Us Steel
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Nippon, U.S. Steel sue to challenge Biden’s move to block major mergerThe suit, filed Monday in the U.S. Court of Appeals for the District of Columbia, alleges that it was a political decision and violated the companies' due process.U.S. NewsJan 6, 2025
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Biden blocks sale of U.S. Steel to Japan’s NipponThe proposed tie-up has faced opposition within the United States since it was announced a year ago, with both Biden and his incoming successor Donald Trump taking aim at itU.S. NewsJan 3, 2025
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Trump says he will block Japan’s Nippon from buying U.S. SteelTrump had vowed in his campaign that he would “instantaneously” block the deal, and he reiterated that sentiment in a post on his Truth Social platform on Monday night.EconomyDec 3, 2024
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Biden moving to block US$14.9B sale of U.S. Steel to Japan’s Nippon: sourcesNippon's planned US$14.9 billion acquisition has received all regulatory approvals from outside the United States and a green light from U.S. Steel's shareholders.EconomySep 4, 2024
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Trump tariffs designed to revive U.S. steelmakers haven’t quite done the jobBy taxing imported steel, Trump risked raising costs for the many U.S. industries that use steel, straining ties with American allies and defying the limits of his authority to unilaterally punish trading partners.EconomyNov 4, 2019
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Trump says products will need to be made from 75% American goods to be labeled ‘American-made’The order will gradually boost the percentage of U.S. components for qualifying American-made products from 50 percent to 75 percent. The threshold would increase to 95 percent for iron and steel products.WorldJul 15, 2019
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UPDATE: United Steelworkers directors call for Bratina apology, question his ability to advocate for Hamilton steelworkersTwo steelworker locals say Bratina kicked them out of a meeting last week after shouting, "F--- steelworkers" and "F--- Stelco pensioners".PoliticsMar 4, 2019
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Stelco still turning big profits despite stiff U.S. tariffsStelco Holdings Inc. announced its 2018 4th quarter financial results, reporting a net income of $110 million dollars from October through December; a $15 million increase over the same time period in 2017.EconomyFeb 20, 2019
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Rising backlash as US firms seek Trump’s steel tariff waiverThe 20,000-plus waiver applications that the Commerce Department has received illustrate the chaos and uncertainty ignited by Trump's trade war against America's allies and adversariesWorldJul 29, 2018
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Bedrock Industries officially takes ownership of StelcoAlmost three years after U.S. Steel Canada filed for creditor protection, Stelco is now officially owned by Bedrock Industries.CanadaJun 30, 2017
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