North America Archives - Page 4 of 9 - Arab Iron and Steel Union

Trump: Japan’s Nippon Steel to invest in US Steel instead of acquiring it

US President Donald Trump said that Japanese steel company Nippon Steel will not buy US Steel as planned, and that the Japanese company will instead invest in the symbolically important US company. Trump said at a news conference with Japanese Prime Minister Shigeru Ishiba that Nippon Steel “will do something very exciting with U.S. Steel,” […]

Trump: Japan’s Nippon Steel to invest in US Steel instead of acquiring it Read More »

Steelmakers in Canada, Mexico Refuse Down New U.S. Orders

News / user

Some steelmakers in Canada and Mexico have told customers they are turning down new orders from the United States over concerns that President Donald Trump will soon reimpose tariffs. Canadian steelmaker Steelco Inc. has told U.S. consumers it has halted sales offers, according to a person familiar with the matter. Steel suppliers in Mexico also

Steelmakers in Canada, Mexico Refuse Down New U.S. Orders Read More »

Nippon Steel’s US Steel takeover block delayed until June

News / user

The Biden administration has delayed an executive order for Nippon Steel to abandon its $14.9 billion bid for US Steel until the current takeover contract expires in June. “We are pleased that the Committee on Foreign Investment in the United States has granted an extension until June 18 of the requirement in President Biden’s executive

Nippon Steel’s US Steel takeover block delayed until June Read More »

Nippon Steel warns Trump: Tariffs won’t boost US steel industry

News / user

As Japan’s Nippon Steel scrambles to persuade the incoming US administration, led by Donald Trump, to reconsider its controversial $15 billion acquisition of US Steel, the company’s chairman and CEO has issued an important warning: Tariffs alone won’t boost the US steel industry. In his first public appearance since US President Joe Biden blocked the

Nippon Steel warns Trump: Tariffs won’t boost US steel industry Read More »

Tokyo regrets decision to block US Steel acquisition

News / user

Japan’s industry minister said US President Joe Biden’s decision to block Japanese steel giant Nippon Steel from acquiring US steel giant US Steel was “regrettable and incomprehensible”. Japan’s Minister of Economy, Trade and Industry Yuji Muto said in a statement that “it is incomprehensible and regrettable that the Biden administration would make such a decision

Tokyo regrets decision to block US Steel acquisition Read More »

Biden blocks sale of US Steel to Japan’s Nippon Steel

News / user

US President Joe Biden has blocked the $14.1 billion sale of United States Steel to Nippon Steel, halting a deal that has sparked a political firestorm and tensions between the United States and Japan. Biden made his formal decision on Friday after the case was referred to him by a US security review board, ahead

Biden blocks sale of US Steel to Japan’s Nippon Steel Read More »

Washington Post: Nippon Steel pledges not to cut US steel production for 10 years

News / user

The Washington Post reported that Japan’s Nippon Steel has offered a 10-year guarantee not to cut production at any US Steel plants without federal approval, in an attempt to complete its planned purchase of the US steelmaker. The newspaper said that Nippon Steel has proposed giving the US government veto power over any potential capacity

Washington Post: Nippon Steel pledges not to cut US steel production for 10 years Read More »

US to continue AD duty on rebar from 7 countries

News / user

The US Department of Commerce (DOC) has announced the final results of the sunset reviews of the antidumping duty (AD) orders on rebar from Belarus, China, Indonesia, Latvia, Moldova, Poland, and Ukraine. The DOC found that revocation of the antidumping duty orders on the given product from the given seven countries would likely to lead

US to continue AD duty on rebar from 7 countries Read More »

Canada Sets Anti-Dumping Duty on Rebar Imports from UAE, Bulgaria, Thailand

News / user

The Canada Border Services Agency (CBSA) has announced the final determination in its anti-dumping (AD) investigation concerning rebar imports from the UAE, Bulgaria, and Thailand. In its findings, the CBSA assigned UAE-based Conares a final dumping margin of 4.2pct, a significant increase from the preliminary margin of 0.4pct issued earlier. Thai Steel Profile Public Company

Canada Sets Anti-Dumping Duty on Rebar Imports from UAE, Bulgaria, Thailand Read More »

Biden to decide fate of Japan’s acquisition of US Steel

News / user

A broad-based US government panel has failed to reach a consensus on the potential risks that a potential acquisition of Japanese steelmaker Nippon Steel of rival US Steel could pose, leaving the final decision on the deal in the hands of President Joe Biden, who has long opposed it. The White House said the Committee

Biden to decide fate of Japan’s acquisition of US Steel Read More »

US rebar imports up 56.4% in October, Algeria leads

News / user

According to preliminary census data from the US Department of Commerce, US imports of rebar totaled 87,770 mt in October this year, up 56.4% month on month and down 8.2% year on year. By value, rebar imports totaled $52.4 million in October this year, compared to $26.3 million in September and $56.5 million in October

US rebar imports up 56.4% in October, Algeria leads Read More »

