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U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

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11–20 of 114 posts

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#11
post #3

Where are the subsidies for US Steel? This seems like a critical input for national defense and industry. Even though the Japanese are allies, we should always have a domestic iron in the fire.

US Steel isn’t even the biggest steel producer in the USA. That would be Nucor.

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#13
post #4

Crazy that congress is fighting over ownership of TikTok, but letting a critical piece of US manufacturing be foreign owned with hardly a word.

I think the critical difference is that Japan is an ally and China is not.

For now?

I am pretty sure that at one point China was an ally and Japan an enemy. I think.

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#15
post #13
post #4

Earlier quoted context omitted.

I think the critical difference is that Japan is an ally and China is not.

For now? I am pretty sure that at one point China was an ally and Japan an enemy. I think.

And I’m pretty sure if Japan became adversarial, there would be a breakup triggered on national security concerns.

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#16
post #13
post #4

Earlier quoted context omitted.

I think the critical difference is that Japan is an ally and China is not.

For now? I am pretty sure that at one point China was an ally and Japan an enemy. I think.

For the last 80 years.

Things will probably change someday, but not anytime soon.

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#17
post #13
post #4

Earlier quoted context omitted.

I think the critical difference is that Japan is an ally and China is not.

For now? I am pretty sure that at one point China was an ally and Japan an enemy. I think.

In the 80s and 90s there was a lot of hostility to Japan, because they looked like they might surpass us economically. They were even the villain of some Tom Clancy books.

Now, the fear/hate is aimed at China, same reason.

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#18
One of the driving forces in steel making is high capital cost which drives the need to keep operating at full capacity, driving prices to margin.

There are not many industries like that anymore - steel still is, oil, and some industrial chemicals. But even Pharma has slightly different cost structures.

The big remining one is chip making - I wonder if “data centres” counts too?

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#19
post #17
post #13

Earlier quoted context omitted.

For now? I am pretty sure that at one point China was an ally and Japan an enemy. I think.

In the 80s and 90s there was a lot of hostility to Japan, because they looked like they might surpass us economically. They were even the villain of some Tom Clancy books. Now, the fear/hate is aimed at China, same reason.

There's more reason than that for Western hostility to China, not least of which is that it is an authoritarian regime with aggressive expansionist goals.

Let's also not forget the reciprocity of the hostilities.

Re: U.S. Steel Shareholders Approve Sale to Japan's Nippon Steel

#20
post #13
post #4

Earlier quoted context omitted.

I think the critical difference is that Japan is an ally and China is not.

For now? I am pretty sure that at one point China was an ally and Japan an enemy. I think.

China has never been a western ally
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