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This is a sad day in the history of US industrialization and dominance.
Agree!
This is a very bad idea. Steel is never more important to us than in war time. To let any foreign country own a major producer our steel supply is strategic insanity. Do we now give security clearance to Japanese executives to produce our secret military machinery and missiles? U.S. Steel should be ashamed of themselves. America is what gave them life and profits, but it appears patriotism takes a distant second place to profits. .
Capitalism baby!
Maybe an American company should overpay for it instead? Your argument is that AS should be forced by the government to sell domestically for less money?
Shareholder Value > National Security
Considering everything else that’s taken a distant second place to profits, why should patriotism be any different?
Sad. U.S. steel no longer owned by the U.S. Founded by some of the countries most iconic business titans, and founded the city of Gary, plus inspiring the identity of an NFL team and city of Pittsburgh. What are the national security implications? At least it’s not Chinese steel? *shrug*
So how many plants will close and workers laid of do to the sale. The only ones who benefit are shareholders.