Tom BurtonCo-Founder, COO and CTO of LeadSmart Technologies

Is the Nippon Steel offer a good deal for Americans? #nipponsteel

Name: Is the Nippon Steel offer a good deal for Americans? #nipponsteel
Uploaded: 2025-01-14T15:14:14+00:00
Duration: 1 min 10 s
Channel: Tom Burton
Description: This content was created by Tom Burton. This content was uploaded by Tom Burton. This is a YouTube video titled "Is the Nippon Steel offer a good deal…

14 Jan 2025 · 1 min

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1:10

This content was created by Tom Burton. This content was uploaded by Tom Burton. This is a YouTube video titled "Is the Nippon Steel offer a good deal for Americans? #nipponsteel" containing a conversation recorded on January 14, 2025, discussing the legal and economic implications of Nippon Steel and U.S. Steel's lawsuits against the Biden administration, with Tom Burton participating in the discussion.

Questions this video answers

$15 billion

About $7 billion ("seven point some billion")

Figures mentioned include $2.9 billion (one plan) and $7 billion of upgrades (Tom Burton)

Chapters

Nippon Steel and U S Steel, both sides of this deal have filed lawsuits against the Biden administration after Biden put a big block on that. It's kind of a big, big issue here when you got both sides that are suing the US government over this thing. And, and you know, U S Steel is hoping to be able to stay in business unless they get acquired. And you've got this Japanese company who has made all kinds of one phenomenal changes of what their original. It almost. Their current offer is almost double of what they started at I think. Well, I shouldn't say almost. It's over double. I think they started seven point some billion dollars and now they're $15 billion. They're giving the US government all kinds of. I don't know what else to call it other than veto power over decisions that are making. They're guaranteeing a certain amount of jobs and a certain amount of production staying in the US and they also agreed.
To upgrade a lot of the U.S. facilities.
Right? Yeah. Was it two. I think the article talked about 2.9 billion. Yeah.
$7 billion of upgrades.
Yeah, yeah. To one plan. I think it was in itself was two plus billion. So this will be an interesting one to watch. I think the incoming administration has talked about not liking the idea of it as well, but.
I don't fully understand. I mean they say security and all. There seems to be a story behind the story that at least I'm not fully understanding.