Steel News Updates

GovernmentBusiness

Canada Prime Minister Carney Holds Back on Tariff Retaliation

Prime Minister Mark Carney said Canada and the U.S. are in “intensive” talks about the countries’ relationship, explaining his decision not to respond yet to doubled steel and aluminum tariffs.

June 4, 2025
GovernmentBusiness

Mexico Will Ask US Government for Steel Tariff Exemption

Mexico will ask President Donald Trump’s administration on June 6 to be exempted from an increase in steel tariffs to 50%, the country’s economy minister said.

June 4, 2025
GovernmentBusiness

UK Gets Reprieve on Steel Tariff

The U.K.has a new five-week deadline to finalize its trade agreement with the U.S. after President Donald Trump spared the country’s steel and aluminum exports from a doubling of tariffs.

June 4, 2025
GovernmentBusinessTechnologyEquipmentLogistics

Trump Signs Order Hiking Steel, Aluminum Tariffs to 50%

President Donald Trump signed a directive June 3 formally raising steel and aluminum tariffs to 50% from 25% starting June 4.

June 3, 2025
GovernmentBusinessEquipment

Steel and Aluminum Prices Jump on Trump Tariff Move

Futures tracking the prices U.S. manufacturers pay for aluminum and steel surged after President Donald Trump said he will double tariffs on the metals this week.

June 2, 2025
GovernmentBusiness

Trump Tells US Steelworkers He’s Going to Double Tariffs

President Donald Trump told Pennsylvania steelworkers he’s doubling the tariff on imported steel and aluminum to 50% to protect their industry.

May 31, 2025
GovernmentBusiness

Details Scarce on Nippon-US Steel Deal

President Donald Trump is holding a rally in Pennsylvania on May 30 to celebrate a details-to-come deal for Japan-based Nippon Steel to invest in U.S. Steel.

May 30, 2025
GovernmentBusiness

US Poised to Receive Golden Share in US Steel-Nippon Tie-Up

The U.S. government is poised to receive a so-called golden share in U.S. Steel as a condition for approving Nippon Steel's proposed acquisition of the American company.

May 27, 2025
GovernmentBusiness

Trump Signals He’ll Approve Nippon Bid for US Steel

President Donald Trump said U.S. Steel will keep its headquarters in Pittsburgh in a possible signal that he’ll approve a bid by Japan-based Nippon Steel to invest in the steelmaker.

May 27, 2025
GovernmentBusinessEquipmentLogistics

Steelworkers Head Urges Trump to Reject Nippon Bid

The comments are likely a final salvo from David McCall, who has stood in opposition of U.S. Steel’s proposed sale to the Japanese suitor since the deal was announced in December 2023.

May 22, 2025