US Steelworkers' union criticizes Nippon Steel's proposal for lack of long-term commitment

The United Steelworkers union has raised concerns over Nippon Steel's proposal to acquire U.S. Steel, citing lack of commitment to sustaining long-term production or enhancing domestic capacity. The proposal grants the U.S. government veto power over potential production cuts. President Biden has until Jan. 7 to approve or block the deal.