What next for US Steel?

To make steel pliant enough to be shaped into parts for cars and planes, it must first be heated until it glows cherry red. That, incidentally, may have been the colour of David Burritt’s face when Joe Biden blocked the purchase of us Steel by Nippon Steel, a Japanese firm, on January 3rd. Mr Burritt, the American steelmaker’s boss, issued an incandescent statement calling the president’s decision “shameful and corrupt” and accusing him of helping China (“Chinese Communist Party leaders in Beijing are dancing in the streets”).