Replies to post #29569 on The Rising Influence of Rising Affluence

[DewDiligence]

Maybe Nippon is reacting to the story in yesterday’s NYT:

https://www.nytimes.com/2024/08/26/business/nippon-steel-us-steel.html

[DewDiligence]

CLF is ready to acquire Mon Valley assets that X might abandon if Nippon’s buyout of X is blocked by the US government, according to a PR today:

https://finance.yahoo.com/news/cleveland-cliffs-commends-president-biden-204600079.html

Any such acquisitions would presumably be at fire-sale prices.