Whooda Thunk????

[LarkTruck]

61 years ago, nobody would have believed you if you told them that USS would no longer be American owned. Very sad!

[556063]

After the onslaught of negative Press toward the Industry as a whole the past 50 or more years, is what's happened lately a surprise to anyone?

[rockne10]

USS had the option of adopting modern systems and techniques, furnace upgrades, etc. but they didn't! Now that's what NIPPON is going to do.
W. Edward Deming, American business theorist, composer, economist, industrial engineer, management consultant, statistician, and writer taught the Japanese how to make things work better by involving the entire work force. Something we have never learned.
Be thankful the facilities and employees will be remaining here. NIPPON will make it work well and expand to new markets worldwide. And realize their deserved profits.
Many U.S. industries may profit from the example.

[Hallabutt]

The missteps that USS made shortly after WWll are well documented. New American, production, technology was available to them by the early 50's. However, they were sharing in the dominance that many US company's had post war. In economic terms they had an absolute advantage. They chose business as usual rather then upgrading their prosses and their product. The new technologies were shopped around by their owner's, finding homes for each in Japan, Germany and Switzerland. Within a very short time any advantage that the American steel industry had began to disappear. The rest they say is history.

[rockne10]

https://www.reuters.com/markets/deals/road-nippons-149-billion-acquisition-us-steel-2023-12-18/?utm_campaign=trueAnthem%3A%20Trending%20Content&utm_medium=trueAnthem&utm_source=facebook&fbclid=IwAR3rGq8eat9MOByQYoPYfmSGNBylSwgq10IpsbZCs5fM-jcHtmzZzLGcIjU

[Gunslinger]

During WWII the allies bombed and destroyed the steel factories of Germany and Japan and in a magnanimous and also politically strategic gesture we helped rebuild them postwar which was done to make them more efficient. The American steel industry…not having been touched by enemy bombs…was still functioning fine so the companies never truly invested in upgrades for increased efficiencies or economies of scale…new construction maybe but the older facilities not so much.

It’s the same story of American industries that rears its ugly head…they cut their own throats in a competitive world by not thinking strategically. It’s been said that Japanese industry thinks a generation ahead…American industry thinks no further than next week. How true that still might be is difficult to say…but American industry is still paying the price of past short-sightedness. Even where industry might want to rebuild the regulatory process is so cumbersome and sometimes hostile as to make such domestic investment undesirable and unprofitable. Not everyone is Elon Musk who is willing to tackle and overcome such obstacles…but he’s not encumbered by old technology facilities and does get resources from outsourcing where necessary.

[8E45E]

It’s the same story of American industries that rears its ugly head…they cut their own throats in a competitive world by not thinking strategically. It’s been said that Japanese industry thinks a generation ahead…American industry thinks no further than next week. Not everyone is Elon Musk who is willing to tackle and overcome such obstacles…but he’s not encumbered by old technology facilities and does get resources from outsourcing where necessary.

It also applies to infrastructure, and the utility grids as well.

Craig

[LarkTruck]

The advertisement appeared in The Saturday Evening Post. Sorry I didn't mention that in my OP, and sadly I can no longer edit to include it.

JS

[Dwight FitzSimons]

Say, this story sounds familiar. What other American manufacturing company did the same thing as USS?
--Dwight

[StudeNewby]

Say, this story sounds familiar. What other American manufacturing company did the same thing as USS?
--Dwight

You beat me to it, Dwight...