PITTSBURGH, May 15, 2024--United States Steel Corporation (NYSE: X) ("U. S. Steel") today issued its 3rd Diversity, Equity, and Inclusion (DE&I) Report, providing a holistic update on the company’s progress, highlighting DE&I milestones reached over the past year, and sharing plans for pushing further to foster an inclusive culture and promote diversity.
Nippon Steel's deal to buy U.S. Steel has "zero chance" of winning government approval amid continued opposition from the United Steel Workers union and "needs to be unraveled," the CEO of rival suitor Cleveland-Cliffs said on Tuesday. Lourenco Goncalves told reporters at the American Iron and Steel Institute's annual meeting that his bid had the full support of the U.S. government, President Joe Biden, a Democrat who wants U.S. Steel to remain American owned, and Republican presidential candidate Donald Trump.
President Joe Biden remains determined to make sure U.S. Steel Corp remains in American hands, the White House said on Thursday. "The president remains determined to make sure that U.S. Steel stays in American hands, as he has said," said spokesperson John Kirby. Three Republican senators wrote to the Democratic president earlier on Thursday, calling on him to use emergency powers to block the sale of the Pittsburgh-based company to Japan's Nippon Steel.