Economy
Nippon Steel Finds 90-Year-Old Mills at U.S. Steel—Then Reportedly Quadruples the Profit
Japanese coverage said that after Nippon Steel completed its contentious acquisition of U.S. Steel, it found 90-year-old furnaces still running and nearly half the output defective—yet a parallel report claimed that simply investing in the plants quadrupled profit. Netizens swung between mockery of America's aging industrial base, admiration for the Japanese-style turnaround, and unease echoing Toshiba's Westinghouse disaster.