‘An uncertain future’: Northwest Indiana, steel industry react as Biden blocks U.S. Steel deal

More than one year after a potential purchase of U.S. Steel was announced, President Joe Biden has officially blocked the deal. “It is my solemn responsibility as President to ensure that, now and long into the future, America has a strong domestically owned and operated steel industry that can continue to power our national sources of strength at home and abroad,” Biden said in a statement, “and it is a fulfillment of that responsibility to block foreign ownership of this vital American company. U.S. Steel will remain a proud American company — one that’s American-owned, American-operated, by American union steelworkers […]