Nippon Steel hopes to finish U.S. Steel buyout by year-end

Excellent news. Hopefully Nippon Steel can finalise the deal ASAP.

Thousands of jobs will be guaranteed and the industry will be modernised - and saved - in America. This will mean far less future reliance on Chinese and Indian-made steel.

Wait what Trump will say about this deal, Good luck!

it’s a stupidly bad deal for nippon steel now. stockholders should get rid of the senior leadership. they shouldn’t be fixated on it.

the acquisition cost is too high.

the investment required to modernize us steel is too high.

the stupid deal is if the acquisition goes through, then either president waves a hand and blocks it, nippon steel has to pay us steel $570 million.

gee, us steel says let’s take that deal and us steel makes 5 x as much money as it made last year and nippon steel looks like idiots.

Wait what Trump will say about this deal

He says just nothing, because he is still only a usual citizen until January and not involved. What do you think why they hastily try to fix the deal already by year-end? lol

A lot of things will need to be finished by the end of the year or become impossible the next one, from transnational deals to family plans and maybe even medical treatments.

Hopefully "the Donald" does not get his say or in the way to block this deal. Japan is one of America's better friends in Asia. We need friends and who better than Japan. They have proved that in US/Nihon joint ventures

The j government should allow the sale of 7-11 then

Excellent news. Hopefully Nippon Steel can finalise the deal ASAP.

This will never happen now that TRUMP will make America great again!

@Sven Asai

He says just nothing, because he is still only a usual citizen until January and not involved. What do you think why they hastily try to fix the deal already by year-end? lol

He is president elect, and what he said can influence the acquisition. People who involved in acquisition can choose to ignore, however that's not a recommended action.

it’s a stupidly bad deal for nippon steel now. stockholders should get rid of the senior leadership. they shouldn’t be fixated on it.

US Steel is one of two firms that produce over 90% of the rolled steel sheet used by the US auto industry to make bodies and suspension components. It is a very valuable business that will become even more valuable if there are higher tariffs on imported steel products.

i think they can build cheaper. they already have smaller, high efficiency plants in the u.s.

they were looking to supply japanese carmakers in the u.s.

cleveland cliffs is a big supplier to the automakers.

german companies want german steel

korean companies want korean steel

japanese companies want japanese steel.

nucor’s plastic coated steel may knock them all out.

we’ll see.