Nippon Steel accuses White House of undue influence in U.S. Steel deal

News / user

Japanese Nippon Steel has accused the White House of undue influence over a security review of its $14.9 billion acquisition of United States Steel, and threatened legal action if the deal is blocked, Reuters reported. The accusation was made in a letter dated Dec. 17, signed by lawyers for Nippon Steel and U.S. Steel, to

Nippon Steel accuses White House of undue influence in U.S. Steel deal Read More »

US steel imports up 10.7% in October 2024

News / user

According to preliminary census data from the US Department of Commerce, US monthly steel imports in October this year up 10.7% from September and up 8.2% year on year to total 2,174,363 mt. According to the American Iron and Steel Institute (AISI), the share of imports in the US steel market in October 2024 was

US steel imports up 10.7% in October 2024 Read More »

US Federal Reserve cuts interest rates for the third time in a row in 2024

News / user

The Federal Reserve cut its main interest rate for the third time in a row by about a quarter of a percentage point to a range of 4.25%-4.50%. The decision of the US central bank, headed by Jerome Powell, comes in response to the continued slowdown in inflationary pressures that have strained the US economy

US Federal Reserve cuts interest rates for the third time in a row in 2024 Read More »

Trump vows to block Japanese steel giant Nippon Steel from acquiring US Steel

News / user

US President-elect Donald Trump has announced that he will block Japanese steel giant Nippon Steel from acquiring its American rival US Steel, a deal that was announced a year ago and worth $14.9 billion. “I am totally opposed to the once great and powerful US Steel being acquired by a foreign company, in this case

Trump vows to block Japanese steel giant Nippon Steel from acquiring US Steel Read More »

US President-elect Trump sets new tariffs that may raise aluminum and steel prices in America

News / wessam ahmed

President-elect Donald Trump’s plan to impose 25% tariffs on all goods from Canada and Mexico would push steel and aluminum prices across the United States higher, according to Citigroup analysts. Aluminum and steel face the biggest impacts from Trump’s tariff threat, with Canada and Mexico being major suppliers to the United States, according to analysts

US President-elect Trump sets new tariffs that may raise aluminum and steel prices in America Read More »

US raises tariffs on Japan’s Nippon Steel

News / user

The US Commerce Department has approved a tariff increase on Nippon Steel, as the Japanese steelmaker promised to fight imports to secure support for its $14.1 billion deal to acquire US Steel. The Commerce Department imposed a 29% anti-dumping duty on Nippon Steel for selling hot-rolled steel in the United States at below-normal prices from

US raises tariffs on Japan’s Nippon Steel Read More »

Financial Times: The trade dispute over steel between Brussels and Washington is renewed

News / user

The British newspaper, Financial Times, reported that the frozen trade dispute over steel has become an early test for the European Union’s relationship with the incoming administration of US President-elect Donald Trump. The outgoing US President Joe Biden had reached a truce with the European Union in the conflict that erupted when former President Donald

Financial Times: The trade dispute over steel between Brussels and Washington is renewed Read More »

US steel exports down 13.3% in September

News / user

According to export data from the US Department of Commerce, monthly steel exports in September this year decreased 11.3% from August and down 13.3% year on year to 379,700 mt. In terms of value, US steel exports in September totaled $1.19 billion, compared to $1.33 billion in August and $1.27 billion in September last year.

US steel exports down 13.3% in September Read More »

US rebar imports down 24.3% in August

News / user

According to preliminary census data from the US Department of Commerce, US imports of rebar totaled 63,287 mt in August this year, down 24.3% month on month and down 144.2% year on year. By value, rebar imports totaled $41.4 million in August this year, compared to $47.5 million in July and $93.8 million in August

US rebar imports down 24.3% in August Read More »

Canada to impose tariffs on Chinese steel, aluminum

News / user

Canada has published a list of dozens of Chinese steel and aluminum products that will be hit with 25% tariffs, starting in three weeks. The tariffs, announced in August alongside a 100% tax on electric cars made in China, bring Canada’s trade policy more in line with that of its closest allies and are aimed

Canada to impose tariffs on Chinese steel, aluminum Read More »

US Steel shares rise after Nippon takeover decision delayed until after election

News / user

U.S. Steel saw its shares rise more than 3% after news that a U.S. security panel has given Nippon Steel permission to resubmit its plans to buy the company for $14.1 billion. A U.S. national security panel reviewing Nippon Steel’s $14.9 billion bid for U.S. Steel has allowed the two companies to resubmit their application

US Steel shares rise after Nippon takeover decision delayed until after election Read More »

Last-ditch effort to save Nippon Steel’s US Steel takeover

News / user

Nippon Steel Vice President Takahiro Mori is heading to Washington today to meet with senior US officials in a last-ditch effort to save the $15 billion US Steel takeover. The visit comes as the deal faces opposition from President Joe Biden and Vice President Kamala Harris, who have expressed concerns about national security. The deal

Last-ditch effort to save Nippon Steel’s US Steel takeover Read More »

