pelespirit@sh.itjust.works to World News@lemmy.worldEnglish · 11 months agoJapan's Nippon Steel to acquire U.S. Steel for $14.9 billionwww.reuters.comexternal-linkmessage-square14fedilinkarrow-up1147arrow-down12
arrow-up1145arrow-down1external-linkJapan's Nippon Steel to acquire U.S. Steel for $14.9 billionwww.reuters.compelespirit@sh.itjust.works to World News@lemmy.worldEnglish · 11 months agomessage-square14fedilink
minus-squareAndy@slrpnk.netlinkfedilinkEnglisharrow-up10arrow-down1·11 months agoBoth good questions. It seems anti competitive, too. Won’t this merger give Nippon Steel too much price setting power?
minus-squareSkyezOpen@lemmy.worldlinkfedilinkEnglisharrow-up6·11 months agoThe 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.
minus-squareSeaJ@lemm.eelinkfedilinkEnglisharrow-up2·11 months agoNo. 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.
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.