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...US Steel....
...The group announced in December that US investor Atairos had become a minority partner in V Sports, with people familiar with the matter saying the roughly 20 per cent stake valued Aston Villa at more than...
...“Allowing one of our nation’s largest steel manufacturers to be purchased by a foreign-owned corporation leaves us vulnerable when it comes to meeting both our defence and critical infrastructure needs,”...
...Nippon Steel, the world’s fourth-largest steelmaker, has agreed to pay $55 per share in cash for US Steel but investors’ uncertainty about the outlook for the deal have left the US group’s shares well below...
...In the US, for every job in steel production, there are around 14 jobs in industries that use steel intensively....
...corporations....
...His comments on Tuesday followed the announcement of Nippon’s all-cash $14.9bn takeover bid for US Steel, a deal that would make the combined group the world’s third-biggest steel producer....
...But the now bipartisan American backlash against Nippon Steel’s $14.9bn purchase of US Steel — a deal driven by robustly commercial motives and for which the Japanese buyer is shelling out roughly twice...
...The White House is wary even of Nippon Steel of Japan, a US ally, taking over America’s third-largest steelmaker, US Steel. So will the UK plan one day look foolish?...
...T V Narendran, Tata Steel’s chief executive, told the Financial Times the status quo was “not sustainable”....
...Biden has called for tariffs on Chinese steel and aluminium as he tries to shore up union support in the swing state of Pennsylvania....
...This is a classic “dull but v v v v important” issue that rarely gets the attention it should, because a lot of people understandably lose the will to live as soon as you start talking about financial plumbing...
...However, traditional aluminium conductor steel reinforced cable lines are heavy and the thick steel support limits the volume of aluminium wires, which are responsible for transmission capacity....
...State-owned Comac was established jointly with companies including Shanghai-listed Aluminum Corporation of China, China Baowu Steel Group and Sinochem Corporation....
...The idea that direct government intervention has been a source of strength in the US is given short shrift in this book....
...The STDC had been joined in its action by Teesworks Ltd, the public-private joint venture set up to develop the steel site....
...Europe’s abundance of coal has so far discouraged its steel industry from transitioning to electric arc furnaces, a method that makes up around 70 per cent of US steel output and mostly uses scrap metal...
...USW president David McCall, who represents workers making everything from steel and engines to paints, cables and other products used in ships, notes that US steel mills are running at about 70 per cent...
...America is fond of big things, the Financial Times of 1901 remarked as it marvelled at the creation of the new United States Steel Corporation....
...Nippon’s offer for US Steel — nearly double that of US bidder Cleveland-Cliffs in August — is one example of a strategic buyer taking advantage of that window while it is open....
...His exhibition of abstract paintings and steel sculptures at White Cube in April this year sold well....
...It sits at the heart of the premise of a development corporation: cut through red tape in the name of delivery....
...The launch of Hoa Phat’s factory followed plans announced by South Korea’s state-owned Korea Ocean Business Corporation to boost production at another container factory in Vietnam, which opened last year...
...The hoopla over Nippon Steel’s bid for US Steel is a case in point — the administration has been saying we need to make new trade alliances to counter China, but is balking at a bid from a Japanese company...
...United States Steel Corporation, for example, has said it will use generative AI software from Google to guide its workers through truck repairs and ordering parts....
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