US Steel, once the world’s largest corporation, agrees to sell itself to a Japanese company | CNN Business
www.cnn.com
US Steel has agreed to be bought by NIppon Steel, Japan’s largest steelmaker, in a $14.1 billion deal.
  • 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?