Dave McCall, President of the United Steelworkers, joined the America’s Work Force Union Podcast to talk about the sale of U.S. Steel to Nippon Steel and President Biden’s recent comments that cast doubt on the finality of the deal.
The sale of U.S. Steel to Nippon Steel has been controversial since it was first announced. McCall talked about past issues that have created mistrust of Nippon Steel by many American steel manufacturers. McCall then spoke about the potential harm this sale could cause to the supply chain responsible for producing items crucial to the country's defense.
Recently, President Joe Biden said he was opposed to the sale of U.S. Steel and to Nippon Steel. Now, Biden’s comments are raising questions about the finality of the deal, and according to McCall, there is a potential for Cleveland Cliffs, the USW-supported buyer, to reenter into negotiations for the purchase of U.S. Steel.
Finally, McCall outlined more of the problems with the Nippon deal. It included a lack of commitment by Nippon Steel to rebuild American blast furnaces and maintain the ones still in use. There are no current American operations for Nippon Steel in America. Instead, McCall said they operate through a subsidiary named Nippon Steel Company North America, Inc. This operation method creates issues for financial reporting, making it hard to ensure Nippon pays the correct taxes and fees to the government. As the situation evolves, McCall and the USW plan to lead the fight to keep the steel industry operating on American Soil.
To learn more about McCall’s conversation about the U.S. Steel deal, listen to the show above.
America’s Work Force is the only daily labor podcast in the US and has been on the air since 1993, supplying listeners with useful, relevant input into their daily lives through fact-finding features, in-depth interviews, informative news segments and practical consumer reports. America’s Work Force is committed to providing an accessible venue in which America's workers and their families can hear discussion on important, relevant topics such as employment, healthcare, legislative action, labor-management relations, corporate practices, finances, local and national politics, consumer reports and labor issues.
America’s Work Force Union Podcast is brought to you in part by our sponsors: AFL-CIO, American Federation of Government Employees, American Federation of Musicians Local 4, Alliance for American Manufacturing, Anthem Blue Cross Blue Shield, Brotherhood of Maintenance of Way Employes-IBT, Boyd Watterson, Columbus/Central Ohio Building and Construction Trades Council, Communication Workers of America, Mechanical Insulators Labor Management Cooperative Trust, International Association of Heat and Frost Insulators and Allied Workers Local 50, International Federation of Professional and Technical Engineers, International Union of Bricklayers and Allied Crafts, International Union of Painters and Allied Trades District Council 6, Ironworkers Great Lakes District Council, Melwood, The Labor Citizen newspaper, Laborers International Union of North America, The National Labor Office of Blue Cross and Blue Shield, North Coast Area Labor Federation, Ohio Federation of Teachers, United Labor Agency, United Steelworkers.
1 min read
Season 5, Episode 59
U.S. Steel sale in doubt after recent comments from President Biden
Guest Name:
Dave McCall
Guest Website:
usw.org
Guest Social Media:
Facebook
Twitter
YouTube
LinkedIn
Supportive Documents:
Dave McCall, President of the United Steelworkers, joined the America’s Work Force Union Podcast to talk about the sale of U.S. Steel to Nippon Steel and President Biden’s recent comments that cast doubt on the finality of the deal.
The sale of U.S. Steel to Nippon Steel has been controversial since it was first announced. McCall talked about past issues that have created mistrust of Nippon Steel by many American steel manufacturers. McCall then spoke about the potential harm this sale could cause to the supply chain responsible for producing items crucial to the country's defense.
Recently, President Joe Biden said he was opposed to the sale of U.S. Steel and to Nippon Steel. Now, Biden’s comments are raising questions about the finality of the deal, and according to McCall, there is a potential for Cleveland Cliffs, the USW-supported buyer, to reenter into negotiations for the purchase of U.S. Steel.
Finally, McCall outlined more of the problems with the Nippon deal. It included a lack of commitment by Nippon Steel to rebuild American blast furnaces and maintain the ones still in use. There are no current American operations for Nippon Steel in America. Instead, McCall said they operate through a subsidiary named Nippon Steel Company North America, Inc. This operation method creates issues for financial reporting, making it hard to ensure Nippon pays the correct taxes and fees to the government. As the situation evolves, McCall and the USW plan to lead the fight to keep the steel industry operating on American Soil.
To learn more about McCall’s conversation about the U.S. Steel deal, listen to the show above.
America’s Work Force is the only daily labor podcast in the US and has been on the air since 1993, supplying listeners with useful, relevant input into their daily lives through fact-finding features, in-depth interviews, informative news segments and practical consumer reports. America’s Work Force is committed to providing an accessible venue in which America's workers and their families can hear discussion on important, relevant topics such as employment, healthcare, legislative action, labor-management relations, corporate practices, finances, local and national politics, consumer reports and labor issues.
America’s Work Force Union Podcast is brought to you in part by our sponsors: AFL-CIO, American Federation of Government Employees, American Federation of Musicians Local 4, Alliance for American Manufacturing, Anthem Blue Cross Blue Shield, Brotherhood of Maintenance of Way Employes-IBT, Boyd Watterson, Columbus/Central Ohio Building and Construction Trades Council, Communication Workers of America, Mechanical Insulators Labor Management Cooperative Trust, International Association of Heat and Frost Insulators and Allied Workers Local 50, International Federation of Professional and Technical Engineers, International Union of Bricklayers and Allied Crafts, International Union of Painters and Allied Trades District Council 6, Ironworkers Great Lakes District Council, Melwood, The Labor Citizen newspaper, Laborers International Union of North America, The National Labor Office of Blue Cross and Blue Shield, North Coast Area Labor Federation, Ohio Federation of Teachers, United Labor Agency, United Steelworkers.
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