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re: America is for sale: Japan buys US Steel
Posted on 12/18/23 at 1:17 pm to FlexDawg
Posted on 12/18/23 at 1:17 pm to FlexDawg
Steel is my line of work. If we are discussing high end stuff, items used in pressure vessels, corrosive and/or hot environments, US Steel is obsolete anyway.
The United States has been very far behind other nations for a long time in the steel industry. Up until recently, even the high quality steel domestically produced was foreign owned by ArcelorMittal. In 2020 AM US assets were acquired by Cleveland Cliffs. Nucor doesn’t have the capability of producing steel that meets many specifications of large O&G companies outside of just general carbon steel grades.
It’s unfortunate, but Nippon buying out US Steel will probably be a great thing for domestic capabilities.
Don’t shoot the messenger
The United States has been very far behind other nations for a long time in the steel industry. Up until recently, even the high quality steel domestically produced was foreign owned by ArcelorMittal. In 2020 AM US assets were acquired by Cleveland Cliffs. Nucor doesn’t have the capability of producing steel that meets many specifications of large O&G companies outside of just general carbon steel grades.
It’s unfortunate, but Nippon buying out US Steel will probably be a great thing for domestic capabilities.
Don’t shoot the messenger
2
Posted on 12/18/23 at 4:52 pm to Kang of Memphissippi
quote:
It’s unfortunate, but Nippon buying out US Steel will probably be a great thing for domestic capabilities.
Mad respect. I'm not in steel but factory / power plant maintenance management across a few different industries.
The Japanese have always had more sound manufacturing execution than us. We rejected Deming and they took notes.
I'd say from an operational standpoint, having a no-nonsense Japanese culture take over almost any American one is going to improve performance. I'm not talking about all types of work, but focusing on anything involving heavy capital, manufacturing, etc.
It shouldn't be this way, but this is where we are. The MBA's / non technical fuccbois run things in American industrial companies and it shows.
This post was edited on 12/18/23 at 4:55 pm
Posted on 12/18/23 at 6:30 pm to Kang of Memphissippi
quote:
. If we are discussing high end stuff, items used in pressure vessels, corrosive and/or hot environments, US Steel is obsolete anyway.
It's not that they can't make it there's not enough volume to bother.
Us Steel stuck all there eggs in appliance, automotive and octg and are very competitive in all categories.
In other words it's not that can't make it they choose not too.
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