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…
U.S., EU agree to speed up steel talks, keep discussing EVs
WASHINGTON (Reuters) – U.S. Trade Representative Katherine Tai and her European counterpart, Valdis Dombrovskis, agreed to speed up talks on global steel issues, among other trade and economic topics raised at their…
Kobe Steel’s U.S. unit signs technology deal with Sweden’s H2 Green Steel
TOKYO (Reuters) – Japanese steelmaker Kobe Steel Ltd said on Wednesday its U.S. unit, Midrex Technologies, has signed a contract with Swedish steel venture H2 Green Steel to supply its technology for…
POSCO says fire put out at S.Korea steel plant, production halted due to flooding
SEOUL (Reuters) -A fire broke out at South Korean steelmaker POSCO’s plant in the southeastern city of Pohang on Tuesday, a POSCO spokesperson confirmed. “A fire broke out at our Pohang steel…
Co-owner of Puyallup steel fabrication business pleads guilty to tax fraud
Tacoma – The co-owner and financial manager of a Puyallup, Washington steel fabrication business pleaded guilty today in U.S. District Court in Tacoma to nine counts of failing to pay over employment taxes,…
China to extend anti-dumping duties on steel product from Japan, South Korea, and EU
(Reuters) -China will extend anti-dumping duties on grain oriented flat-rolled electrical steel imported from Japan, South Korea, and the European Union, the country’s ministry of commerce said on Friday. The duties will…
Latin America steel demand to fall in 2022 -industry report
By Kylie Madry MEXICO CITY – Steel demand in Latin America could dip through 2022 as the industry faces regional inflationary pressures, price hikes from the Russian invasion of Ukraine and political…
China extends anti-dumping tariffs on EU, UK steel fasteners imports
BEIJING – China’s commerce ministry said on Tuesday it would extend anti-dumping tariffs on certain steel fasteners imported from the European Union and United Kingdom for five years. The anti-dumping tariffs will…
Ukraine’s Metinvest urges customers not to buy ‘stolen’ steel
KYIV – Ukraine’s largest steelmaker has urged customers not to buy any products made at its plants in Mariupol because it fears they may have been stolen by Russian forces occupying the…
Exclusive-India’s Tata Steel bought 75,000 tonnes of Russian coal in May – sources
By Sudarshan Varadhan and Aftab Ahmed NEW DELHI -India’s top steelmaker Tata Steel imported about 75,000 tonnes of coal from Russia in the second half of May, two trade sources and one…
S.Korea plans to manage steel scrap as strategic asset as prices surge
SEOUL – South Korea plans to manage steel scrap from cars and abandoned buildings and structures as a strategic material, a government official said on Thursday, amid tight supplies and a price…
Stainless steel maker Outokumpu shares up more than 6% on strong Q1
HELSINKI -Finnish stainless steel maker Outokumpu saw its shares soar more than 6% on Thursday after reporting stronger-than-expected quarterly profits, boosted by higher prices for stainless steel and ferrochrome. The company said…
ArcelorMittal increases buyback program, sees global steel dip
By Marine Strauss BRUSSELS – ArcelorMittal reported higher-than-expected core profit in the first quarter on Thursday, but said it now forecast a slight contraction in global steel demand this year, with a…
WTO backs some Turkish claims against EU steel import curbs
GENEVA -The World Trade Organization (WTO) accepted some of Turkey’s complaints against European Union measures designed to curb imports of steel and advised the bloc on Friday to bring them into line…
Ukraine wants U.N. to be guarantor of safe corridor from Mariupol steel plant
By Max Hunder (Reuters) – Ukraine denied on Monday reaching an agreement with Russia on evacuating civilians from a steel plant in the southern city of Mariupol, and said the United Nations…
‘I want to see the sun’ begs child in Mariupol steel works
(Reuters) – Women and children sheltering in a giant steel works in Mariupol that is the last holdout of Ukrainian defenders of the southern port city, said in a video released on…
Tata Steel to consider proposal to split equity shares on May 3
NEW DELHI – The board of Tata Steel Ltd will on May 3 consider a proposal to split the stock and also recommend a dividend, the Indian steel maker said in a…
Thyssenkrupp puts 1,300 steel workers on short working hours
DUESSELDORF – Thyssenkrupp is cutting working hours for 1,300 of its steel workers, the German conglomerate said on Thursday, responding to the impact of the war in Ukraine on the automotive sector…
Nippon Steel buys majority stakes in two Thai steelmakers
TOKYO – Japan’s Nippon Steel Corp has completed its acquisition of majority stakes in two electric arc furnace steelmakers in Thailand, paying about $477 million in total, it said on Monday. The…
China Fangda Group aims to take over state-owned Anyang Iron & Steel Group
BEIJING – A unit of privately-owned Chinese firm Liaoning Fangda Group has offered to buy an 80% stake in state-backed Anyang Iron & Steel Group, the listed arm of Anyang said in…
Russia-Ukraine conflict to have huge impact on global steel demand -Japan steel group
TOKYO -The conflict between Russia and Ukraine, which are exporters of steel products, will have a huge impact on global steel demand and trade if it lasts for a long time, the…
European steel prices to extend rally as Ukraine conflict cuts supply
By Eric Onstad LONDON – Surging European steel prices are set to extend their gains as Russia’s invasion of Ukraine has disrupted logistics, spurred sanctions and sent energy prices soaring. Russia is…
U.S. not looking to renegotiate Trump-era steel quotas with South Korea, says Raimondo
By Andrea Shalal WASHINGTON – The United States has no plans to renegotiate a quota agreement forged by South Korea and the former Trump administration, U.S. Commerce Secretary Gina Raimondo said on…
Thyssenkrupp drops cash flow forecast, questions steel plans due to Ukraine
BERLIN – Germany’s Thyssenkrupp on Wednesday suspended its 2021/22 forecast for free cash flow before mergers and acquisitions for due to the Ukraine crisis and said it was unclear if it would…
Owner of Steel Drum Company Admits to Defrauding Over $20 Million From a Harford County, Maryland Manufacturer in Kickback Scheme
Baltimore, Maryland – Anthony P. Urcioli, Sr., age 78, of Park Ridge, New Jersey, pleaded guilty yesterday to conspiracy to commit wire fraud and filing a false tax return. The guilty…
EU imposes anti-dumping tariffs on Chinese steel fasteners
BRUSSELS – The European Union is imposing tariffs on imports of steel fasteners from China on the basis that they are being sold at artificially low prices, the EU official journal said…
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