Pension campaigners for Allied Steel and Wire urge that surplus funds be utilized.
Pensioners from Cardiff Plant, who lost their pensions after arrests over two decades ago, are now pushing to use a surplus from the Pension Protection Fund for compensation. Workers from Allied Steel and Wire have managed to recover about 90% of their pensions, yet those funds are diminishing as they don’t keep pace with inflation. […]
US Steel and Nippon Steel establish significant collaboration
US Steel Confirms Merger with Japan’s Largest Steel Industry Player On Wednesday, US Steel announced that it had officially merged with Japan’s top steel manufacturer, Nippon Steel. President Trump applauded the merger, describing it as a collaboration expected to increase investments in several states including Pennsylvania, Indiana, Arkansas, Minnesota, and Alabama. He emphasized that this […]
Nippon Steel completes its $15 billion acquisition of US Steel, heavily influenced by Trump.
After a lengthy 18-month process, Japanese firms are confirming the significant influence of the Trump administration. On Wednesday, Nippon Steel finalized its acquisition of US Steel for $14.9 billion. As per the agreement, Nippon Steel purchased all US Steel shares at $55 each, mirroring an offer made back in December 2023 to a well-known, struggling […]
Praise to Trump for backing the Nippon-US Steel agreement, preserving jobs and investment
Former President Donald Trump has achieved a significant success for the U.S. with a deal linking a Pittsburgh-based steel company to Japan’s Nippon Steel. This collaboration is expected to aid American workers and bolster the steel sector while strengthening ties with Japan. Trump’s executive order has laid the groundwork for this agreement, allowing the American […]
Trump paves the way for Nippon Steel to invest in US Steel, granting the government a ‘golden share’
Trump Signs Executive Order to Facilitate Japanese Steel Investment in the US President Donald Trump signed an executive order on Friday aimed at encouraging Japanese investment in U.S. steel, contingent upon compliance with a “national security agreement” outlined by the federal government. The specifics of this national security agreement weren’t disclosed in the executive order. […]
Canned food prices may increase by up to 30 cents each because of tariffs on steel.
Prices for cans of soup, beans, and even pineapples are likely to rise—not necessarily because of the food inside, but due to the can itself. The Trump administration’s recent decision to increase tariffs on imported steel by 50% is projected to elevate the cost of tin-coated steel, a crucial component for food cans. Experts in […]
Stainless Steel Market Responds to Tariff Increases – Today’s Crude Oil Prices
Customs Hike Shakes Up the US Stainless Steel Market Recently, the U.S. stainless steel market has been unsettled by a significant increase in tariffs. President Trump’s adjustments to the Section 232 Tax raised import duties on steel and aluminum from 25% to 50%. This change took effect on June 4, catching both suppliers and buyers […]
Farage Supports Reopening Welsh Coal Mines to Protect UK Steel Sector
Reopening Welsh Coal Mines for UK Steel Industry Nigel Farage, the leader of Reform UK, is advocating for the reopening of coal mines in Wales as a means to revitalize the struggling steel industry in the UK. This push comes as a criticism of the current government’s policies. Historically, the Labour Party opposed the closure […]
Trump increases steel tariffs to address foreign market manipulation
New Steel Tariff Increases to Protect U.S. Industry Peter Navarro, senior counselor for trade and manufacturing at the White House, recently addressed the necessity of introducing higher tariffs, which he referred to as “big and beautiful bills,” alongside ongoing global trade negotiations. President Trump announced a significant rise in iron tariffs from 25% to 50%, […]
Examining the Effects of 50% Tariffs on Aluminum and Steel – Current Crude Oil Prices
Trump’s New Tariff Plans Announced During a rally at the Ilbin factory close to Pittsburgh last Friday, U.S. President Trump unveiled his intention to increase tariffs on steel and aluminum imports. These tariffs, likely referred to as “Trump Duties,” will range from 25% to 50% and are expected to go into effect on June 4, […]