updated Tue. July 9, 2024
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The Guardian
April 25, 2018
Australia is hoping to secure a permanent exemption to US steel tariffs before they come into force on 1 May but if not will have to rely on another temporary reprieve, the Australian Industry Group says. The 1 May deadline when US steel tariffs will apply to all countries including Australia is fast approachingÃâà...
NPR
April 25, 2018
President Trump's tariffs on imported steel aren't the first time the industry has gotten protection from the U.S. government. Not by a long shot. In fact, tariff protection for the industry — which politicians often say is a vital national interest — goes back to the very beginning of the republic.
Yahoo Finance
April 25, 2018
The steel giant swung to a profit in the fourth quarter of 2017, helped by benefits from the investments in its assets. It reported net earnings of $159 million or 90 cents per share in the quarter against net loss of $105 million or 61 cents recorded a year ago. Adjusted earnings of 76 cents per share trouncedÃâà...
nwitimes.com
April 25, 2018
"We have been consistently successful by regularly hiring smart people, connecting with world-class steel suppliers and investing in good equipment, specifically light gauge coil slitting lines. We have always treated our customers and suppliers ethically and fairly. We are obsessed with on-time delivery,Ãâà...
cleveland.com
April 25, 2018
SANDUSKY, Ohio - Steel yourself for this one, coaster fans: The world's tallest, fastest, steepest and longest steel-wood hybrid roller coaster is about to make its debut at Cedar Point. Steel Vengeance - a radical transformation of the ride formerly known as Mean Streak - has been through months ofÃâà...
Brownsville Herald
April 25, 2018
After decades of effort, Brownsville's quest for a steel mill appears to have finally paid off. Arkansas-based Big River Steel LLC, which had been mulling the Port of Brownsville as the potential site of a $1.6 billion steel plant identical to one it operates in Osceola, Ark., has selected Brownsville, according toÃâà...
Economic Times
April 25, 2018
JSW Steel sent a letter to the Essar Steel's committee of creditors on Monday, seeking a new round. Lenders had to resume the process of deliberations regarding Essar Steel after the National Company Law Tribunal threw the ball back in the lenders' court directing them to consider the first bid by the twoÃâà...
Economic Times
April 25, 2018
Liberty House had submitted a resolution plan for Bhushan Power & Steel on February 20, although the last day of submitting bids was February 8. When the resolution professional declined to open the bid on grounds that it was submitted after the deadline, Liberty approached the bankruptcy court toÃâà...
Markets Insider
April 20, 2018
President Donald Trump's tariff announcements have raised investor concerns of higher metals prices. The tariffs are causing supply concerns and buyers are entering into longer-term contracts than usual. Demand for steel is high, and Morgan Stanley analyst Piyush Sood believes they'll remain at their current levels for theÃâà...
Washington Business Journal
April 20, 2018
Almost immediately after President Donald Trump announced in early March plans to impose trade tariffs, Meridian Group Senior Vice President Jason Phillips began receiving letters from subcontractors warning that new orders for steel could be subject to price spikes. "I absolutely will see an increase justÃâà...
Chicago Tribune
April 20, 2018
More than eight months after two European developers unveiled a project to build 20,000 homes on Chicago's south lakefront, the prospects of the ambitious project are in question. Plans to buy South Works, the 440-acre former U.S. Steel factory site are “currently on hold because of soil contaminationÃâà...
Seeking Alpha
April 20, 2018
Steel Dynamics delivered good earnings for the first quarter, as strong price improvements compensate for capacity-constrained shipment growth. Management is executing on multiple quick-payback projects that will add capacity and maximize the profitability of the company's asset base. Steel Dynamics'Ãâà...
Investopedia (blog)
April 19, 2018
Despite recent strength surrounding the U.S. steel sector on optimism from the Trump administration's efforts to boost the industry, one team of analysts on the Street says the group has reached "the end of the line." (See also: Icahn Sold Steel-Related Stock Ahead of Tariffs.) According to analysts at UBS,Ãâà...
CNN
April 19, 2018
Passenger Alfred Tumlinson told WPVI: "She has nerves of steel. That lady, I applaud her. I'm going to send her a Christmas card, I'm going to tell you that, with a gift certificate for getting me on the ground. She was awesome." Johnson posted a picture of the shredded engine and thanked crew members,Ãâà...
CNBC
April 19, 2018
Russia has demanded compensation from the United States for its decision to impose global tariffs on steel and aluminum. A statement from the World Trade Organization (WTO), circulated at the request of Moscow, describes Donald Trump administration's decision as a "safeguard measure" that underÃâà...
STLtoday.com
March 26, 2018
We hope you enjoy the products we recommend. We may receive a commission if you purchase a product mentioned in this article. Facebook Ãâ÷ Twitter Ãâ÷ Email; Print; Save. If you clean your kitchen but something still feels off, you may be overlooking your stainless steel appliances. This stainless steelÃâà...
CNBC
March 26, 2018
Economist Larry Summers called President Donald Trump's steel tariffs "a bit of a 'Stop, or I'll shoot myself in the foot' kind of strategy." The former Treasury secretary said 40 times as many people work in steel-using industries as work in steel-producing industries, so the tariffs would do more harm thanÃâà...
