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…
The Steepest Steel Rollercoaster in the World is in New Jersey, But Not Where You Might Think
RUTHERFORD, NJ – The title for the world’s steepest steel roller coaster now belongs to the TMNT Shellraiser, a surprising find not at Six Flags Great Adventure but at the Nickelodeon Universe…
Canada’s Stelco Holdings is said to weigh bid for U.S. Steel – Bloomberg News
(Reuters) – Canada’s biggest steelmaker Stelco Holdings is pursuing a bid for U.S. Steel Corp, adding to a growing list of suitors for the iconic American company, Bloomberg News reported on Thursday,…
Sweden’s H2 Green Steel raises $1.6 billion for Boden plant
OSLO (Reuters) -H2 Green Steel has raised equity funding of about 1.5 billion euros ($1.6 billion) to build the world’s first large-scale green steel plant, the Swedish steel company said on Thursday,…
Chinese steel demand declining less than data suggests, says Vale executive
By Marta Nogueira RIO DE JANEIRO (Reuters) – Brazilian miner Vale SA sees declining steel demand in China, the world’s largest producer, but the situation is not as dire as some indicators…
US welcomes WTO panel report on China steel, aluminum tariffs
WASHINGTON (Reuters) – The office of the U.S. Trade Representative on Wednesday said it was pleased with a World Trade Organization panel report that it said recognized the United States’ section 232…
Japan’s Kobe Steel raises annual profit forecast to record $840 million
TOKYO (Reuters) – Japan’s Kobe Steel raised its net profit forecast for the current fiscal year to a record high of 120 billion yen ($839 million) on expected higher selling prices and…
Ternium forecasts lower third-quarter earnings as steel prices drop
MEXICO CITY (Reuters) -Steel producer Ternium reported a 21.4% decrease in second-quarter net profit on Tuesday, as shipments remained flat and steel prices dropped, prompting it to forecast lower core earnings for…
Steel Workers Slam Biden Admin For Clearing The Way For Taxpayers To Subsidize Chinese Steel
Steel Workers Slam Biden Admin For Clearing The Way For Taxpayers To Subsidize Chinese Steel Peter Machera on July 26, 2023 A group of the largest steelmakers in the U.S. and the…
Lower production in Europe hits global steel output
LONDON (Reuters) – Global crude steel production fell 1.1% year on year to 943.9 million metric tons in the first half of 2023 due to lower output in Europe and the Americas,…
Some Chinese steel mills ordered to cap output this year – sources
BEIJING (Reuters) – Several Chinese steel mills have received instructions to cap this year’s output at the same level as 2022, five people familiar with the matter and analyst reports said on…
China to make plans to stabilise growth of 10 sectors, including auto, steel
BEIJING (Reuters) – China will formulate plans to stabilise growth in 10 sectors, including auto and steel, Zhao Zhiguo, spokesperson for the Ministry of Industry and Information Technology, told a press conference…
China steel exports seen surging to seven-year high as home demand wilts
By Amy Lv and Dominique Patton BEIJING (Reuters) – China is set to export the most steel this year since 2016, say analysts, as the weakening yuan and competitive prices help the…
US Commerce chief says green steel pact would combat excess Chinese output
By David Lawder WASHINGTON (Reuters) – U.S. Commerce Secretary Gina Raimondo said on Tuesday the Biden administration was “extremely focused” on reaching a “green steel” arrangement with the European Union and other…
Usiminas posts Q1 profit beat but sees lower steel sales ahead
SAO PAULO (Reuters) – Usiminas expects its steel sales to slip in the second quarter from a year earlier, it said on Thursday, as it kicked off Brazil’s earnings season by beating…
Japan’s MUFG sets emissions targets for real estate, shipping, steel
By David Dolan and Simon Jessop TOKYO (Reuters) – Japan’s Mitsubishi UFJ Financial Group on Tuesday laid out emissions-cutting targets for lending to the real estate, steel and shipping sectors, and said…
China Jan-Feb crude steel output up 5.6 % on yr – stats bureau
BEIJING (Reuters) – China’s crude steel output in the first two months of 2023 rose 5.6% from a year earlier, official data showed on Wednesday, as many domestic steel mills ramped up…
Canada bans Russian aluminum and steel imports
OTTAWA (Reuters) – Canada on Friday banned the import of all Russian aluminum and steel products in a move that Ottawa said was aimed at denying Moscow the ability to fund its…
Ternium CEO says could build new $2 billion steel plant in northern Mexico
MEXICO CITY (Reuters) – Steelmaker Ternium is considering building a new $2.2 billion steel production plant near its current Pesqueria site in northern Mexico, the company’s chief executive said Wednesday, though a…
ArcelorMittal leads $120 million funding for green steel tech firm
By Isla Binnie NEW YORK (Reuters) – ArcelorMittal has led the latest, $120 million round of investment for Boston Metal in the startup’s quest to go to market by 2026 with equipment…
‘Real’ Meat Grown In Steel Vats Served At UN Climate Conference
‘Real’ Meat Grown In Steel Vats Served At UN Climate Conference Jack McEvoy on November 17, 2022 Individuals attending the United Nations COP27 climate conference who want to eat a climate-friendly diet…
Thyssenkrupp: no taboos on steel unit, no talks with Salzgitter on tie-up
FRANKFURT (Reuters) – Thyssenkrupp is not ruling out a sale, spin-off or merger of its steel division to realise a stand-alone scenario it deems best for the business, but added there were…
Ternium Q3 profit drops 84%, sees lower steel margin ahead
By Gabriel Araujo and Kylie Madry SAO PAULO/MEXICO CITY (Reuters) -Steelmaker Ternium reported an 84% drop in its third-quarter net income to $220 million on Thursday, hurt by lower realized steel prices…
Tata Steel’s Dutch arm signs MOU to supply Ford with green steel
By Toby Sterling AMSTERDAM (Reuters) – Tata Steel’s Dutch arm plans to supply Ford plants in Europe with “green” steel after 2030, under a preliminary agreement reached by the two companies on…
S.Korea’s POSCO Holdings sees steel demand remaining weak; Q3 profit tumbles
By Joyce Lee and Heekyong Yang SEOUL (Reuters) -South Korea’s POSCO Holdings on Monday forecast weak steel demand would persist into the first half of next year after a price slump and…
Japan’s Oct-Dec crude steel output forecast to slip
By Yuka Obayashi and Kantaro Komiya TOKYO (Reuters) -Japan’s crude steel output is expected to fall for a fourth consecutive quarter in the last three months of the year, due to a…
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