Tag #Steel Industry

Showing 25 to 36 of 155 results

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Nippon Steel Completes US Steel Acquisition Amidst National Security Concerns

Nippon Steel finalized its \$14.9 billion acquisition of US Steel on Wednesday, including \$11 billion in US investments and a "golden share" granting the US government veto power over key decisions, after overcoming 18 months of delays due to national security concerns and union opposition.

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nbcnews.com
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Trump Approves Nippon Steel's U.S. Steel Acquisition Under Conditions

President Trump approved Nippon Steel's \$14.9 billion bid for U.S. Steel on Friday, conditional on \$11 billion in investments by 2028 and a 'golden share' for the U.S. government, reversing the Biden administration's block. The deal was met with initial opposition from both the Trump and Biden adm...

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bbc.com
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Farage's Plan to Reopen Port Talbot Blast Furnaces Faces Criticism

Reform UK leader Nigel Farage proposed reopening Port Talbot's closed blast furnaces, a plan industry sources deem impossible, requiring billions in investment and Welsh coal mining, despite the shift to greener steel production and criticisms from rivals.

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56% Bias Score

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telegraaf.nl
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US Tariffs Rise, Impacting Global Trade and Stock Markets

The US raised import tariffs on steel and aluminum to 50%, impacting global trade; ArcelorMittal's stock rose 1%; Philips will buy back €125 million in shares; China may order hundreds of Airbus planes; the Dutch economy is expected to grow by 1.5% this year, but faces uncertainties due to political...

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dailymail.co.uk
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Trump Touts Steel Deal, Union Remains Skeptical

President Trump will visit a U.S. Steel plant in West Mifflin, Pennsylvania on Friday to celebrate a new partnership with Nippon Steel projected to generate 70,000 jobs and $14 billion in investment, although the United Steelworkers union expresses skepticism about the deal's details.

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theglobeandmail.com
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Trump Approves Nippon Steel's $14.9B U.S. Steel Bid

President Trump voiced approval for Nippon Steel's $14.9 billion bid for U.S. Steel, claiming it will create at least 70,000 jobs and add $14 billion to the U.S. economy, reversing former President Biden's January rejection of the deal on national security grounds.

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es.euronews.com
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US-UK Trade Deal Reduces Tariffs on Autos, Aerospace; Steel Talks Continue

US President Trump and UK Prime Minister Keir Starmer signed a trade deal on Monday reducing tariffs on UK auto and aerospace imports to 10 percent and zero percent respectively, while steel tariffs remain under negotiation.

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theguardian.com
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Farage Calls for Coalmine Reopening to Fuel Steel Production

Nigel Farage proposed reopening Welsh coalmines to supply blast furnaces, arguing sufficient wages would attract miners and bolster steel production for increased military spending and housing, while acknowledging the need for national government cooperation and a net-zero policy reversal.

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Climate Action
theguardian.com
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US Tariffs, Cheap Chinese Steel Threaten to Wipe Out European Steel Industry

ThyssenKrupp warns of a potential European steel industry wipeout due to 50% US tariffs, high energy costs, and a 36% surge in cheap Chinese steel imports in Q1 2025; the EU is urged to implement emergency measures and pursue competitive energy pricing to save the sector.

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zeit.de
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NRW Rejects Thyssenkrupp State Intervention Amid Job Cut Controversy

North Rhine-Westphalia's Minister of Labor rejects state participation in Thyssenkrupp amid criticism over a 700 million euro subsidy and the announced elimination of 11,000 jobs; opposition parties demand accountability and job guarantees.

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us.cnn.com
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Trump Announces U.S. Steel-Nippon Steel Partnership, Securing $14 Billion Investment

President Trump announced a partnership between U.S. Steel and Nippon Steel, involving a $14 billion investment, creating at least 70,000 jobs, and keeping the headquarters in Pittsburgh, following the blocking of a previous acquisition by President Biden and concerns over foreign control.

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cbsnews.com
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Trump Announces U.S. Steel-Nippon Steel Partnership, Creating 70,000 Jobs

President Trump announced a "planned partnership" between U.S. Steel and Nippon Steel, reversing the Biden administration's block on a full acquisition, with projected job creation of 70,000 and $14 billion added to the U.S. economy.

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48% Bias Score

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Showing 25 to 36 of 155 results