Exclusive-Rival CEO spread doubt about Nippon Steel deal prospects to Wall Street, documents allege

[summer_in_TX]

1. Seems like he really understands what makes Joe Biden tick.

I was pretty sure he'd nix it myself.

I am fuzzy on stuff I read a few decades ago about this era, but seems like I remember that after WWI the UK and the US both mothballed shipbuilding. Then when WWII rolled around they both had to deal with serious lack of skills and had a great trouble getting needed ships built to deploy for awhile.

It is a national security issue to make sure that our country retains skills. The outsourcing of so much of American manufacturing allowed skills to go out the door as highly skilled machinists were laid off or retired and weren't replaced.

I don't know what Nippon Steel intended or how it might have affected U.S. steel manufacturing trade and the skills that are part of that work. A partial buyout or merger with the American owner retaining a 51 percent ownership was a possible workable compromise, I thought. But I guess not.