Bring Domestic Steel Manufacturing Into America’s Golden Age

Originally published by Broad + Liberty.

If there is to be a new Golden Age for American industry and manufacturing, Pennsylvania will play a leading role. In recent years, a new investment opportunity has developed that could have a truly transformational impact on Pennsylvania—the proposed investment by Nippon Steel in the iconic U. S. Steel.

U. S. Steel was once the largest producer of steel in the world and the largest U.S. employer. This giant is deeply ingrained in the identity of western Pennsylvania. But like many heartland industries, Pennsylvania’s domestic steel sector has faced challenges in recent years. Today, U.S. Steel employs fewer workers and ranks lower among the world’s steel companies worldwide.

Fortunately, with the support of our leaders in Pennsylvania and Washington, D.C., U. S. Steel could galvanize a rebirth of the American steel industry. Nippon Steel, a well-regarded and innovative Japanese steel company, has proposed a sizable investment in U.S. Steel. In late 2023, Nippon Steel made a nearly $15 billion bid for U. S. Steel, which included key commitments to invest in existing factories, union employees, and local communities.

Read more at Broad + Liberty.