KDKA) December 19, 2023
There’s no reason for a foreign company to have control over U.S. Steel, even if that foreign country (Japan) is an ally of us. https://t.co/9vPSbslU2d
— Real Texan Politics ✝️🇺🇸 #TrumpVance2024 (@RealTXPolitics) December 18, 2023
.@minnesotabrown has a quick analysis of the U.S. Steel deal, which naturally means there's a story — and a good one — from 1922. https://t.co/Czk6hq5XmY via @mnreformer
— Minnesota Reformer (@MNReformer) December 18, 2023
Japan's Nippon Steel to buy U.S. Steel for over $14bn. This means Japanese ownership of big Osceola mill. OK, Sarah and Timmy? https://t.co/tfwaayGUAw
— Arkansas Blog (@ArkansasBlog) December 18, 2023
NEW: Sen. Bob Casey and other Pittsburgh Dems Chris Deluzio, Summer Lee and John Fetterman are sending a letter to Nippon Steel president cautioning the acquisition of US Steel and seeking answers to what will come of the local workforce pic.twitter.com/zNlYCe2viF
— Ryan Deto (@RyanDeto) December 19, 2023
🚨 US Steel is being sold to Japan’s biggest steelmaker, Nippon Steel, in $14.9 billion acquisition 🚨 https://t.co/n14N8Twgwz
— Ryan Deto (@RyanDeto) December 18, 2023
The U.S. Steel sale raises concern for Steelworker jobs, long-term investment in PA, and American industrial leadership.
Read my full statement below. pic.twitter.com/Rs1yczrfID
— Senator Bob Casey (@SenBobCasey) December 18, 2023
U.S. Steel is about "our national security and economic security… Americans [are] being blindsided by greedy corporations willing to sell out their communities to serve their shareholders." – Is Fetterman an America First Democrat? @Wupton explains: https://t.co/AuWPF1pKoO
— Jack Montgomery (@JackBMontgomery) December 21, 2023
Generations of Western Pennsylvanians built a solid life working hard for the iconic American company @U_S_Steel. Now, our community is getting screwed over once again. My full statement on the sale of U.S. Steel to Japan's Nippon Steel ➡️: https://t.co/O3a7Wowp1y pic.twitter.com/s23cLBd66s
— Congressman Chris Deluzio (@RepDeluzio) December 18, 2023
My statement on the acquisition of U.S. Steel:https://t.co/u1GzsgZDDn
— Senator Kim L. Ward (@SenatorKimWard) December 18, 2023
.@SenFettermanPA is right.
Pennsylvania's @steelworkers deserve better than U.S. Steel selling out American jobs.
We need to keep good, family-sustaining, union jobs in our state and protect the workers of Western PA. https://t.co/YSOVxd9BBy
— Bhavini Patel (@PatelForPA) December 18, 2023
Fetterman is right:
"The acquisition of US Steel by a foreign company is wrong for workers and wrong for Pennsylvania. I’m gonna do everything I can to block it." pic.twitter.com/s7VCv9eP1R
— Citizen Free Press (@CitizenFreePres) December 18, 2023
This J-Fet reboot arc is just incredible. https://t.co/2h5VYklqUk
— Breitbart News (@BreitbartNews) December 22, 2023
You shouldn't be making economic policy if you regard U.S. Steel auctioning itself off to Japan's Nippon Steel as "the world investing in America" and "Foreign Direct Investment" that serves as a major driver of our prosperity.
