Steel News Updates

GovernmentBusiness

From Baseball Bats to Caskets, Trump Tariffs Set to Hit 窪蹋勛圖厙

If President Donald Trumps tariffs on steel and aluminum take effect at a minute past midnight in Washington on March 12, it will mark a repeat of first-term levies with one major difference.

March 11, 2025
GovernmentBusiness

Looming Trump Tariffs Raise US Steel Costs

President Donald Trumps threatened steel tariffs that dont kick in for two weeks are impacting U.S. buyers who already are seeing American-made metal cost more than imports.

February 28, 2025
GovernmentBusiness

Nippon Steel Sticks With US Steel Takeover, Not Investment

Nippon Steel reiterated its objective for the $14.1 billion takeover of U.S. Steel after President Donald Trump said the Japanese company was considering an investment instead.

February 25, 2025
GovernmentBusinessTechnologyEquipmentFuel

ArcelorMittal to Build $1.2 Billion Alabama EV Steel Mill

Steel giant ArcelorMittal is investing $1.2 billion to build an Alabama mill slated to produce advanced steel by 2027 for hybrid and electric vehicle motors to feed into the U.S. supply chain.

February 14, 2025
GovernmentBusinessEquipment

Trump Says Tariffs Are Saving US Steel

When asked what chief executive officers think about his recently announced steel and aluminum tariffs, Trump said theyre in love with them.U.S. Steel is through the roof, he said.

February 13, 2025
GovernmentBusiness

Trump Risks Inflation With Steel, Aluminum Tariffs

President Donald Trump on Feb. 10 removed the exceptions and exemptions from his 2018 tariffs on steel, meaning that all steel imports will be taxed at a minimum of 25%.

February 11, 2025
GovernmentBusinessEquipment

Trump Says He Will Announce 25% Steel, Aluminum Tariffs

WASHINGTON President Donald Trump said he will announce Feb. 10 that the U.S. will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico.

February 10, 2025
GovernmentBusiness

Trump Says Nippon Steel May Invest in US Steel

President Donald Trump indicated Nippon Steel is considering investing in United States Steel instead of an outright purchase.

February 7, 2025
GovernmentBusinessEquipment

US Steel Investor Pentwater Opposes Ancoras Proxy Proposal

Pentwater, the third-largest investor in U.S. Steel, said it opposes moves by activist investor Ancora Holdings Group to shake up the board of the American steelmaker.

January 28, 2025
GovernmentBusinessEquipment

Ancora-Backed CEO Candidate Proposes US Steel Overhaul

I want to have a stake in something that Im going to be involved in, Alan Kestenbaum said Jan. 27 in an interview. If I get the chance to run the show, Ill invest in myself.

January 27, 2025