In this video, Motley Fool contributors Jason Hall and Tyler Crowe break down Japanese giant Nippon Steel's massive acquisition of U.S. Steel (X) for a huge premium. Should investors follow the giant into other steel producers like Nucor (NUE -0.03%), Cleveland-Cliffs (CLF 1.97%), Steel Dynamics (STLD 1.13%), or Ternium (TX 1.81%)?

*Stock prices used were from the morning of Dec. 20, 2023. The video was published on Dec. 21, 2023.