Chron.com
March 26, 2018
The Trump Administration's steel tariffs will increase costs in the West Texas oil patch at a time when drillers and service firms already faced rising labor and materials costs, investors say. Labor shortages in the Permian Basin and a lack of available working equipment have led to delays and higher pricesÃâà...
Houston Business Journal
March 26, 2018
JSW Steel (USA) Inc. could invest up to $500 million in a previously announced expansion of its steel manufacturing infrastructure in Baytown. Texas Gov. Greg Abbott visited JSW Group's headquarters in Mumbai, India, on March 26 to sign a memorandum of cooperation regarding the expansion, whichÃâà...
Nikkei Asian Review
March 26, 2018
Bhushan Steel, currently going through insolvency proceedings, has solicited bids for a buyout. Tata Steel said Friday that Bhushan's creditors approved it as the successful applicant buyer. Local media reports place Tata Steel's bid at around 360 billion rupees ($5.55 billion). Tata Steel, part of the TataÃâà...
Chron.com
March 26, 2018
AUSTIN -- A $500 million expansion of a Baytown steel mill was announced Monday by Gov. Greg Abbott, a move that will add up to 500 new jobs at an average salary of $65,000. In a conference call with reporters from India, where a week-long Texas trade-development mission is underway, Abbott saidÃâà...
BU Today
March 23, 2018
You won't steal our steel sales anymore. That was the essence of President Trump's message to the world when he recently raised tariffs on steel imported into the United States and imposed a smaller hike in tariffs on imported aluminum. The tariffs—rising by 25 percent on steel and by 10 percent onÃâà...
Toledo Blade
March 23, 2018
Renderings show how the completed Steel Vengeance will look like for the 2018 Cedar Point season. CEDAR POINT. SteelVengence-02-jpg ... SANDUSKY — Cedar Point is just weeks away from debuting its newest metal behemoth, Steel Vengeance. The park just conducted the new coaster's first testÃâà...
The Guardian
March 23, 2018
“[Trump's] contention is that trade should be fair and reciprocal, we understand that, that's the reason why Australians has been exempted from the steel tariff,” he said. “As Donald Trump said, trade between Australia and the US is fair and reciprocal, there's zero tariffs on US imports into Australia, a veryÃâà...
New York Times
March 23, 2018
They gave allies that won exemptions a May 1 deadline to negotiate “satisfactory alternative means” to address what the administration calls the threat to United States national security resulting from its current levels of steel and aluminum imports. The exempted group includes Canada, Mexico, theÃâà...
NPR
March 23, 2018
Workers in traditional steel towns across the country are rejoicing over President Trump's steep tariffs on imported steel that go into effect Friday. Especially in Granite City, Ill., where U.S. Steel is calling back 500 laid-off workers to restart one of its two idled blast furnaces at a mill there. That mill is the town'sÃâà...
Business Insider
March 15, 2018
Prices for steel, iron ore and coking coal have tumbled since the start of March. While some blame the introduction of tariffs on US steel imports, Macquarie Bank thinks it's been driven by concern about the outlook for Chinese steel demand. It expects recent trends to reverse in the weeks ahead as Chinese constructionÃâà...
NPR
March 15, 2018
It's a normal weekday at the Port of Vancouver. That means by noon, piles of steel slab cover the work yard at the docks on the Columbia River. "Steel is tied to about a third of our revenue. So that's pretty substantial," says Abbi Russell, communications manager for the Port of Vancouver in WashingtonÃâà...
CNBC
March 14, 2018
A Vertical Research Group analyst said U.S. Steel stocks may be worse off after Trump's tariffs are implemented. Gordon Johnson called U.S. Steel "significantly, fundamentally, worse off" with the tariffs, which he said will hurt steel prices. But the analyst said this might be good news for investors, calling it aÃâà...
Chicago Tribune
March 12, 2018
President Donald Trump invoked "steel and business" Monday as he and his son made a final push to sway voters in a special election for a Pennsylvania House seat that will reverberate nationally. Trump has already visited the district twice to try to buoy Republican Rick Saccone. On the last day beforeÃâà...
Tax Foundation
March 12, 2018
In 2002, the George W. Bush Administration placed tariffs on imports of certain steel products in an attempt to protect the domestic U.S. steel industry from foreign dumping. The failure of these tariffs to work as designed and the economic harm they caused provide a foreboding tale of what we should expectÃâà...
The San Luis Obispo Tribune
March 12, 2018
China's steel mills, a target of U.S. President Donald Trump's ire, are their industry's 800-pound gorilla: They supply half of the world's output, so every move they make has a global impact. The steel industry swelled over the past decade to support a history-making Chinese construction boom. Once thatÃâà...
WatertownDailyTimes.com
March 12, 2018
President Donald J. Trump's recently announced steel and aluminum tariffs, which he formally approved Thursday, have drawn mixed reactions from local businesses in the north country. The new arrangement imposes a 25 percent tariff on imported steel as well as a 10 percent tariff on imported aluminum.
