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.
February 28, 2020Steel
Government, Business, Equipment
Sparks fly from a blast furnace at steel plant in Duisburg, Germany. Krisztian Bocsi/Bloomberg
Appeals Court Upholds Trump’s 25% Steel Import Tariffs
Sparks fly from a blast furnace at steel plant in Duisburg, Germany. Krisztian Bocsi/Bloomberg
Business
A steel stock yard on the outskirts of Shanghai, China, in July 2018. (Qilai Shen/Bloomberg News)
Top Steelmaker Sounds Alarm as Coronavirus Spreads
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.”
February 6, 2020
Government, Business
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)
US Steelmaker Nucor Corp. Raises Prices for Fifth Time in Two Months
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.
January 8, 2020
Business
Paul Sancya/AP
US Steel to Eliminate 1,545 Michigan Jobs
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
Martin Divisek/Bloomberg News
Trump Says He’ll Place Tariffs on Steel, Aluminum From Argentina, Brazil
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.
December 2, 2019
Government, Business
Galvanized steel coils await shipment at ArcelorMittal Steel's hot dip galvanizing line in Cuyahoga Heights, Ohio. (Mark Duncan/Associated Press)
GM Strike Sends Another Knock to Wobbly US Steel Sector
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.
October 8, 2019
Government, Business, Logistics
Daniel Acker/Bloomberg News
US Steel Stock Takes Hit, Earnings Estimates Missed
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.
September 19, 2019
Business, Technology
Martin Divisek/Bloomberg News
Hydrogen a Climate Alternative for 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, 2019Follow Us
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