U.S. Steel Prices Pressured by Influx of Vietnamese Imports – OilPrice.com
via Metal Miner of Monthly Metals Index (MMI) From May to June, it remained stable with a small decrease of 1.33%. Overall, U.S. flat steel prices were weak, with declines accelerating throughout June. HRC prices fell about 9%, their biggest month-on-month decline since February. CRC and HDG prices each fell 6%, while flat steel prices […]
Union plans to escalate action over job losses at two steelworks in Wales | Steel industry
Trade union leaders are preparing to intensify strike action at two south Wales steelworks as a dispute over the cuts of around 3,000 jobs intensifies, threatening to become a major issue in the general election. Unite said the measures at the Port Talbot and Llanwern plants were planned after the plants’ Indian owner, Tata Steel, […]
Washington state teen, 19, plummets 400 feet near iconic High Steel Bridge and survives
A 19-year-old man survived a fall into a 400-foot ravine beneath a popular bridge in Washington state over Memorial Day weekend, authorities said. The Mascon County Sheriff’s Office said the man fell Saturday while attempting to walk under the High Steel Bridge, one of the highest railroad bridges in the United States. According to the […]
Biden slaps tariffs on Chinese EVs, steel in pre-election escalation of Trump trade war
WASHINGTON – President Biden announced new tariffs on Chinese goods on Tuesday. Former President Donald Trump is escalating his trade war with China while trying to narrow the Republican lead in economic polls. The tariffs will apply to about $18 billion a year in imports, including metals such as steel and aluminum. Green energy technologies […]
Sens. Hawley, Rubio, Vance Demand Joe Biden Block Japanese Corp. from Buying U.S. Steel
Sen. Josh Hawley (R-Missouri), Sen. Marco Rubio (R-Fla.), and Sen. J.D. Vance (R-Ohio) are calling on President Joe Biden to approve Nippon Steel’s United States They are demanding that the acquisition of Steel Corporation be blocked. As Breitbart News reported in December, executives at U.S. Steel and Nippon Steel announced a nearly $15 billion deal […]
Japanese Corp Says DOJ Requested a Delay on Purchase of U.S. Steel, Insists It Has Nothing to Do with 2024 Election
TOKYO (AP) – Nippon Steel said Friday it will delay the completion of its planned $14.1 billion acquisition of U.S. Steel by three months after the U.S. Department of Justice requested additional documentation related to the deal. Tokyo-based Nippon Steel said the deal has already been approved by U.S. Steel shareholders and is expected to […]
Nippon Steel postpones US Steel acquisition closing
Nippon Steel Said On Friday, the company postponed the closing date for its $14.9 billion acquisition of U.S. Steel after the Department of Justice (DOJ) requested additional information and documents related to the deal. Japan announced that it has revised the expected completion date of the transaction from the second or third quarter of calendar […]
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 April 1, Sen. Sherrod Brown (D-Ohio) became the first to send a letter to President Joe Biden about Nippon. He asked him to review a report by a business intelligence firm […]
US steel, Nippon deal | Fox Business
FOX Business Correspondent Lydia Hu gave an update on the deal, which she believes will make the steel industry “stronger and more competitive,” on “The Bottom Line.” U.S. Steel shareholders have approved a controversial $14.1 billion acquisition by Japanese-owned Nippon Steel. U.S. Steel said more than 98% of its shares voted to approve the merger […]
US Steel shareholders approve Nippon buyout despite political opposition
U.S. Steel shareholders on Friday approved a $14.9 billion acquisition by Japan’s Nippon Steel, despite opposition from the Biden administration, steelworkers and members of Congress. “#USSteel is pleased to report that, based on preliminary vote counts, 98% of our stockholders voted to approve our proposed merger with Nippon Steel,” US Steel announced. post Go to […]