US Steel and Nippon Steel
It’s bad enough that the Steelers have only won one playoff game in the last thirteen years; now their namesake, US Steel, is about to be purchased by a Japanese steel company. Talk about adding insult to injury! The recent news that Nippon Steel is in negotiations to purchase US Steel for something a little less than fifteen billion dollars has caused massive consternation locally and has attracted significant interest nationally. In 1901 J. P. Morgan orchestrated the merger of Carnegie Steel, Federal Steel, American Steel and Wire, and a number of smaller companies, creating United States Steel, the largest corporation…