Goughnour lauds investment in local steel industry

Rep. Dan Goughnour June 20, 2025 | 1:29 PM

HARRISBURG, June 20 – State Rep. Dan Goughnour, D-Allegheny, lauded the significant investment that Japan’s Nippon Steel will make in the Mon Valley under its newly finalized pact with U.S. Steel which will keep the company’s footprint in Pittsburgh.

“Good-paying local jobs are the backbone of our area,” Goughnour said. “This deal ensures that those jobs are secure and that the local economy will continue to benefit from the company’s investment in steel-making in the Mon Valley.”

The deal finalizing Nippon’s $14.9 billion takeover of U.S. Steel calls for Nippon to invest $11 billion in U.S. Steel facilities through 2028. It also gives the U.S. president power to veto major business decisions.

Most U.S. Steel employees will also receive a $5,000 closing bonus from Nippon.

Nippon has also committed to keeping U.S. Steel headquartered in Pittsburgh, maintaining production totals that meet domestic demand, and appointing American citizens to high-ranking management positions and a majority of board seats.

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