pelespirit@sh.itjust.works to World News@lemmy.worldEnglish · 2 years agoJapan's Nippon Steel to acquire U.S. Steel for $14.9 billionwww.reuters.comexternal-linkmessage-square14fedilinkarrow-up1147arrow-down13
arrow-up1144arrow-down1external-linkJapan's Nippon Steel to acquire U.S. Steel for $14.9 billionwww.reuters.compelespirit@sh.itjust.works to World News@lemmy.worldEnglish · 2 years agomessage-square14fedilink
minus-squareAndy@slrpnk.netlinkfedilinkEnglisharrow-up10arrow-down1·2 years agoBoth good questions. It seems anti competitive, too. Won’t this merger give Nippon Steel too much price setting power?
minus-squareSkyezOpen@lemmy.worldlinkfedilinkEnglisharrow-up6·2 years 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-up2·2 years 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.