Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Strategies & Market Trends : World Outlook -- Ignore unavailable to you. Want to Upgrade?

To: Les H who wrote (43513)	9/10/2024 5:53:44 PM
From: Les H	Read Replies (1) \| Respond to of 51246

The government's growing concern over a potential US Steel takeover Japan's largest steelmaker, Nippon Steel, is attempting to buy the company Biden could not officially halt the deal until receiving a recommendation to do so from the Committee on Foreign Investment in the U.S. (CFIUS). But it appears this recommendation is looming, as the committee believes that the deal "would create national security risks because it could hurt the supply of steel needed for critical transportation, construction and agriculture projects," said Reuters. CFIUS also "cited a global glut of cheap Chinese steel and said that under Nippon, a Japanese company, U.S. Steel would be less likely to seek tariffs on foreign steel importers." theweek.com