World News@lemmy.worldEnglish · 11 months ago

Japan's Nippon Steel to acquire U.S. Steel for $14.9 billion

www.reuters.com

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Japan's Nippon Steel to acquire U.S. Steel for $14.9 billion

www.reuters.com

World News@lemmy.worldEnglish · 11 months ago

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Andy@slrpnk.net
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11 months ago
Both good questions.

It seems anti competitive, too. Won’t this merger give Nippon Steel too much price setting power?
- SkyezOpen@lemmy.world
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  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.
- SeaJ@lemm.ee
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  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.

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