"Billionaires who built their fortune on Soviet-era steel giants have spent nearly $9 billion in the last few years acquiring U.S. mills to expand their global presence." - What huge dollar numbers and still they are considered cheap. They are buying them because they are cheap. Hopefully their money making strategies will succeed. What a huge profit loss it would be if they failed. "betting on U.S. steel is risky, say analysts." I wonder how much more steel assets they will buy in the future. "Russia has gone on an acquisition spree". This news article mentions that Russia can become stronger in the sense that they can make such bigger asset purchases. It certainly seems that USA and Russia are working together better compared to the other decades. Making large asset purchases is something that makes people appear so powerful.