US Steel warns of shutdown if sales fall

News / user

US Steel will close its steel mills and possibly move its headquarters out of Pittsburgh, Pennsylvania, if its planned sale to Japan’s Nippon Steel falls through, its chief executive said. Nippon Steel has pledged to invest about $3 billion in its aging Pittsburgh plants, which is crucial to keeping the company competitive and jobs, the

US Steel warns of shutdown if sales fall Read More »

U.S. Steel shares fall more than 15% after report White House seeks to block Nippon Steel takeover

News / user

U.S. Steel shares fell more than 15% after report White House seeks to block Nippon Steel’s takeover of Japan. The drop comes after Democratic presidential candidate Kamala Harris this week echoed President Joe Biden’s concerns about the $15 billion deal, saying U.S. Steel “should remain American-owned and operated.” People familiar with the matter told The

U.S. Steel shares fall more than 15% after report White House seeks to block Nippon Steel takeover Read More »

Harris rejects sale of US Steel to Japan’s Nippon Steel

News / user

A source close to US Vice President and Democratic presidential candidate Kamala Harris revealed that she insists on the continued ownership and management of US Steel Corp, which represents an obstacle to the Japanese steel company Nippon Steel Corp’s attempt to acquire the US company. Bloomberg quoted the source as saying that Harris, who will

Harris rejects sale of US Steel to Japan’s Nippon Steel Read More »

US supports Canada’s move to impose trade restrictions on Chinese exports

News / user

The US Trade Representative has expressed strong support for Canada’s decision to impose 100% tariffs on Chinese-made electric vehicles and 25% on Chinese steel and aluminum, as she finalizes planned US restrictions at similar rates. In a statement from her office on Thursday, Katherine Tai commended Canada’s decision to take strong action against state-backed, unfair

US supports Canada’s move to impose trade restrictions on Chinese exports Read More »

Algeria tops rebar exporters to US in June 2024

News / user

According to preliminary census data from the US Department of Commerce, US imports of rebar totaled 52,392 mt in June this year, down 53.7% month on month and down 72.8% year on year. By value, rebar imports totaled $33.4 million in June this year, compared to $72.3 million in May and $123.0 million in June

Algeria tops rebar exporters to US in June 2024 Read More »

Canada to impose 100% tariff on Chinese electric vehicles, 25% on steel

News / user

Canadian Prime Minister Justin Trudeau announced a 100% tariff on Chinese electric vehicle imports, in line with U.S. measures aimed at stemming the flow of state-subsidized Chinese vehicles into North America. He also unveiled an additional 25% tax on steel and aluminum products from China. The additional tax on electric vehicles will take effect on

Canada to impose 100% tariff on Chinese electric vehicles, 25% on steel Read More »

US steelmakers are bracing for lower second-quarter profits amid falling prices

News / mtaha

Major U.S. steelmakers, including Nucor (NYSE:NUE), Steel Dynamics (NASDAQ:STLD) and U.S. Steel, to announce a decline in second-quarter earnings. Analysts note that the steel industry may continue to face challenges due to further decline in steel prices as the steel season approaches, which is typically a slower period for steel consumption. These companies have already

US steelmakers are bracing for lower second-quarter profits amid falling prices Read More »

North America

Trump: Japan’s Nippon Steel to invest in US Steel instead of acquiring it

Steelmakers in Canada, Mexico Refuse Down New U.S. Orders

Nippon Steel’s US Steel takeover block delayed until June

Nippon Steel warns Trump: Tariffs won’t boost US steel industry

Tokyo regrets decision to block US Steel acquisition

Biden blocks sale of US Steel to Japan’s Nippon Steel

Washington Post: Nippon Steel pledges not to cut US steel production for 10 years

US to continue AD duty on rebar from 7 countries

Canada Sets Anti-Dumping Duty on Rebar Imports from UAE, Bulgaria, Thailand

Biden to decide fate of Japan’s acquisition of US Steel

US rebar imports up 56.4% in October, Algeria leads

Nippon Steel accuses White House of undue influence in U.S. Steel deal

US steel imports up 10.7% in October 2024

US Federal Reserve cuts interest rates for the third time in a row in 2024

Trump vows to block Japanese steel giant Nippon Steel from acquiring US Steel

US President-elect Trump sets new tariffs that may raise aluminum and steel prices in America

US raises tariffs on Japan’s Nippon Steel

Financial Times: The trade dispute over steel between Brussels and Washington is renewed

US steel exports down 13.3% in September

US rebar imports down 24.3% in August

Canada to impose tariffs on Chinese steel, aluminum

US Steel shares rise after Nippon takeover decision delayed until after election

Last-ditch effort to save Nippon Steel’s US Steel takeover

US Steel warns of shutdown if sales fall

U.S. Steel shares fall more than 15% after report White House seeks to block Nippon Steel takeover

Harris rejects sale of US Steel to Japan’s Nippon Steel

US supports Canada’s move to impose trade restrictions on Chinese exports

Algeria tops rebar exporters to US in June 2024

Canada to impose 100% tariff on Chinese electric vehicles, 25% on steel

US steelmakers are bracing for lower second-quarter profits amid falling prices

92 Members

28 Board of Directors

17 Country

300.000 Employees