McCormick said there could be a "golden share" which means the USS board of directors will always be US controlled.
https://www.post-gazette.com/business/powersource/2025/05/27/golden-share-us-steel-nippon-mccormick/stories/202505270056
A broken clock is right twice a day. This is one of those times for Trump. Approving the sale to Nippon was the correct thing to do. Cleveland Cliffs, the Ohio-based steelmaker, also made an offer for USS, but was outbid by Nippon. Since then Cleveland Cliffs has focused its energy on torpedoing Nippon's offering. They got at least some USW leadership and members to oppose the Nippon deal even though Nippon would actually save USW jobs, but the USW union opposition ginned up by Cleveland Cliffs was a major reason Biden rejected the sale to Nippon.
Cleveland Cliffs recently closed two of its steelmaking plants and likely would have done the same to USS Clairton works rather than invest in it. And, had the Nippon deal not been approved, the Clairton works would have limped along until USS, too, would have closed it. As it is now, Nippon will upgrade and modernize the plant which will help stabalize the small towns nearby that depend on the jobs and taxes generated by the plant.
On a political note, Biden rejected the deal, but Harris could have said she'd accept it. (Remember during the campaign Trump also said he'd reject the Nippon sale.) Imho, it's possible that alone might have won her enough votes in the Mon Valley to have won the state.
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