U.S. Steel’s chief, David Burritt, expressed confidence on Tuesday that the sale of the American manufacturer to a Japanese owner would close “on its merits” despite bipartisan backlash.
Tag: Steel and Iron
Biden Expected to Block U.S. Steel Takeover by Nippon
The Committee on Foreign Investment in the United States is expected to raise national security concerns about selling the iconic steel producer to Japan’s Nippon Steel.
Biden Announces Tariffs on Chinese Metals Routed Through Mexico
The measure aims to close a loophole that officials said allowed metals made partly in China to come into the United States duty free.
Biden Looks to Thwart Surge of Chinese Imports
The president has proposed new barriers to Chinese electric vehicles, steel and other goods in an attempt to protect his manufacturing agenda.
Russian Bombardment Crushes Ukraine’s Industrial Base
The assaults have all but destroyed the factories and plants that were the economic lifeblood of the towns and cities in Ukraine’s east.
A Japanese Village Wants Tourists to Come for Heat, Soot and Steel
To lure visitors, residents of Yoshida, famed for its high-quality steel, are inviting tourists to help produce it.
Energy Dept. Awards $6 Billion to Cut Carbon from Industry
Industries produce 25 percent of America’s planet-warming emissions but so far have proved very hard to clean up. The Biden administration is trying.
Energy Dept. Awards $6 Billion to Cut Carbon from Industry
Industries produce 25 percent of America’s planet-warming emissions but so far have proved very hard to clean up. The Biden administration is trying.
Britain’s Largest Steel Mill to Become Greener, at a Cost of Jobs
Tata Steel said it would replace blast furnaces with an electric furnace, a move that will cut emissions but also as many as 2,800 jobs.
U.S. Steel Acquisition Proposal Tests Biden’s Industrial Policy
The president is under pressure from Democrats and Republicans to block the sale to Japan’s Nippon Steel, which could upset a key foreign ally.