Nippon Steel sets sights on a growing overseas market in its bid to acquire U.S. Steel

if u,s. steel had any potential, other larger, more competitive domestic steel companies would be lining up. and so would investors.

the stockholders voted to sell.

it’s all just self serving flag waving by politicians. they couldn’t care less about the workers, their families and secondary economics that benefit from the company.

Nippon Steel is promising to “preserve the legacy” of U.S. Steel and protect jobs, pensions and benefits, pledging that there will be no layoffs or plant closures.

Sounds like a good deal. Are there any US investors able to promise the same? No.

Hopefully they will get the deal done soon. Otherwise, US Steel will cease to exist and jobs will go permanently. If any American investors were interested in acquiring it, they'd have done so years ago.

Nippon Steel should stop thinking in terms of profit, dumping cheap Chinese made steel from its steelworks in China to the US, and start thinking more in security terms.

There is very little chance that they will be successful and frankly it’s so similar to overseas businesses trying to buy anything in Japan. The amount of resistance until the party just gives up.

Omg we’re still talking about this??? Let the deal pass and stop with the cute politics and trumptards whining. Business is business and numbers talk.

Take Japan's lifesaver before drown..

As if the Japanese would let such a deal go ahead if the roles were reversed.

The US should swallow their pride and accept the deal. It's only going to get harder to compete.

Any surprise PM Ishiba couldn't get a Trump meeting? This deal = how to damage US relations. NS should just set up a US based JV with USS in order to avoid tariffs etc. The political fallout is not worth it.

Japan is sinking fast and seemingly desperate as this M&A was ill conceived given the US elections, no candidate could afford support it.

PM Ishiba trolling around, trying to push deal thru with Biden Admin, even though Biden expressed opposition = bad judgment. PM Ishiba = dead man walking.