Seattle Times
March 12, 2018
In this March 5, 2018, photo, a man works at Xiwang Special Steel in Zouping County in eastern China's Shandong province. China's steel mills, a target of U.S. President Donald Trump's ire, are their industry's 800-pound gorilla: They supply half of world output, so every move they make has a globalÃâà...
CNBC
March 12, 2018
Smaller South Korean steel companies are likely to be more negatively affected than bigger industry players due to their level of exposure to the U.S., Nomura said in a note. Steel tariffs are expected to only have minor impact on Japan, Nomura added. Asian steel producers traded higher on Monday,Ãâà...
MLive.com
March 12, 2018
There are good reasons you should care about the new tariffs on steel and aluminum announced last week by President Trump. Trump slapped tariffs of 25 percent on steel and 10 percent on aluminum imported into the United States. The president excluded Canada and Mexico, pending negotiations onÃâà...
Fortune
March 11, 2018
Beijing's restraint reflects the fact that Trump's tariffs on steel imports, though they play well with his US political base, won't have much impact on the Chinese economy. China produces roughly the half the world's steel, but most of it never leaves China. As the Journal notes, the country's steel exports to theÃâà...
NPR
March 11, 2018
On Thursday, he signed orders to impose steep new tariffs on imported steel and aluminum, that against the objection of many members of his own party. And in the same day, the president said he had accepted an invitation to meet face-to-face with North Korean leader Kim Jong Un. We'll look at both ofÃâà...
CNBC
March 10, 2018
Trump fueled concerns of a potential trade war on Thursday, when signing two proclamations that will lead to tariffs on imported steel and aluminum. On Wednesday, the European Commission announced it will raise import duties on U.S. bourbon, peanut butter, cranberries and orange juice, if the U.S.Ãâà...
Council on Foreign Relations (blog)
March 10, 2018
U.S. President Donald Trump did not single-handedly kill the WTO yesterday by announcing he would impose tariffs on imported steel and aluminum. It had been dying a slow death for a long time. China in particular never accepted the norms of the WTO, and its spectacular economic success pursuingÃâà...
New York Times
March 10, 2018
As in the auto industry, distinctions between Canadian and American steel making blurred long ago. In recent years, Canada has bought about as much steel from the United States as it has exported there. Today, all of Algoma's steel starts as coal and iron ore imported from American mines. The AmericanÃâà...
The Guardian
March 10, 2018
The prime minister, Malcolm Turnbull, has confirmed that Australia has won a reprieve from the United States' global steel and aluminium tariffs, after the US president, Donald Trump, earlier tweeted that he and Turnbull were working on a “security agreement” for an exemption. In a post on Twitter, TrumpÃâà...
U.S. News & World Report
March 10, 2018
U.S. President Donald Trump's trade envoy is meeting with top officials from the European Union and Japan amid steel dispute. March 10, 2018 ... The EU is still seeking clarity from Washington about whether the 28-nation bloc will be exempt from U.S. President Donald Trump's steel and aluminum tariffs.
WCPO
March 10, 2018
CINCINNATI - AK Steel Holding Corp. CEO Roger Newport says he got what he wanted from President Donald Trump's new tariff order on Thursday, but that doesn't mean steel workers should be lining up for a new shift at the company's idled plant in Ashland, Kentucky. “First we want to utilize all theÃâà...
PolitiFact
March 10, 2018
Hours before he officially announced the tariffs, Trump said he was "taking action to protect American industries that are vital to our national security, including American aluminum and steel. … Aluminum and steel are the backbone of our nation. They are the bedrock of our defense industrial base.".
The Guardian
March 10, 2018
Blast furnace B will fire up this summer in Granite City, Illinois, giving up to 500 steel workers a job and offering President Donald Trump a fitting emblem for his campaign to put America first. Mothballed for several years by US Steel, the blast furnace sits next to the Missouri river, north of St Louis, where itÃâà...
CNNMoney
March 9, 2018
Immediately after the war, the global demand for steel was more voracious than ever. Mills owned by foreign competitors had been devastated by the bombings. Cities in Europe and Asia needed to rebuild, and American cities were growing rapidly as well. Demand for new cars was great, and the InterstateÃâà...
Digital Trends
March 4, 2018
First the laundry, now the fridge? A month after the Trump administration announced heavy tariffs on washing machines from companies like LG and Samsung, new taxes on imported steel may impact your kitchen appliances too. Europe's largest appliance maker has put the brakes on a planned $250Ãâà...
NPR
March 4, 2018
Despite Long-Term Qualms, Steel Beer Keg Company Celebrates Trump's Focus On Tariffs ... on All Things Considered. NPR's Michel Martin talks with Paul Czachor, the CEO of American Keg Company, about what tariffs on steel and aluminum could mean for his company. Facebook; Twitter; Flipboard
CNN
March 4, 2018
"The bigger picture here is that China has tremendous overcapacity in both aluminum and steel, and so what they do is flood the world market with this product, and this ripples down to our shores and to other countries," Navarro said when asked about the issue. "And so China is in many ways the root ofÃâà...
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