USW Says Ancora Aims to Sell Mills to Fund US Steel Revival (1)

The United Steelworkers said an activist investor wants to sell United States Steel Corp.’s state-of-the-art mills to fund sweeping upgrades of union-run facilities that date back to the days of Andrew Carnegie.

US Steel, meanwhile, ratcheted up its criticism of the investor, Ancora Holdings Group,as the American steelmaker pursues completing its $14.1 billion deal with Nippon Steel Corp. before the agreement expires in mid-June.

USW President Dave McCall and District 7 Director Mike Millsap wrote in a letter to members that it is scrutinizing Ancora’s plans, and reiterated its opposition to the US Steel-Nippon Steel combination. Ancora, which ...