Vulnerable Steel-State Democrats Press Biden to Stop Nippon Deal.

Two steel-state Democrats, Senator Sherrod Brown of Ohio and Senator Bob Casey of Pennsylvania, are urging President Joe Biden to take action to prevent the proposed acquisition of United States Steel Corp. by Japan-based Nippon Steel Corp. Biden has publicly opposed the takeover and emphasized the importance of American ownership. The Biden administration is subjecting the deal to a secretive national security review process, typically reserved for businesses involving adversarial nations. The US Justice Department has also opened an extended antitrust investigation into the takeover, potentially delaying the deal. The senators are concerned about the impact on American jobs and are appealing to industrial workers in their reelection campaigns. Nippon Steel argues that the deal will make the American steel industry more competitive, while Republican Senator Todd Young sees potential benefits for his home state of Indiana. [Extracted from the article]