Steel

Government, Business, Equipment

Appeals Court Upholds Trump’s 25% Steel Import Tariffs

Steel plant in Germany Sparks fly from a blast furnace at steel plant in Duisburg, Germany. Krisztian Bocsi/Bloomberg

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

A steel stock yard on the outskirts of Shanghai, China, in July 2018. A steel stock yard on the outskirts of Shanghai, China, in July 2018. (Qilai Shen/Bloomberg News)

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

Steel at a Nucor plant Rolls of steel weighing as much as 20 tons each await shipment at the Nucor Corp. plant in Ghent, Ky., in 2018. (Timothy D. Easley/Associated Press)

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

U.S. Steel plant Paul Sancya/AP

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.

December 20, 2019
Government, Business

Trump Says He’ll Place Tariffs on Steel, Aluminum From Argentina, Brazil

Steel plant Martin Divisek/Bloomberg News

WASHINGTON — President Donald Trump on Dec. 2 accused Argentina and Brazil of hurting American farmers through currency manipulation and said he’ll slap tariffs on their steel and aluminum imports to retaliate.

Darlene Superville | Associated Press
December 2, 2019
Government, Business

GM Strike Sends Another Knock to Wobbly US Steel Sector

Steel coils sit at an Ohio factory Galvanized steel coils await shipment at ArcelorMittal Steel's hot dip galvanizing line in Cuyahoga Heights, Ohio. (Mark Duncan/Associated Press)

With its midyear recovery already in doubt, the American steel industry now has a little more to worry about with each passing day a strike drags on at General Motors Co.

Joe Deaux | Bloomberg News
October 8, 2019
Government, Business, Logistics

US Steel Stock Takes Hit, Earnings Estimates Missed

Steel Yard Daniel Acker/Bloomberg News

U.S. Steel Corp. said it expects to report a wider loss than analysts were expecting, the third American steelmaker in three days to warn on their outlook. The shares fell.

Joe Richter and Joe Deaux | Bloomberg News
September 19, 2019
Business, Technology

Hydrogen a Climate Alternative for Steel

Steel Martin Divisek/Bloomberg News

Steel could shed its reputation as a climate threat by using hydrogen instead of fossil fuels for as much as half of global output by 2050, according to BloombergNEF.

August 29, 2019