Unfortunately, that's most economists. pic.twitter.com/HoR4qea9uy
— Oren Cass (@oren_cass) December 18, 2023
J.D. Vance's reaction to the U.S. Steel/Nippon announcement did serve one productive purpose. It is yet another illustration of how the populist right is merely recycling the flawed economic policy ideas of the far left.https://t.co/7I5tvBmpDa
— reason (@reason) December 20, 2023
Today @marcorubio @HawleyMO and I wrote to the Biden administration to encourage them to block the sale of US Steel to a Japanese conglomerate. The last 40 years should have taught a painful lesson: we need to make more of our own stuff. pic.twitter.com/egwG1AokTB
— J.D. Vance (@JDVance1) December 19, 2023
🚨Senator @JDVance1 opposes sale of US Steel to Nippon
“U.S. Steel announced by celebrating the ‘immediate value’ to be delivered to shareholders…I will do everything in my power to protect the future of our nation’s security, industry, and workers.”https://t.co/5gwzuRY7Mv
— Senator Vance Press Office (@SenVancePress) December 19, 2023
🚨NEW: @JDVance1 on the foreign acquisition of US Steel
"A critical piece of America’s defense industrial base was auctioned off to foreigners for cash. I warned of this outcome months ago..rest assured that I will interrogate the long-term implications for the American people." pic.twitter.com/F9jbL1Lew7
— William Martin (@wsmartin218) December 18, 2023
Letting a foreign company acquire U.S. Steel Corporation may be good for shareholders, but it is back for America’s economic and national security.https://t.co/faixjAwIpr
— Senator Marco Rubio (@SenMarcoRubio) December 21, 2023
Letting a foreign company acquire U.S. Steel will weaken the American industrial base right when we need it the most. @SecYellen should block this acquisition.https://t.co/edwcVMWr5G
— Senator Marco Rubio (@SenMarcoRubio) December 21, 2023
Senators Hawley, @SenVancePress, @SenMarcoRubio Urge CFIUS to Block Sale of U.S. Steel & Protect America’s Industrial Basehttps://t.co/LRlXWMjfjr
— Senator Hawley Press Office (@SenHawleyPress) December 20, 2023
The most absurd thing about a giant Japanese corporation (Nippon Steel) trying to buy U.S. Steel is that our tax dollars helped make it happen. Let me explain: 🧵
— Lucas Kunce (@LucasKunceMO) December 19, 2023
US Steel boasts that they "built the steel that built this nation."
Now, that steel has been sold off to a foreign power.
This may be a good day for their shareholders, but it has disastrous implications for our country.
America desperately need the security that comes from a… pic.twitter.com/yVe1dA93zT
— Kari Lake (@KariLake) December 18, 2023
Another blatant "How is this legal" trade
Not only did Sen. Tommy Tuberville buy Puts on US Steel
He also sits on the Senate Commodity Subcommittee which directly oversees the steel industry
It's illegal for athletes to bet on games, but legal for Politicians to bet on… pic.twitter.com/BxGbIIX4nC
— Nancy Pelosi Stock Tracker ♟ (@PelosiTracker_) December 18, 2023
The news of Nippon Steel moving to acquire US Steel is an opportunity to post this important chart; and to remind ourselves that steel is the backbone of civilization, necessary for industrial production, essential to our daily life, and a sustaining element of military power. pic.twitter.com/uzNJPKmZbq
— malmesburyman (@malmesburyman) December 18, 2023
US Steel was once the world's most valuable company with 340k employees and reflects it's industrial might.
Today, it's no more… Just sold to Nippon Steel for a measly $14B.
China's steel making capacity dwarfs the rest of the world.😅https://t.co/VhrCqyZVNN pic.twitter.com/LBtCYqnyjn— ShanghaiPanda (@thinking_panda) December 19, 2023
Senator Tommy Tuberville just disclosed a purchase of put contracts betting against United States Steel Corporation.
He sits on the Senate Subcommittee on Commodities.
He is betting against U.S. manufacturing, while serving on a committee with possible inside information. pic.twitter.com/jBp2OYyCZo
— Quiver Quantitative (@QuiverQuant) December 15, 2023
U.S. Steel Stock Has Soared. These Stocks Are The Better Bet Now. https://t.co/1VFecWpemp
— Barron's (@barronsonline) December 19, 2023
U.S. Steel Stock Soars on $14.9 Billion Acquisition by Nippon Steel https://t.co/8YxHVYcAtm
— Barron's (@barronsonline) December 18, 2023
Wow.
Look at $X net premium on Friday.
It exploded with calls (green line), while days before no calls.
Today, Japan's Nippon Steel to acquire U.S. Steel, $X, for $14.9 billion, stock up 27%.
People targetted $X calls expiring next two weeks on Friday.
Those contracts went… pic.twitter.com/ox1E0gQt3j
— unusual_whales (@unusual_whales) December 18, 2023
