Local steelworkers, community leaders and economic experts said President Donald Trump’s announcement Friday that a deal was struck between U.S. Steel and Nippon Steel will go down in American history as the most enduring economic “big, beautiful deal” the 47th president has made.

It is a deal robustly supported by the rank-and-file steelworkers from the three plants that make up the Mon Valley Works. The deal is believed to reverse the decline of steel that began under former President Jimmy Carter in the 1970s.

“I am proud to announce that, after much consideration and negotiation, U.S. Steel will REMAIN in America and keep its headquarters in the Great City of Pittsburgh,” said Trump, who had been engaged in intense negotiations over a sale between the iconic American company and Nippon Steel.

“This will be a planned partnership between United States Steel and Nippon Steel … and the largest investment in the history of the Commonwealth of Pennsylvania,” he said.

“I applaud President Trump, Secretary (Scott) Bessent, and other senior administration officials for achieving this huge victory for America and the U.S. Steel Corporation,” said Sen. David McCormick (R-Pa.), who, along with other members of the Pennsylvania delegation, was working with Trump, community stakeholders and the union members of USW Local 2227.

USW Local 2227 President Jack Maskil, Vice President Jason Zugai and safety chairman Gary Picketts, who have all clocked into their jobs at the Irvin Works mill for decades, said they were thrilled and relieved the deal would save not just their jobs but the jobs of men and women in the surrounding communities who will now be able to work here for generations.

A person familiar with the deal said the benefits include $14 billion in capital investment projects at U.S. Steel, with approximately $11 billion of the $14 billion invested by 2028. These are investments that U.S. Steel could not make as a standalone company.

Those new capital investments include $2.2 billion to revitalize the only remaining blast furnace mill in Pittsburgh, $200 million for a new research and development center in Pennsylvania to bring world-leading technology to U.S. Steel, $1 billion invested by 2028 in a new Greenfield steel mill, and $3.1 billion in Indiana to transform the historic Gary Works mill.

There will also be a $3 billion investment in the Arkansas plant, including $1.8 billion for advanced electrical steel production for power grid transformers, $800 million in Minnesota to enhance iron ore mining, and $500 million in Alabama for tubular upgrades to supply American oil and gas dominance.

The investments and technology transfer will protect and create 100,000 jobs in Pennsylvania, according to an independent analysis by Parker Strategy Group. The analysis estimated that the investment would protect 11,400 jobs and create and support 14,000 new jobs, including over 10,200 in construction.

The deal preserves U.S. Steel’s headquarters in the iconic Pittsburgh skyscraper, the tallest building in Appalachia, and the company will maintain its production locations and capacity in the United States. As part of the agreement, American jobs are protected and cannot be offshored.

The deal also guarantees that the majority of U.S. Steel’s board must be U.S. citizens, and key management, including the CEO, will also all be U.S. citizens. The deal outlines that U.S. Steel’s trade actions will be determined solely by U.S. citizens, with oversight from the U.S. government, and free from any interference.

As outlined, the deal will improve domestic supply chains in the trucking and rail industries, increase the production of American automobiles, and boost energy production in the natural gas and coal industries, as well as boost the building of pipelines and power grid transformers.

It’s difficult to overstate just how devastating the demise of the old steel mills was to the region. The economic rug was pulled out from under the area, and this not only affected factory workers but destroyed everything.

McCormick added, “Only Donald Trump could have made this happen, and I’m grateful for him having me, congressman Mike Kelly, Dan Meuser from our Pennsylvania delegation in the Oval Office yesterday to discuss it.”