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...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...But it quickly couched its bid as a way to create an American national champion in a basic industry. Cleveland had also secured the backing of the United Steelworkers union....
...Arthur makes a distinction between classic production industries, for steel and the like, and knowledge-based industries....
...Applebaum said the steel industry had partly benefited from the so-called “failing industry” doctrine, where antitrust regulators allow more latitude for mergers and acquisitions when an industry is dominated...
...“In 2019, Tesla created a frenzy at the Cybertruck reveal by claiming the electric pickup’s starting price would come in below $40K,” said Jessica Caldwell, an analyst at automotive industry insights platform...
...Embattled metals magnate Sanjeev Gupta’s Liberty Steel was also given surplus emissions allowances for a steel mill in Wales that was idled this year....
...“We dug our own grave with Cybertruck,” Musk said, as a result of the vehicle’s angular design and unusual stainless steel body....
...“This rally has Chinese characteristics written all over it,” says John Reade, chief market strategist at the World Gold Council, an industry lobby group....
...The way Tesla is making cars “is quickly moving to become an industry standard”, said one senior executive at a European automaker....
...Both companies are trying to cope with labour shortages and increasing material costs for everything from steel to sand....
...If legitimately convicted, that is not a good look for Korea Inc....
...“Do we want green steel or data centres for Facebook?” Brandtzæg said governments needed to set priorities over which industries could receive special access to energy....
...Some investors have hoped the CME would launch a rival contract as it already trades aluminium, copper and steel....
...Hans Jürgen Kerkhoff, president of the German Steel Federation, said the steel industry was incurring additional costs of about €7bn a year, compared with 2021, as gas and electricity bills rose....
...But the real focus is on marine transport and heavy industry....
...A series of mergers and acquisitions over the past several decades has turned the defence industry into one of the most consolidated in the US....
...He also chairs the Indonesian EV Industry Association....
...Peloton will outsource cumbersome steel bike production and delivery....
...The other half of the building was added after the second world war, by which time architectural trends had moved to the 1950s-era steel and “space age”....
...A downturn in the country’s steel and coal industries in the 1990s and early 2000s battered its economy....
...Hundreds of billions of dollars will be needed by heavy industries — such as steel, cement, and chemicals — if they are to swap fossil fuels for clean energy and help the world avoid catastrophic climate...
...A version of this article was first published by Nikkei Asia on August 25 2022. ©2022 Nikkei Inc. All rights reserved....
...Some of Europe’s biggest energy users, from steel to chemical companies, are cutting back on production, and business leaders are warning that soaring prices risk eroding the region’s competitiveness....
...Some in the industry say this has evolved into a permanent “crunch culture”....
...Others were to force updates on regulations for emissions from . . . argon-oxygen decarburisation vessels in steel plants?...
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