News for hackers. Stuff that matters.

A comment on US Steel, once the largest corporation, agrees to sell to Nippon Steel. Parent comment

Re:US Steel, once the largest corporation, agrees to sell to... by Aunche on Monday December 18, 2023 @11:09AM (#38684374)
The Reuters article is just a history of Chinese steel production. It doesn't support anything you said. According to the CNN article, Nucor, an American non-unionized American company, is successfully utilizing mini-mills.

> One pioneer of this mini-mill technology, Charlotte-based Nucor has a market capitalization of $42.5 billion compared to US Steel’s value of just over $14 billion as set by this deal.

> Nucor is also the largest steelmaker in America by output, making an estimated 20.6 million metric tons of steel per year, ranking 16th largest in the world. That compares to 14.49 million metric tons from US Steel, including its operations in Europe, which rank 27th in the world for 2022, according to the World Steel Association.

[ Parent | on HN ]
Re:US Steel, once the largest corporation, agrees to sell to... by Supermancho on Monday December 18, 2023 @12:08PM (#38685203)
>> It doesn't support anything you said

> What China could not achieve by Stalinist state planning or Maoist revolutionary enthusiasm, it achieved by letting a million private-sector smelters bloom.

Good luck with whatever.

[ Parent | on HN ]
Re:US Steel, once the largest corporation, agrees to sell to... by Aunche on Monday December 18, 2023 @01:05PM (#38686002)
Smelting typically refers to extracting metal from ore.
[ Parent | on HN ]