Industry, Security, and Community: Senator David McCormick on the Nippon Steel–U.S. Steel Deal

In May, Nippon Steel finalized the terms of its historic $26 billion partnership with United States Steel. Nippon Steel agreed to make invaluable investments and introduce cutting-edge technology in U.S. Steel’s facilities. By doing so, the partnership will strengthen the American steel industry, help workers and communities, and promote American national and economic security. It is an integral part of the administration’s larger efforts to revitalize American industry. To celebrate this achievement, Hudson Institute’s Japan Chair will welcome the decision-makers and stakeholders who made the deal possible: Senator David McCormick (R-PA) and representatives from Nippon Steel, U.S. Steel, and the Pittsburgh community. First, Senator McCormick and Executive Vice President Joel Scanlon will discuss why the senator supported this partnership, the deal’s significance for Pennsylvanian and American industrial policy, and how it advances US national security and relations with Japan. Then, Japan Chair Deputy Director William Chou will sit down with representatives from both companies and the local community. They will talk about why this deal supports American workers and communities, the major capital and technological investment, and how Nippon Steel’s investment advances American industrial and economic strength.