Yet USW ended 2025 with more than $1.6 billion in net assets. The union spent $70.1 million on union employees and $9.6 million on political activities and lobbying compared with just $6.5 million in strike benefits. AdvertisementIn 2025, USW held two significant strikes. The terms were strong, as Nippon’s offer included $2.7 billion in capital investment earmarked specifically for USW facilities. In September 2025, USW, Nippon Steel, U.S. Steel, and Cleveland-Cliffs settled their outstanding disputes, with a lawsuit against USW President David McCall dismissed and an unfair labor practice charge the union had filed against U.S. Steel withdrawn.