The Japanese now own U.S Steal.
What will happen to the Man/Men of Steal ?
What will happen to the Man/Men of Steal ?
OT: U.S. Steal Bought.
- Thread starter joeaubie21
- Start date
This sale makes me sad. A one time symbol of America‘s greatness is gone.
If we cannot spell it then we do not deserve to own it.
Anyone catch the Stealers game over the weekend?
John Surma, the Man of Steal.
When I saw this post, I immediately thought the Japanese purchased the University of Michigan.
US Steel is a mere shadow of its former self. It is a casualty of the overly regulated economy. I am not referring to a license to pollute or otherwise damage the environment. I'm just saying that any heavy primary industry is unable to acquire permits in a timely manner that allows development and expansion
Huh? Why would anyone buy US Steel just to shutter the whole operation? Anyway, I think what's happened to Boeing is the real symbol of the decline of American manufacturing prowess, and that was done in-house.
Sorry to see, 20 years ago they were a great client for our consulting services, I had my own gate code at the Fairless works. Occasionally visited Pittsburgh, nicest people, always took us to dinner.
All the catastrophic issues with the 737 Max and the manufacturing issues with the 787 Dreamliner, all occurring after the money men took over leadership of the company. Don't even bring up problems with the Starliner and KC-46 Tanker!
Boeing finds another quality problem on 787, delaying deliveries again
Boeing has found another manufacturing flaw on the 787 Dreamliner — this time on the horizontal tail. Here's what that means for in-service planes and deliveries.
www.seattletimes.com
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Compared to USS's all-time high value, Japan got the company pennies on the dollar... a real steel!
I grew up in Levittown, PA and many of the Dad's were employed @ the Fairless Works during their heyday the 60s and 70s.
Boeing essentially turned over control to the McDonnnell Douglas finance peopleAll the catastrophic issues with the 737 Max and the manufacturing issues with the 787 Dreamliner, all occurring after the money men took over leadership of the company. Don't even bring up problems with the Starliner and KC-46 Tanker!
Boeing finds another quality problem on 787, delaying deliveries again
Boeing has found another manufacturing flaw on the 787 Dreamliner — this time on the horizontal tail. Here's what that means for in-service planes and deliveries.
Much like the Bethlehem Steel which is now a casino, it ceased to be a symbol of greatness long ago
Don't worry. Senator sweatshirt is on it
Fetterman says he’ll work to block ‘absolutely outrageous’ US Steel sale
Sen. John Fetterman (D-Pa.) vowed Monday to work to block the $14.9 billion sale of U.S. Steel Corp. to Japanese steelmaker Nippon Steel, which he described as an “outrageous” move. The deal w…
thehill.com
Don't worry. Senator sweatshirt is on it
Fetterman says he’ll work to block ‘absolutely outrageous’ US Steel sale
Sen. John Fetterman (D-Pa.) vowed Monday to work to block the $14.9 billion sale of U.S. Steel Corp. to Japanese steelmaker Nippon Steel, which he described as an “outrageous” move. The deal w…
Jerk
For boomers in the northeast, the ‘symbols of American Greatness’ were industries that peaked literally 50 years ago (US steel production peaked in 1973). But those industries created decades of wealth for the middle class in PA, Indiana, etc so those industries are still revered.
Domestic steel production had collapsed by 1984. Coincidentally, Microsoft launched Windows the next year, and the tech boom was born. For the past 20 years, Facebook/Meta, Apple, Microsoft, Amazon, and Google/Alphabet have become the global symbols of American Greatness- without the benefit to the blue collar worker.
Considering that 9% of the global population is over the age of 65, few people know or care about the legacies of US Steel or Alcoa - they have been replace (by a wide margin) by Silicon Valley tech.
Well, I remember United States Steel when it was the largest corporation in the world. 1973 - the year I graduated from high school was the zenith for USS, as well as many other Pittsburgh industrial corporations. I was friends and graduated with Tony Speer, the youngest son of Edgar Speer - CEO and chairman of the board of USS. Tony married my neighbor and childhood best friend.
By the time I finished my stint at Penn State, there were virtually no jobs to be had in Pittsburgh and I as well as 100s of thousands of work-aged Yinzers had to move elsewhere to gain employment. That's why Steeler fans travel so well at any stadium in the country; many of them actually live in that area now having left the Burgh for work many years ago. That's also why the quality of WPIAL football took a hit, many of those that moved away had that hardnosed work ethic that is missing nowadays.
