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Steel
Government, Business

Biden to Require US-Made Steel, Iron for Infrastructure

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WASHINGTON — The Biden administration is taking a key step toward ensuring that federal dollars will support U.S. manufacturing — issuing requirements for how projects funded by the $1 trillion bipartisan infrastructure package source their construction material.

Josh Boak | The Associated Press
April 18, 2022
Business, Equipment, Logistics

Sinking Auto Steel Demand Reveals Cracks in Robust US Market

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The record steel rally is starting to show early signs of cooling, with one top U.S. producer scouring for buyers to take over abandoned orders of high-end metal used by automakers.

Joe Deaux | Bloomberg News
November 2, 2021
Business, Logistics

Top Stainless Steel Maker Roiled by Supply Chain Woes

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In another sign of how supply chains are being snarled all over the world, a leading U.S. maker of stainless steel was forced to declare force majeure at its Kentucky mill because it can’t get enough of the industrial gases it needs.

Yvonne Yue Li | Bloomberg News
July 12, 2021
Government, Business, Logistics

EU, US Reach Truce on Metal Tariffs Ahead of Biden Visit

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The European Union agreed to avoid escalating its dispute with the U.S. over metal tariffs, sparing iconic products such as bourbon whiskey and Harley-Davidson motorbikes from a doubling of EU duties next month.

Viktoria Dendrinou and Katharina Rosskopf | Bloomberg News
May 17, 2021
Government, Business, Logistics

Supreme Court Rejects Challenge to Trump’s 25% Steel Tariffs

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The U.S. Supreme Court left intact President Donald Trump’s 25% tariffs on imported steel products, rejecting an industry trade group challenge that sought to strip the president of a powerful legal tool for imposing duties.

Greg Stohr | Bloomberg News
June 22, 2020
Business

U.S. Steel Foreshadows Blue-Collar Pain With 2,700 Layoffs

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U.S. Steel Corp. expects to lay off about 2,700 employees as the virus forces the company to idle most of its blast furnaces.

Joe Deaux | Bloomberg News
May 1, 2020
Government, Business, Equipment

Appeals Court Upholds Trump’s 25% Steel Import Tariffs

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President Donald Trump acted within his authority when he imposed a 25% tariff on certain steel imports effective March 2018, a U.S. appeals court ruled Feb. 28.

Susan Decker | Bloomberg News
February 28, 2020
Business

Top Steelmaker Sounds Alarm as Coronavirus Spreads

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The most influential mills group in the world’s largest steelmaker has sounded the alarm about the outlook as the coronavirus crisis rips through China’s economy, warning of transport snarls, weaker demand and a situation this quarter that “does not look optimistic.”

Krystal Chia | Bloomberg News
February 6, 2020
Government, Business

US Steelmaker Nucor Corp. Raises Prices for Fifth Time in Two Months

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Nucor Corp., the largest U.S. steelmaker, raised prices for a fifth time since late October, adding to signs of a rebound in the industry.

Yvonne Yue Li and Joe Deaux | Bloomberg News
January 8, 2020
Business

US Steel to Eliminate 1,545 Michigan Jobs

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U.S. Steel Corp. warned of a fourth-quarter loss, announced it would shut down most of its Great Lakes Works near Detroit, lay off more than 1,500 workers and slash its dividend.

Jake Lloyd-Smith and Joe Deaux | Bloomberg News
December 20, 2019

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