Posted on 04/07/2025 12:27:06 PM PDT by ChicagoConservative27
President Trump on Monday directed a powerful US national security panel to take a fresh look at Nippon Steel’s bid for US Steel to help determine if “further action” is appropriate, raising hopes for an elusive greenlight for the deal.
“I direct the Committee on Foreign Investment in the United States…to conduct a review of the acquisition of U.S. Steel by (Nippon Steel) to assist me in determining whether further action in this matter may be appropriate,” the memo reads.
US Steel did not respond to requests for comment. Nippon Steel said it was “pleased” by the news. “We have been confident from the outset that an objective, fact-based review of our proposed partnership with U.S. Steel will show that it strengthens American economic and national security,” it said.
(Excerpt) Read more at nypost.com ...
You need NEW media outlets if you want the “suppressed” news.
I deal in scrap metals. the market has been up a bit for the past 4 weeks. I suspect this will help it more.
No complaints from me :)
Mike, we’re bigger than Nippon Steel.
“We”?
For the past eight years scrap from my shop isn’t worth driving it to the scrapper and the guys that use to pick it up don’t even want it. (Aluminum chips were 5 to 8 cents a pound) it all went in the trash. I will have to check.
We make the bulk of our money selling used cars and auto parts. But once a car is picked over or a core has no value to the core buyer it’s sent it for scrap.
Car bodies in the middle of MN are worth about 150 each (130 a newton ton)
“ I let it go. And I said to myself, this is the business we’ve chosen; I didn’t ask who gave the order, because it had nothing to do with business! “
U.S. Steel has crap management. I worked for a company that bought a lot of steel. When Trump threw them a lifeline with steel tariffs in his first administration, they responded by raising their prices. Nippon Steel acquisition is about the only thing that can keep U.S. Steel from shedding more market share to China.
We cannot afford to lose our entire domestic integrated steelmaking capability.
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