By the time I finished my stint at Penn State, there were virtually no jobs to be had in Pittsburgh and I as well as 100s of thousands of work-aged Yinzers had to move elsewhere to gain employment. That's why Steeler fans travel so well at any stadium in the country; many of them actually live in that area now having left the Burgh for work many years ago. That's also why the quality of WPIAL football took a hit, many of those that moved away had that hardnosed work ethic that is missing nowadays.
I'm no expert but I would recommend reading some recent history about US Steel. USS was very late to innovate to more productive methods and that's what ultimately led to their downfall and ability to compete. We all want US companies to thrive and excel at what they do, but this is a case of sticking to the old ways and not looking to the future to be more competitive.
The culture at US Steal was based upon nepotism and thievery. Then the Japanese guaranteed their product. Sheet one of steel had the quality of sheer 100.
U.S. Steel made a shitty product, and wanted to sell in lots of thousands. The Japanese took any sale no matter how small and had the superior product.
Dave Roderick wrapped himself in a towel and mocked the union that he and his predecessors created. A jack off.
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Cleveland Cliffs has been killing it
www.clevelandcliffs.com
Cleveland-Cliffs Inc.
Cleveland-Cliffs is North America’s largest flat-rolled steel producer and supplier of iron ore pellets serving various industries, mainly automotive.
www.clevelandcliffs.com
I've read quite a bit about the history and I agree in part, especially about sticking to the open hearth way too long based on internal "economics". Also, Tom Graham's obsession with the unions ultimately distracted them from further innovation. The US industry was low cost for so long after WW2 that they lost sight of how old their 19th century plants were. Then when the EPA hit in the early '70s capital allocations went to compliance instead of greenfield development. By the time greenfield development was considered, regulatory compliance kept the fields green. The beginning of the end began in the 70s and it wasn't because of the union. The best book was "And the Wolf Finally Came".
If you can find it, John Hoerr's book "And the Wolf Finally Came" is an excellent narrative of the downfall of the steel industry in this country.
Roderick was a jagoff... however the Japanese gained market share by dumping government-subsidized steel, an illegal tactic hard to beat
We are allowing foreign entities to steel our companies and land.
Yep, USS didn't go forward with the thin strip caster and modernization of the MV Works after the Allegheny County environmental permit got bogged down and fought against. I was at USS at that time. Lots of engineering and planning $ had already been spent. But instead USS begain working on the project of a 2nd mini-mill in Arkansas which is now nearing completion. Sad that all the red tape along with the protestors that are disproportionately heard by state and local governments drove these family sustaining jobs away from western PA.....
I'm also a 1973 suburban Pittsburgh H.S. grad, and 1977 PSU Engineering grad but I did manage to work my whole career in Western PA in the steel industry. I had lots of opportunities, many paying more than what I took to stay local, coming out of PSU. But looking back I'm happy with the decision I made to stay close to family in Pittsburgh, and I still now live within 10 miles of both of my brothers.
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Dave Roderick was a theiving piss rod. The ****iin crook robbed everyone in Pennsylvania.
The Union shares equally in the blame…and I say that from a platform of union leadership in my family.
I wasn't at USS during Roderick's tenure there. But the leadership during my years at USS, 2005-2015, was moving the company forward in the direction of moderization and efficiency which is what is required to survive, let along thrive, in the business world.... and what some union leaders fight tooth and nail to the detriment of those they are supposed to be representing.
All the catastrophic issues with the 737 Max and the manufacturing issues with the 787 Dreamliner, all occurring after the money men took over leadership of the company. Don't even bring up problems with the Starliner and KC-46 Tanker!
Boeing finds another quality problem on 787, delaying deliveries again
Boeing has found another manufacturing flaw on the 787 Dreamliner — this time on the horizontal tail. Here's what that means for in-service planes and deliveries.
So with the recently revealed systemic production problems with the 737 MAX and the Australian Dreamliner incident, do you feel safe flying in a Boeing plane?
Sorry to jump in here. many of the issues are not Boeing issues necessarily. The engine fires are not Boeing. Boeing doesn't make engines nor do they service them. The door stuck open is also NOT a Boeing issue. The exit door being blown out is a Boeing issue.
I don't think Boeing is any less safe than Airbus. And, air travel continues to be safer than any other travel (maybe trains are safer, not sure).
Early report on the Boring plane that dropped like crazy. Reports are an airline attendant hit a button that caused the pilots seat to push him into the controls
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In the immortal words of Jeff Spicoli, “Those guys are fags.”
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