pelespirit@sh.itjust.works to World News@lemmy.worldEnglish · 1 year 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 · 1 year agomessage-square14fedilink
minus-squareAndy@slrpnk.netlinkfedilinkEnglisharrow-up10arrow-down1·1 year agoBoth good questions. It seems anti competitive, too. Won’t this merger give Nippon Steel too much price setting power?
minus-squareSkyezOpen@lemmy.worldlinkfedilinkEnglisharrow-up6·1 year 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-up2·1 year 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.