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...“We cannot allow one of the largest American steelmakers to be gobbled up by a foreign entity with ties to the Chinese Communist party and its military-industrial apparatus....
...Soaring steel imports are a particular sore spot for the Brazilian government as the Latin American nation is one of the world’s largest exporters of iron ore — a primary ingredient in steel production....
...Employment at US iron and steel mills more than halved between 1990 and 2022, to just 83,200 jobs, according to the labour department....
...Futures for iron ore have been sliding last week in Singapore, as have Chinese futures and steel contracts in Shanghai....
...US President Joe Biden has come out against Nippon Steel’s proposed purchase of US Steel, saying it is “vital” for the “iconic American steel company” to remain “domestically owned and operated”....
...It’s a hope that the American public land is still the American public land and it can’t be controlled.” And Cape, of all things, builds fences for a living....
...“It is important that we maintain strong American steel companies powered by American steel workers,” Biden said....
...Primary steel production from iron ore will increasingly happen without the use of coal, Gamage and Blank add, as green steel technology advances and tougher carbon pricing regimes kick in....
...In raising concerns over the deal Biden did not refer to national security, speaking only of the need to maintain “strong American steel companies powered by American steel workers”....
...The writer is director of economic policy studies at the American Enterprise Institute Nippon Steel and US Steel reached a deal in December for the Japanese steelmaker to acquire its iconic US competitor...
...India’s biggest integrated steel manufacturing plant was founded a quarter of a century ago on arid land above a belt of iron ore....
...The Simandou project — partly owned by Rio — is forecast to come on stream this year and add, at peak, perhaps 15 per cent to the seaborne iron ore market, according to Ben Davis at Liberum....
...Reduce iron ore where green power is cheap, and then ship this to steel mills. In an era of snarled-up supply chains and reshoring, this may not appeal to all....
...Read more on the president’s push to raise prices on imported Chinese steel and what it could mean for the election....
...In the depths below every iron-producing blast furnace lurks a salamander — an angry black and yellow mix of boiling iron, slag and coke, so named owing to the ancient belief that the amphibians were born...
...The US iron ore miner-turned- steel-consolidator kicked off merger and acquisition fireworks in August with a much lower unsolicited bid for US Steel....
...Iron and steel manufacture directly employs about 80,000 people in the US, 0.06 per cent of the total workforce and comfortably less than half the number of American pedicurists and manicurists....
...On Thursday, President Joe Biden threw cold water on Nippon Steel’s pending $15bn acquisition for US Steel, once a national icon. He said US-steel should remain American....
...Nippon Steel announced the controversial acquisition in December, leading Biden to pick a side between a powerful union and its voters, and a critical American ally....
...The weaker outlook has also hit iron ore prices, said Harry Murphy Cruise, assistant director and economist at Moody’s Analytics....
...“It is important for us to get ahead of China’s new export surge and their continued pressure on prices that make it hard for American steel companies to compete,” said a senior US official, who added that...
...Chinese steel mills appear to be losing money when producing basic steel for construction. Both coking coal and iron ore are relatively expensive....
...They also suggest the new plant will struggle to make the most demanding grades of steel from scrap alone, without adding imported pure iron or virgin steel....
...Port Talbot’s blast furnaces are used for primary steelmaking, in which iron ore is reduced to molten iron that is then turned into steel....
...The closures are the latest chapter in decades of decline for Britain’s steel industry and will leave the UK as the only major economy without the ability to make primary steel from iron ore and coal....
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