US Steel, once the world’s largest corporation, agrees to sell itself to a Japanese company | CNN Business
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US Steel has agreed to be bought by NIppon Steel, Japan’s largest steelmaker, in a $14.1 billion deal.
  • gravitas_deficiency@sh.itjust.worksEnglish
    21·
    11 months ago

    I realize Japan is a close ally and all, but this shouldn’t be allowed to happen. Metallurgy and metal production expertise is a domain that the US needs to maintain full capability in, if for no other reason than national security (and there are a TON of other very good reasons).

    • Guido Mancipioni@lemmy.worldEnglish
      01·
      11 months ago

      It really is confusing. Last i knew we were spending billions to upgrade our ship building capacity, defense production infrastructure, and bringing home our manufacturing base to make our supply chains more resilient. This goes the opposite direction, so i don’t know how we’re letting this go down.

      Maybe they plan to keep manufacturing in the US just under Nippon leadership?