USW Union Says Nippon Steel’s ‘Hail Mary’ Offer Lacks Commitment

The United Steelworkers union said Nippon Steel Corp.’s latest offer to win presidential approval of its proposed acquisition of US Steel Corp. is a long-shot attempt that fails to commit to maintaining future production.

The influential union published a statement on its website to its members in response to the latest efforts by Nippon Steel to gain support for its $14.1 billion deal from US President Joe Biden. The Japanese steelmaker has proposed giving the US government a veto over any reduction in US Steel’s production capacity, Bloomberg News reported this week.

“According to the press, Nippon says it ...