UK Steel Calls for Capped Energy Prices Amid Industry Challenges
#SteelIndustry #EnergyPricesUK steel industry advocates for capped energy prices to match France and Germany, facing £68 MWh vs their £44 and £52; trump trade war impact. UK Steel calls for government support to compete. read more
Trump Administration Imposes 25% Tariffs on Foreign Steel and Aluminum
#Trumpadministration #SteelindustryDonald Trump announces 25% tariffs on foreign steel and aluminum to boost US economy by leveling the playing field and ensuring critical industries' independence. The move drew warnings of retaliation from trade partners and is part of Trump's plan to impose tariffs on various products. read more
US Steel and Nippon Steel Sue Biden Over Blocked Buyout
#SteelIndustry #BidenAdministrationUS Steel and Nippon Steel are suing Joe Biden for blocking a $14.9bn deal over national security concerns. Despite Nippon's efforts to address issues, the deal faces opposition from political and union resistance, risking US jobs and potentially moving its headquarters. read more
Biden's Block on Nippon Steel Deal Sparks Uncertainty for U.S. Steel
#Biden #SteelIndustryPresident Biden's decision to block Japanese company Nippon Steel from taking over U.S. Steel is aimed at safeguarding American jobs but has sparked uncertainty instead. This move, just before Biden's term ends, reflects a shift towards protectionism and may leave U.S. Steel vulnerable. read more
Metinvest CEO Urges Security Guarantees for Ukraine's Economic Recovery
#Metinvest #SteelIndustryMetinvest’s Zaporizhzhia steelworks operates at three-quarters capacity amid concerns over Trump’s war plans. CEO emphasizes the need for security guarantees for economic recovery. Threats near key coalmine pose risks. Logistics remain challenging. Industry expects gradual global demand recovery. read more
#Biden #steelindustry
President Biden announced plans to increase tariffs on Chinese steel, block Japanese takeover of US Steel during a speech in Pittsburgh, Pennsylvania. He emphasized the importance of protecting American jobs against unfair competition and is on a campaign-trail swing through crucial battleground state Pennsylvania. read more