Steel News

Survey: Metals Business Leaders Anticipate Economic Growth Under Trump

27 February 2025 - Nearly 70% of senior leaders at metal firms believe the Trump Administration's economic policies will positively impact GDP growth in 2025 and 2026, according to a newly released survey.

JSW Steel USA CEO: Tariffs Will Support Utilization

18 February 2025 - JSW Steel USA chief executive officer Robert Simon is anticipating that President Donald Trump’s steel tariffs will help drive utilization of the company’s facilities in Ohio and Texas.

EUROFER President: EU Must Strengthen Safeguard Measures

12 February 2025 - U.S. President Donald Trump’s 25% blanket tariff on steel and aluminum is a “radical escalation” of the trade war launched under his first administration, and the EU needs to take immediate steps to strengthen its safeguard tariff-rate quota system, the president of the European Steel Association (EUROFER) has said.

Trump Raises Steel Tariffs to 25%

11 February 2025 - Invoking Section 232, President Donald Trump on Monday imposed a blanket 25% tariff on steel and aluminum entering the U.S.

Trump Targets Key Imports With New Tariffs

28 January 2025 - President Donald Trump has targeted steel, aluminum and copper imports with new tariffs in an effort to ramp up U.S. production.

AISI Outlines Key Steel Industry Priorities

23 January 2025 - Enhancing existing trade measures and favorable tax policy top the U.S. steel industry’s list of policy priorities, according to the American Iron and Steel Institute (AISI).

McConnell: U. S. Steel Decision Is a Disservice to the Country

09 January 2025 - President Joe Biden’s decision to block the sale of United States Steel Corporation is a gift to organized labor that comes at the country's expense, U.S. Senate Minority Leader Mitch McConnell wrote in Wednesday’s The Wall Street Journal.

Report: Hyundai Eyes Louisiana for Steel Mill

07 January 2025 - Hyundai Motor Group is exploring the possibility of building a steel mill in Louisiana, reports The Korea Economic Daily.

Nippon Steel Chairman: No Reason to Give Up on U. S. Steel Deal

07 January 2025 - Nippon Steel Corp. has but one plan for its blocked acquisition of United States Steel Corporation — fight the decision in court.

U. S. Steel, Nippon Steel File Lawsuits Over Blocked Merger

06 January 2025 - United States Steel Corporation and Nippon Steel Corp. are appealing President Joe Biden's disapproval of their planned merger and suing the United Steelworkers union president as well as rival Cleveland-Cliffs Inc., contending that they colluded to thwart the deal.

Labor Caucus Tells Biden to “Repudiate” U. S. Steel Deal

18 December 2024 - The Congressional Labor Caucus has written to U.S. President Joe Biden, asking him to strongly repudiate Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, the Bloomberg news service reports.

Bloomberg Report Says Biden Intends to Halt U. S. Steel Deal

11 December 2024 - President Joe Biden plans to follow through on a pledge to block Nippon Steel Corp.’s acquisition of United States Steel Corporation, according to a Bloomberg report.

SSAB Receives Funding for Process Conversion

11 December 2024 - SSAB has been awarded SEK1.45 billion in public funding for decarbonization efforts at its Luleå plant.

Mittal: Better Policy Needed to Preserve European Steelmaking

04 December 2024 - If Europe wants to continue to produce iron and steel, then it must immediately commit to building a better policy framework, ArcelorMittal founder and executive chairman Lakshmi Mittal writes in a (London) Financial Times op-ed.

Fewer Regulatory Hurdles, More Energy Would Help European Green Steel Projects

06 November 2024 - To speed up progress in the European steel industry, policymakers ought to work to reduce red tape, lower energy costs and coordinate more with industry, several finance experts said Wednesday.

European Commission OKs Sweden’s Financial Support for SSAB Project

21 October 2024 - The European Commission has approved Sweden’s plan to provide a EUR128 million grant to SSAB’s mini-mill project in Luleå.

ArcelorMittal Urges EU Action on Steel Plan

30 September 2024 - ArcelorMittal Europe chief executive officer Geert Van Poelvoorde has urged the European Union and the Polish government to adopt policies that will enable the industry to thrive.

Harris: Domestic Ownership of U. S. Steel Trumps Potential Job Losses

26 September 2024 - U.S. presidential candidate Kamala Harris on Wednesday reiterated her support for a domestically owned United States Steel Corporation, saying that control of the company outweighs the potential for job losses, reports the Bloomberg news service.

U.S. Energy Department Announces Effort to Measure Carbon Intensity of Industrial Products

25 September 2024 - The U.S. Department of Energy (DOE) is initiating a pilot project that will attempt to measure the greenhouse gas (GHG) intensity of certain industrial products, it said on Wednesday.

Report: China’s Steel Industry Could See Wave of Consolidation

23 September 2024 - With nearly 75% of China’s steel producers posting losses in the first half of this year, bankruptcy is a looming risk — and one that could spur consolidation among domestic producers, reports the Bloomberg news service.