Union Tells Bessent Risks of Nippon Steel Deal Are Too Great

Selling United States Steel Corp. to Nippon Steel Corp. would pose a risk to national security as well as to the entire American steel industry, the United Steelworkers said in a letter to Treasury Secretary Scott Bessent.

The influential union that runs most of the steelmaker’s plants said the risks cannot be overcome in any scenario in which Nippon Steel exercises influence over US Steel’s decision-making. The union called the Japanese firm a “serial unfair trader” and said it contributes to global overcapacity, echoing President Donald Trump’s often-used tough-on-trade rhetoric.