Do you think Nippon Steel's offer to buy U.S. Steel poses a national security risk to the United States, as U.S. opponents to the deal claim?

It's a security risk not to allow it. The whole sham is being driven by populist politics and a corrupt steel company (and their paid politicians) called Cleveland-Cliffs that is offering less than half what Nippon Steel is offering so they can have a US monopoly - one that will be uncompetitive in the global market.

Japan is one of the USA's staunchest allies. A security risk? What a joke. Another sign of the declining US.

@commanteer spot on !

I think it could be an economical risk for Nippon Steel but they should know better than me.

USS have two choices.

or to be sold to japanese/or some other unknown investor/

or close for good.

They have only 6% of the market. I agree with Wasabi it is also not iin the economic interests of Nippon Steel but will be just a bald eagle in the room.

USS have two choices.

to be sold to japanese/or some other unknown investor/ or close for good.

It is three choices

Wasabi

4?

EastmannToday 11:29 am JST

USS have two choices.

or to be sold to japanese/or some other unknown investor/

or close for good.

Is commenting on countries that aren't failing what Russians have left to do these days?

I thought Americans were all about the free market and no govt intervention.

Jobs.

Steel is a strategically valuable product and most governments have been subsidising the industry for decades while also selling surplus at dumping prices to break competitors.

Besides that, the management skills and the domestic knowledge of the Japanese managers will be far inferior to that of the US managers now. As usual the Japanese will also overpay.

Jaian will heavily support this investment and that alone should be enough to stop it.

It's not a security benefit, that is for sure. As others have said, though, if nobody else is willing to revitalize it, Japanese ownership may be better than nothing. Just make sure reducing headcount in the US is impossible.

quote: I thought Americans were all about the free market and no govt intervention.

If it wasn't an election year nobody would have cared. In general, Japanese corporations typically overpay for foreign companies. I hope their due diligence was thorough.

If a war breaks out, the US probably wants to control all the steel operations. And there's always a war.

Japan is virtually the US 51st state, what risk ?

If the US government really cares, they'd nationalize it, instead of bailing it every 4 years for voting points. Harris said "American company, under American, for Americans", LOL, what a joke. Since when did American corporatism care about Americans ?

I'm willing to bet, Boeing and Intel are next in the list of companies bailed every 4 years for voting points.

No, it's of course not a threat, in contrary. If those both companies wouldn't somehow cooperate on this merger, then all their both jobs will be lost and the market share is taken over by Indian or Chinese steelmakers. Better consider it a very last chance instead of a national threat.

Opposition to the sale, regardless of who says it, is only to garner local Penn votes. In reality, a US Steel/Nippon Steel merger is the only viable way to prevent US Steel from being wiped out of existence by Chinese competition. And therefore strategically the best course of action for the United States in the long run.

No. If it was North Korea or China, then it would be a very different answer. Japan is a friend and ally. Besides, in the name of national security, US Steel could always be confiscated if Japan turned hostile towards US interests, couldn't it?

Definitely NOT a security risk.

US Steel will fold ultimately - taking all the connected jobs with it - unless the Nippon Steel offer is approved. Under Japanese management, US steelmakers could modernise, save jobs - and would be able to compete.

"We dun hurr got our strap-on buried haft to hilt in the spread cheekz o' Japan a la SOFA an' makin' em pay fer the priv'lij of ar' ignorin' dur lawz... if they dun buy out our steel comp'ny they can't be trust'd. Nope. Bad. Dey might do unto others."

After the 7-11 announcement, yes. Yes I do. I hope that the US Steel deal falls through, just to spite the J-Govt.

Jpn modernised the disastrous UK car manufacturing industry decades ago, Nissan has now been granted significant UK gov enticements to replace T's home nation retreat (to ensure teeside tradesmen employment)

US steel is in decline, US eyes are closed... maybe jpn gov should close eyes! Dey US not u'stand any asians,

Look this all about moving the steelworks out of the USA into India. As soon has the garrentee period is over the plants will close down and the blast furaces will be mothball and moved them to India. No way some fool will fork out billion to start up a new plant in the USA and be undercut by Nippon Steels cheaper steel.

Depends.

We DO NOT know the conditions of the transaction. We have zero knowledge of what negotiations have been done and what are the Pros and Cons. We do not know any transaction details.

Unless we have those, we cannot say if is good or bad.