Anti-Dumping Investigations and Tariff Threats Rattle Steel Traders – OilPrice.com
via Metal minor “The import market is currently slow. A trader said on January 24. They mentioned a Dumping prevention survey on HRC imports from Japan, Egypt, India, and Vietnam. European Commission It started in August. This movement was on behalf of the European Steel Association on behalf of the members. The results of the […]
Can Trump revive American steel?
Before the election famous for the Joe Logan Experience, Donald Trump discussed the use of tariffs to strengthen the American industry, including iron. This was one of the most colorful moments in the interview, but worth a revival. Mr. Trump said, “I do not allow enemies to come to work and take a factory … […]
MICHELLE STEEL: Trump’s America First Foreign Policy Could Be His Longest Lasting Achievement
What’s next for Canada, Panama and Greenland? Americans have given President-elect Donald Trump a mandate to rebuild the economy, reduce inflation, and end the awakening challenges. But when history is written, President Trump's America First foreign policy may be his most important and lasting legacy. Look at his first term. Trump will tear up bad […]
U.S. Steel, Japanese Corp. File Lawsuits After Foreign Acquisition Is Blocked
U.S. Steel filed two joint lawsuits with Nippon Steel after President Joe Biden blocked the Japanese company's takeover of the iconic American company. lawsuit target In addition to the Biden administration, which blocked the deal, the United Steelworkers (USW) and Ohio-based Cleveland-Cliffs also claim that U.S. Steel and Nippon Steel illegally coordinated to block the […]
U.S. Steel And Nippon Sue Biden Over Blocked $14B Deal, Calling It ‘Corrupt and Shameful’
On January 6, 2025, the logo of Nippon Steel, Japan's largest steel manufacturer, is displayed in front of its headquarters in Tokyo. Japanese Prime Minister Shigeru Ishiba on January 6 asked US President Joe Biden to clarify why he blocked a controversial $14.9 billion funding package. Nippon Steel's agreement to acquire US Steel. (Photo courtesy […]
Biden’s Decision To Block US Steel Deal Sparks Lawsuits, Backlash From Japan
The Biden administration's decision to terminate the U.S. Steel acquisition triggered multiple lawsuits and a backlash from Japan. President Joe Biden has blocked a roughly $15 billion takeover bid from Japan's Nippon Steel. sick steel manufacturer friday, are discussing The deal posed a threat to U.S. national security and supply chain resilience. The decision sparked […]
US Steel, Nippon sue Biden over move to block $14B merger
U.S. Steel and Nippon Steel sued the U.S. government on Monday to revive their $14 billion merger after President Biden blocked the deal last week. The CEO of U.S. Steel called. It's a “shameful” capitulation to union leaders. The lawsuit, filed in federal court in Washington, accuses Biden and administration officials of corrupting the deal […]
Nippon Steel and US Steel sue Biden administration over blocked merger
U.S. Steel and Japanese steelmaker Nippon Steel filed a lawsuit against the U.S. government on Monday in a last-ditch effort to move forward with integration, but President Biden blocked the lawsuit on Friday, citing national security concerns. A new lawsuit accuses Biden of intervening in the merger review process for political gain and trying to […]
Nippon Steel says it’s suing Biden admin for blocking US Steel acquisition
U.S. Steel and Nippon Steel announced that they will file a joint lawsuit against the U.S. government and other parties in response to President Biden's move to block the agreement. FOX Business' Lydia Hu has more. Nippon Steel and US Steel Biden administration's The move is to block a roughly $15 billion deal in which […]
Rival CEO spread doubt about Nippon Steel deal prospects to Wall Street, documents allege
WASHINGTON—Nippon Steel Corp. faced skepticism about the Biden administration's $14.9 billion bid to buy U.S. Steel, while also battling headwinds from unforeseen sources. The CEOs of the company's rival bidders had repeatedly questioned the prospects for the deal. To all investors. Lourenco Goncalves, CEO of Cleveland-Cliffs, the steelmaker whose $7 billion takeover bid for U.S. […]