Skip to content
Political

Esmark, Inc. and Esmark Steel Group Reaffirms Support for U.S. Steel Merger by Nippon Steel

Esmark, Inc. 3 mins read

Bouchard: “This merger is a game-changer for the steel industry”


SEWICKLEY, Pa. & CHICAGO HEIGHTS, Ill. & INDIAN ROCKS BEACH, Fla.--BUSINESS WIRE--

Esmark, Inc. and Esmark Steel Group today reaffirmed their support for the proposed merger between U.S. Steel and Nippon Steel and urges the Trump administration to revisit this alliance. The proposed merger is positioned to bring significant benefits to the combined company’s workers, strengthened U.S. national security, as well as bolstering America’s status in the international steel industry.

The merger will create a formidable force in the steel industry, capable of competing with global players and addressing the challenges posed by Chinese steel exports. By leveraging Nippon Steel's advanced technology and U.S. Steel's extensive market presence, the combined entity will set new standards for quality in steel production, enabling the combined organization to grow for the benefit of its employees, including its United Steelworkers (USW) union members, and the communities in which it operates.

"This merger is a game-changer for the steel industry. It brings together the best of both worlds – Nippon Steel's cutting-edge technology and U.S. Steel's deep-rooted market expertise,” said James P. Bouchard, Founder and Chairman of Esmark, Inc. “The combined entity will both strengthen America's steel industry and create new opportunities for growth and development in the Pittsburgh area and beyond. Nippon Steel has shown that it would address concerns to keep production in the United States while employing advanced environmental technologies to reduce carbon emissions. A deal can be done here consistent with America First principles; and we urge the Trump administration to take a fresh look at the merger.”

Esmark strongly believes the Pittsburgh area, particularly the Mon Valley, stand to gain immensely from this merger. Nippon Steel has committed to investing no less than $1 billion in the Mon Valley Works and approximately $300 million in Gary Works as part of the $2.7 billion committed to revitalizing these facilities and surrounding communities1. This investment will create jobs, stimulate the local economies and support the growth of small businesses in the region.

The merger between U. S. Steel and Nippon Steel will help the United States maintain its competitive edge in the global steel market and protect national security interests by ensuring a steady supply of high-quality steel,” said Roberto Alvarez, CEO of Esmark Steel Group. “The merger will bolster the American steel industry by combining the strengths of these two industry giants. As a metal service center, we can expect enhanced innovation, increased production efficiency and a more reliable supply chain.”

About Esmark Steel Group

Esmark Steel Group, a wholly owned subsidiary of Esmark, Inc., is one of the United States’ leading processors and distributors of value-added flat-rolled steel and its affiliate is the third-largest U.S. producer of tin plate steel. We offer the products, services and innovations to help our customers gain and sustain the competitive edge in their industries. www.esmarksteelgroup.com

About Esmark, Inc.

Esmark, Inc. is a diversified, privately-held family company with a portfolio of industrial companies with strong roots in the steel industry. Over the years, Esmark has diversified its interests and operations into a number of businesses engaged in the industrial and commodity sectors. Esmark (a former publicly traded company on NASDAQ: ESMK) has focused on several key industries including steel services, oil and gas exploration, aviation, real estate, professional services, technology and youth sports development. The company is also an active corporate citizen in the communities it serves, having committed more than $10 million in philanthropic support of a wide range of humanitarian, education, family wellness and youth sports programs in Pennsylvania, Illinois and internationally. www.esmark.com

1 https://investors.ussteel.com/news-events/news-releases/detail/709/nippon-steel-and-u-s-steel-file-multiple-lawsuits-in


Contact details:

Media:
Katie Regan
Director of Communications
Esmark, Inc.
katie.regan@esmark.com

Media

More from this category

  • General News, Political
  • 14/02/2025
  • 17:14
Ahmadiyya Muslim Community Perth

Ahmadiyya Muslim Community WA Denounces Antisemitic Remarks by Sydney Nurses: “We Stand for Compassion, Not Hate”

FOR IMMEDIATE RELEASEDate: Friday, 14th Feb 2025 The Ahmadiyya Muslim Community of Western Australia (WA) vehemently condemns the antisemitic remarks made by two Sydney…

  • Contains:
  • Indigenous, Political
  • 14/02/2025
  • 11:17
Independent Education Union - Queensland and Northern Territory (IEU-QNT)

Education union condemns shameful NT government decision to scrap Treaty process

The union representing teachers and support staff in Queensland and Northern Territory non-government schools has condemned the Northern Territory government’s decision to axe plans to negotiate a Treaty with First Nations Peoples.It comes as the most recent Commonwealth Closing the Gap Annual Report (2024) indicates only five of 19 key Closing the Gap targets are on track to be met.Independent Education Union – Queensland and Northern Territory (IEU-QNT) Branch Secretary Terry Burke said the decision undid seven years of meaningful progress and undermined considerable reconciliation efforts.“The decision is shameful but unsurprising and characteristic of a government not fully committed to…

  • Political
  • 14/02/2025
  • 10:11
Motorola Solutions

Victorian Government Extends Investment in Resilient Land Mobile Radio Communications with Motorola Solutions

10-year contract extension expands coverage and capabilities to support first responders and community safety across the state MELBOURNE, Australia--BUSINESS WIRE-- The Victorian government has signed a 10-year, AUD $500 million (USD ~$330 million) contract with Motorola Solutions to maintain and enhance the Metropolitan Mobile Radio network (MMR) relied upon by the state’s emergency services. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250213334367/en/Victoria Police are among public safety agencies to benefit from the MMR network's trusted radio communications over the next decade. Photo credit: Motorola Solutions The contract with the Department of Justice and Community Safety will extend…

  • Contains:

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.