Pittsburgh's most storied steel company, U.S. Steel, is on the cusp of being bought by Japanese steelmaker Nippon Steel Corp. in a deal that's kicking up an election year political maelstrom.
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Home Steel News US’ steel coil imports soar in Dec 2024 m-o-m Topic Region The Latest Stainless Steel Carbon Steel Aluminum Longs, Pipes, Tubes Raw Materials Industrial Activities Government Policies Decarbonization Others US’ steel coil imports soar in Dec 2024 m-o-m ...
The company said the investment adds value to the Gary Works mill by increasing blast furnace efficiency without a reduction in the site's raw steel production, indicating that the pig iron caster will allow US Steel to keep its remaining blast furnaces online rather than idlin...
Challenging US steel tariffs. (News)
year, along with an endless casting and rolling line and advanced finishing capabilities. U.S. Steel says the mill will be the first in the U.S. to use endless casting and rolling technology, which will bring significant energy, efficiency and capability enhancements to the company’s ...
Steel, Chief Executive Eiji Hashimoto said Tuesday after President Joe Biden’s blocked the top Japanese steelmaker’s move. “There is no reason or need to give up,” he told reporters at company headquarters in Tokyo. “We are convinced it’s clearly beneficial for both nations.” Wh...
Updated on: January 6, 2025 / 10:47 AM EST/ CBS News U.S. Steel and Nippon Steel filed lawsuitson Monday overPresident Joe Biden's decisionto stop the Japanese company's proposed nearly $15 billion takeover of its Pittsburgh-based rival. ...
Last year, Trump said "I am totally against the once great and powerful U.S. Steel being bought by a foreign company, in this case Nippon Steel of Japan." However, Nippon Steel said on Thursday that its bid fits with Trump's goal of a stronger U.S. as the leaders of t...