Politics
Trump Says Nippon Steel Will Make Major Investment in U.S. Steel
President Trump said on Friday that Nippon Steel was planning to make a major investment in U.S. Steel after the Biden administration…
Tag
Steel
Business
Nippon, US Steel say Biden blocked merger amid ‘sham’ review
NIPPON Steel and United States Steel claimed former President Joe Biden unfairly prejudged their US$14.1 billion merger and gave the…
Politics
Steel, aluminium tariffs will impact millions of tonnes of imports
AluminIum and steel were among the first tariffs to be enacted during President Donald Trump’s first term. A revival of those measures is…
Business
US Steel posts muted quarterly results amid Nippon deal snag
US STEEL reported fourth-quarter loss and revenue that matched Wall Street estimates on Thursday, dented by price declines and a bumpy…
Business
Activist Investor Seeks to Oust U.S. Steel Chief Over Nippon Deal
After the United States blocked Nippon Steel’s bid for U.S. Steel, the Pittsburgh company is facing new pressure from an activist investor…
Business
Cleveland-Cliffs Signals a Possible New Bid for U.S. Steel
A possible new takeover bid for U.S. Steel emerged on Monday, teeing up more turmoil over the once-dominant company’s future after…
Business
Regency Steel Asia chairman fined S$350,000 for false trading of Hiap Hoe, Hotel Grand Central shares
THE Monetary Authority of Singapore (MAS) imposed a civil penalty of S$350,000 on Gui Boon Sui for conducting false and unauthorised…
Business
Malaysia imposes anti-dumping duties on iron, steel imports from four countries
MALAYSIA’S trade ministry said it has imposed provisional anti-dumping duties on some flat-rolled products of iron or non-alloy steel…
Business
US extends deadline for Nippon Steel to end US Steel bid to June
The Committee on Foreign Investment in the United States (CFIUS) approved an extension of the deadline for Nippon Steel to abandon its…
Business
U.S. Steel Faces Stark Choices as Nippon Steel Merger Founders
For more than a year, U.S. Steel pursued an ambitious solution to its mounting challenges. Once a symbol of American industrial might, it…
News
US Steel, Nippon Steel sue Biden administration over decision to block merger
US PRESIDENT Joe Biden violated the Constitution by blocking Nippon Steel’s US$14.9 billion bid for US Steel through a sham national…
Politics
U.S. Steel and Nippon Sue Biden Over Decision to Block Deal
U.S. Steel and Japan’s Nippon Steel sued the United States government on Monday in a last-ditch attempt to revive their attempted merger…
Business
Japan PM says blocked US Steel deal could hit investments
JAPAN’S Prime Minister Shigeru Ishiba on Monday (Jan 6) urged Washington to dispel concerns that a decision by Joe Biden to block Nippon…
Business
Nippon Steel could face growth challenges after US Steel purchase blocked: analysts
JAPAN’S Nippon Steel may need to look at a revamp of its growth strategy after US President Joe Biden blocked its proposed US$14.9 billion…
Business
Biden’s decision on US Steel deal followed divide in his orbit
TWO weeks after the US presidential election last November, hundreds of allies gathered at the White House to soothe Joe Biden in defeat.…
News
The Fallout from U.S. Steel
The end of a troubled takeover bid President Biden is set to officially block Nippon Steel’s $14 billion takeover of U.S. Steel as soon as…
News
China may miss target for cleaning up largest steel industry
CHINA looks set to miss a year-end target for boosting production of less-polluting steel as usage rates for cleaner, newer furnaces stall…
Politics
US Steel jumps most in a year on Nippon Steel offer to Biden
NIPPON Steel offered to give the US government a veto over any reduction in US Steel’s production capacity in a proposal that marks a…
Business
How Young Entrepreneurs Can Leverage Sustainability Trends in the Steel Industry
The steel sector is undergoing a huge change toward sustainability, giving young entrepreneurs chances to make a difference. As…
Business
US foreign investment panel split on Nippon-US Steel deal: FT
THE US Treasury has informed Japan’s Nippon Steel that the panel reviewing its proposed US$14.9 billion purchase of US Steel has not yet…
Politics
US Steel drops as Biden plans to block sale to Nippon Steel
PRESIDENT Joe Biden plans to formally block the US$14.1 billion sale of United States Steel to Nippon Steel on national security grounds…
News
Nippon Steel makes final push to win over US workers
NIPPON Steel clarified its spending plans at US mills owned by US Steel as part of last-ditch efforts to win over workers and politicians…
News
Soft as skin, strong as steel: Powerful magnetic muscles lift 1000x their weight
Researchers have engineered a material that is as soft as skin but remarkably strong. Ulsan National Institute of Science & Technology…
Politics
Colombia Hikes Tariffs on Cheap Steel Imports From China
(Bloomberg) -- Colombia became the latest Latin American country to raise tariffs on Chinese steel, as producers complain of the threat to…