Posted on 12/18/2023 9:56:51 AM PST by Abathar
Not even close, they were a smaller player in the market. And their main product is hot-rolled.
They already announced all union contracts will be honored.
My clients owned 20,000 shares, that’s part of your answer (retail broker)
It still will be domestic, the4y aren’t going to pack it up and move it to Tokyo . . .
What a genius you are . . . the plants aren’t moving anywhere
Another genius
The plants aren’t going anywhere
Wow! me too. But I worked for J&L, Pittsburgh Hazelwood plant. I was a fireman at the ingot mold foundry. After I built the fires in the ovens, I could study - I was a Junior at Pitt then.
Past tense?
Yes, I have at age 65
No one buys a company for $14 billion to shut it down or move it. USS supplies a lot of the hot rolled steel for the auto manufacturers. Since Japan’s car companies manufacture all over America, there’s no need to do anything different.
Hope that isn’t over your head as a simple explanation.
Yep, sold on the opening. My clients are VERY HAPPY today.
And so am I! Lobster tonight . . .
The auto plants in Alabama will need lots of steel if somehow we can get Trump back in the White Hut.
When I worked in a machine shop several years ago, we bought our castings from foundries in America, with American steel and cast iron. We then started buying them from Chinese foundries. They were horrible, filled with porosity and far less tensile strength. The problem was you didn’t know it until you started to machine them and found the problem. Had to start x-raying every casting. Approximately 25% of them had foundry defects. I tried to tell management, but they wouldn’t listen. How’d that work out for you Phil?
Foreign companies often buy up competitors only to shut them down. The Koreans are most likely interested in acquiring the customers and markets that US steel currently serves, not the production facilities. You're obviously an economic naïf, a business moron.
$14 billion to shut it down? LOL
And its a Japanese company, not Korean. Get that right at least.
They will be supplying the auto industry for decades to come. What a fucking moron you are.
You are a pole dancing, free traitor whore :)
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