Culture
US Steel, Nippon Steel were blindsided by Trump investment talk
US PRESIDENT Donald Trump’s comments last week that Nippon Steel would invest in United States Steel instead of pursuing a takeover…
Tag
Steel
News
Steel and Aluminum Tariffs May Raise US Manufacturing Costs
America has seen this movie before: President Trump, who imposed stiff tariffs on Monday on imported steel and aluminum, did so once…
News
Trump’s Tariffs on Steel and Aluminum Re-Up Contentious First-Term Policies
President Trump is poised to move forward with sweeping tariffs on foreign steel and aluminum on Monday, re-upping a policy from his first…
News
Trump Will Impose Tariffs on Steel and Aluminum on Monday
President Trump on Sunday said that he would impose a 25 percent tariff on all foreign steel and aluminum imports into the United States…
Culture
Nippon Steel slumps after Trump suggests US Steel investment
NIPPON Steel slumped the most in four months after a closely watched summit between US President Donald Trump and Japanese Prime Minster…
News
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…
Fashion
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…
Fashion
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…
Culture
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…
News
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…
Culture
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…
Culture
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…
Culture
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…
News
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…
Culture
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…
News
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…
Culture
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…
Culture
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…
Culture
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…
Fashion
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…
Fashion
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…
Culture
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…
Culture
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…