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Japan's Nippon Steel to acquire U.S. Steel for $14.9 billion
(www.reuters.com)
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this post was submitted on 22 Dec 2023
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The question is, would another country let one of theirs sell to a US company
Both good questions.
It seems anti competitive, too. Won't this merger give Nippon Steel too much price setting power?
The US government doesn't give a flying fuck about domestic monopolies, but maybe a foreign one will be too much.
Eh who am I kidding. nippon steel only fucked up by not buying the politicians beforehand.
No. US Steel is not the largest steel producer in the US. The steel market itself is fairly competitive overall so there is not really any company that has price setting power.