The long-awaited decision to prohibit the transition, which would have placed America’s largest steel-making enterprise ... is critical for resilient supply chains.” “That is because steel ...

this acquisition would place one of America’s largest steel producers under foreign control and create risk for our national security and our critical supply chains,” Mr. Biden said ...

Some of the most recognizable chains in America left strip malls and shuttered across city street corners. Family Dollar closed 718 stores. CVS and Walgreens closed more than 1,000 stores combined.

China's iron ore imports to rise despite property crisis Higher imports driven by growing supply from Australia and Brazil Steel demand forecast to fall 1.5% in 2025, MPI reports BEIJING ...

Nippon Steel proposed giving the U.S. government a veto over any reduction in U.S. Steel’s “production capacity” in a last-ditch bid for President Joe Biden’s approval to acquire the ...

In the spot market, steel prices stabilized after a decline during the week, with end-user purchasing sentiment improving and transactions showing WoW improvement. In the short term, under the support ...

The Swedish startup Stegra has raised close to $7 billion to produce zero-emissions steel using green hydrogen starting in 2026. As of 2023, nearly 2 billion metric tons of it were being produced ...

However, in its review of Nippon Steel’s proposed acquisition of ... exemplify “friendshoring,” building resilient supply chains among allies to counter adversaries like China.

TOKYO (Reuters) - Japan's Nippon Steel said on Thursday it has extended the closing date for its $14.9 billion purchase of U.S. Steel as U.S. President Joe Biden weighs whether to block a deal ...

WASHINGTON — A powerful government panel on Monday failed to reach consensus on the possible national security risks of a nearly $15 billion proposed deal for Nippon Steel of Japan to purchase U ...

TOKYO, Dec 25 (Reuters) - Japan's Nippon Steel (5401.T), opens new tab is seeing support for its proposal to acquire U.S. Steel (X.N), opens new tab in the regions of the United States where steel ...

But US Steel has said the deal is necessary to help shore up the company’s ailing business, which has been struggling to keep up with cheaper foreign steel – mostly from China – for decades.