Critics of Steel Acquisition Sink to a New Low

Critics of the proposed purchase of U.S. Steel (USS) by Japan-based Nippon Steel Corporation (NSC) have sunk to a new low, asserting the transaction would benefit China. Their allegations reek of desperation. Specifically, a recent report by the strategic consulting firm Horizon Advisory discusses possible security threats resulting from NSC’s operations in China. That report’s assertions are dubious. For example, it alleges: “Nippon’s integration in China’s steel sector means that the company, Author(s): Bryan Riley Read Full Article »