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Started By
Message
America is for sale: Japan buys US Steel
Posted on 12/18/23 at 12:23 pm
Posted on 12/18/23 at 12:23 pm
22
Posted on 12/18/23 at 12:28 pm to FlexDawg
Yes, actually
Posted on 12/18/23 at 12:30 pm to FlexDawg
His FTC would have had a lot of stipulations though
Posted on 12/18/23 at 12:30 pm to FlexDawg
Still amazed it wasn’t China.
I’m perplexed.
I’m perplexed.
Posted on 12/18/23 at 12:32 pm to FlexDawg
Being bigger than US Steel doesn’t have the cache it used to, does it Hyman Roth?
Posted on 12/18/23 at 12:32 pm to FlexDawg
Posted on 12/18/23 at 12:32 pm to jrobic4
quote:
Yes, actually
Posted on 12/18/23 at 12:34 pm to teke184
quote:
Being bigger than US Steel doesn’t have the cache it used to, does it Hyman Roth?
It hasn't in a while. Nucor > US Steel. Still, crazy to see US Steel under foreign ownership.
Posted on 12/18/23 at 12:35 pm to FlexDawg
America has always been for sale.
Well .... at least since our beloved South lost the War of Northern Aggression.
Well .... at least since our beloved South lost the War of Northern Aggression.
Posted on 12/18/23 at 12:36 pm to FlexDawg
So Trump would have forced YS Steel to sell to someone else? He would have bought it himself?
China and foreign countries bought plenty of US assets from 16-20.
China and foreign countries bought plenty of US assets from 16-20.
Posted on 12/18/23 at 12:38 pm to FlexDawg
Lots of companies are bought and sold by foreign entities. Not sure why this is controversial.
Posted on 12/18/23 at 12:40 pm to El Segundo Guy
They paid a ton of money for the new stuff they are making in Osceola.
The above cost US Steel about 3 Billion.
They also opened a line this year that effectively makes them the leader in providing steel for transformer and car battery metals.
I live 20 min from Big River and its insane the amount of investment they've done over there. What started out as a small cold roll plant has turned into the world standard for steel production in just 5 years.
quote:
Construction of BR2 is expected to be completed in 2024, and once complete will be the most advanced steelmaking facility in North America, featuring two EAFs, with a total three million tons per year of advanced steelmaking capability, a state-of-the-art endless casting and rolling line and advanced finishing capabilities. BR2 is expected to operate with up to 70-80% fewer greenhouse gas emissions compared to the traditional integrated steelmaking approach and directly support the Company’s sustainability commitments.
The above cost US Steel about 3 Billion.
They also opened a line this year that effectively makes them the leader in providing steel for transformer and car battery metals.
I live 20 min from Big River and its insane the amount of investment they've done over there. What started out as a small cold roll plant has turned into the world standard for steel production in just 5 years.
This post was edited on 12/18/23 at 12:42 pm
Posted on 12/18/23 at 12:44 pm to FlexDawg
The GOPe has been selling out main street fo 30 years.
Posted on 12/18/23 at 12:47 pm to FlexDawg
Interesting move. Japanese steel production is superior to the U.S. It's because their plants were forced to modernize after we destroyed them all during WWII. America kept trying to fix very old plants and didn't do a very good job.
Posted on 12/18/23 at 1:10 pm to FlexDawg
If one were to browse the US Steel website, one would see they seem as woke as the white house.
Posted on 12/18/23 at 1:11 pm to FlexDawg
Where is IBchinaman stand on this?
Posted on 12/18/23 at 1:13 pm to Zach
quote:
their plants were forced to modernize after we destroyed them all during WWII.
American taxpayer footed the bill for this too.
Posted on 12/18/23 at 1:14 pm to Bjorn Cyborg
quote:
Lots of companies are bought and sold by foreign entities. Not sure why this is controversial.
Perhaps we need to include WW2 propaganda on the difference in Japanese and Chinese people, too.
Posted on 12/18/23 at 1:15 pm to FlexDawg
Japan needs more steel than we do since they actually manufacture things.
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