Trump says final Nippon Steel deal not yet approved, addresses Russia sanctions and foreign policy
WASHINGTON, D.C. — President Donald Trump told reporters Friday that the Nippon Steel acquisition is not finalized and requires his approval, while also commenting on sanctions legislation against Russia and the prospects…
CBP improves Republic of Korea steel exports with Electronic Certification System
WASHINGTON — U.S. Customs and Border Protection (CBP) and the Republic of Korea held a ribbon cutting ceremony May 15 to celebrate the deployment of the Electronic Certification System (eCERT) to the…
Biden Vowed To Protect American Steel — But Another Effort Of His Could Destroy It
President Joe Biden in recent days has taken a harsh stance on foreign steel manufacturers in a bid to strengthen domestic industry, but his own environmental policies could be the true threat…
KENNETH RAPOZA: Why Nippon Steel Might Fail To Convince Washington To Greenlight U.S. Steel Acquisition
Japan’s Nippon Steel has inched closer to buying Pittsburgh-based U.S. Steel now that the U.S. company’s shareholders have approved of the Dec. 18 acquisition offer. Only Washington stands in the way. On…
U.S. Steel shareholders give greenlight to Nippon Steel’s $14.9 billion takeover bid
(Reuters) – U.S. Steel shareholders voted in favor of the proposed $14.9 billion acquisition by Japan’s Nippon Steel, moving the merger closer to completion while the deal faces regulatory scrutiny and political…
Analysis-Why Japan is not giving up on fraught U.S. Steel deal
By John Geddie, Katya Golubkova and Anton Bridge TOKYO (Reuters) – Days after President Joe Biden joined his election rival Donald Trump in voicing concern about a Japanese purchase of U.S. Steel,…
US senator urges Biden to review alleged Nippon Steel ties to China
By David Shepardson and Yuka Obayashi WASHINGTON/TOKYO (Reuters) -The head of the U.S. Senate Banking Committee on Tuesday urged the White House to scrutinize the relationship between Nippon Steel and the Chinese…
Dorney Park to Launch New Steel Dive Coaster in 2024
ALLENTOWN, PA – Iron Menace, the Northeast’s inaugural dive roller coaster, marks a significant addition to Dorney Park & Wildwater Kingdom, being the first new coaster introduced in nearly two decades. This…
STEVE PAVLICK: Everything You Need To Know About The Potentially Seismic Sale Of US Steel
STEVE PAVLICK: Everything You Need To Know About The Potentially Seismic Sale Of US Steel Steve Pavlick on February 11, 2024 The potential sale of one of America’s largest domestic steel producers,…
Why Does the Battleship New Jersey Have So Much Wood on Steel Warship?
CAMDEN, NJ – If you have ever been to the battleship U.S.S. New Jersey, you might have left wondering, “Why is there so much wood on a battleship?” Ryan Semansky, Curator at…
Biden extends EU steel, aluminum tariff exemption for 2 years
WASHINGTON (Reuters) – U.S. President Joe Biden on Thursday extended the suspension of tariffs on European Union steel and aluminum for two years to continue negotiations on measures to address overcapacity and…
China’s 2024 steel demand to fall 1.7%, exports to slow – state researcher
BEIJING (Reuters) – China’s steel demand in 2023 will decline by 3.3% from 2022 and contract a further 1.7% in 2024, a state researcher forecast on Friday, weighed down by a significant…
S&P places Nippon Steel on negative credit watch after U.S. Steel deal
(Reuters) – Ratings agency S&P on Wednesday placed its ‘BBB+’ long-term issuer credit rating on Nippon Steel Corp on negative credit watch after it clinched a deal to buy U.S. Steel for…
India’s FY25 steel demand to be slower as elections loom – analysts, officials
By Neha Arora NEW DELHI (Reuters) – India’s steel demand will likely slow in the next financial year beginning March as a mammoth general election will delay government projects and infrastructure spending,…
EU, U.S. extend steel tariff detente until end-March 2025
By Philip Blenkinsop BRUSSELS (Reuters) -The European Union and the United States have agreed that Washington will continue to suspend tariffs on EU steel and aluminium until March 2025 and Brussels will…
Road to Nippon’s $14.9-billion acquisition of U.S. Steel
(Reuters) – Japan’s Nippon Steel’s $14.9-billion acquisition of U.S. Steel, finalized at auction on Monday, is the culmination of multiple bids by a range of suitors for the 122-year-old company, once the…
Japan’s Nippon Steel to buy U.S. Steel in $14.9 billion deal
(Reuters) – Nippon Steel said on Monday it would buy U.S. Steel in a deal worth $14.9 billion including debt, months after the steelmaker put itself up for sale. (Reporting by Shivansh…
EU considers restarting WTO case against US over steel tariffs – Bloomberg News
(Reuters) – The European Union is considering reopening a case at the World Trade Organization against the United States over a steel and aluminum dispute that saw the allies hit each other…
German industrial projects in steel, chips, batteries at risk from court ruling -sources
BERLIN (Reuters) – German industrial projects in jeopardy after a court ruling wiped 60 billion euros from the federal budget include chip factories, decarbonised steel production, and expanding the battery supply chain,…
ArcelorMittal suspends output in Bosnia as steel demand drops
SARAJEVO (Reuters) – ArcelorMittal said on Friday it had temporarily halted output at its Bosnia steel plant and at mines that supply it with iron ore due to a drop in demand…
First Look: Track Laid for Pennsylvania’s Newest Steel Rollercoaster
ALLENTOWN, PA – Dorney Park & Wildwater Kingdom announces a significant milestone in constructing its new roller coaster, Iron Menace. The amusement park, a prominent destination in the Northeast, recently completed the…
Truck maker Scania to switch to zero-carbon steel by 2030
OSLO (Reuters) – Swedish truck maker Scania will switch to using steel made without carbon emissions in its heavy-duty vehicles before the end of the decade, it said on Monday. Scania, owned…
Ternium posts 77% quarterly income boost as steel shipments jump
By Aida Pelaez-Fernandez (Reuters) – Steelmaker Ternium reported on Tuesday a third-quarter adjusted net income of $271 million, up more than 77% from the $153 million net income posted during the same…
EU, US could agree on critical minerals despite steel failure, says France
VALENCIA, Spain (Reuters) – The European Union and the United States could reach a deal on critical minerals over the coming weeks or months despite their failure to agree an accord on…
U.S, EU business groups push for steel deal, minerals drive at summit
By Philip Blenkinsop BRUSSELS (Reuters) – The largest U.S. and EU business federations urged leaders meeting for a summit on Friday to resolve a lingering dispute over Trump-era metals tariffs and increase…
EU, US seek interim steel deal to avoid return of Trump tariffs – Bloomberg News
(Reuters) – Leaders of the European Union and the U.S. are seeking to announce an interim agreement at an Oct. 20 summit on steel and aluminium trade that would avert the re-imposition…
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