pelespirit@sh.itjust.works to World News@lemmy.worldEnglish · 2 年前Japan'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 · 2 年前message-square14fedilink
minus-squareAndy@slrpnk.netlinkfedilinkEnglisharrow-up10arrow-down1·2 年前Both 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 年前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.
minus-squareSeaJ@lemm.eelinkfedilinkEnglisharrow-up2·2 年前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.
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.