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...Discussions with the company continue.”...
...The Horizon report says Nippon has been instrumental in helping the Chinese steel industry to develop, including through one joint venture involving Baosteel, the largest Chinese steel company....
...When she released her acclaimed debut album Dark Energy in 2015, Jlin was working in a steel mill operating heavy machinery....
...Inventories at major Chinese steel mills jumped more than a quarter over the past few weeks....
...Employment at US iron and steel mills more than halved between 1990 and 2022, to just 83,200 jobs, according to the labour department....
...General Mills warned that consumers were increasingly value-conscious, as the Cheerio’s maker managed to beat earnings forecasts despite soft demand for its snacks and cereals....
...Italy’s industry association has called for subsidies to support the steel mill formerly known as Ilva....
...“We believe that any cash coming in from the stake sale at the parent company level could be injected into the steel business....
...Community, the steel union, criticised Tata’s decision as a “bad deal for steel”....
...“It is important that we maintain strong American steel companies powered by American steel workers,” Biden said in a statement on Thursday....
...“It is important that we maintain strong American steel companies powered by American steel workers,” Biden said....
...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”....
...Tata accepted one of the unions’ proposals, which was to keep open Port Talbot’s hot strip mill for processing imported semi-finished steel or slab, at least for a transition period....
...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....
...A person with knowledge of Nippon Steel’s thinking said the company does not plan to give up its bid for US Steel even if Biden publicly expresses opposition to the takeover....
...Companies: Abbott Laboratories and infrastructure company Kinder Morgan are scheduled to report first-quarter earnings. Five more top stories 1....
...Chinese steel mills appear to be losing money when producing basic steel for construction. Both coking coal and iron ore are relatively expensive....
...Decarbonisation “creates an opportunity for us to work with our steel mill customers to tailor our products . . . including providing different and higher quality grades depending on the types of products...
...Nippon Steel’s winning offer, which values US Steel’s equity at $14.1bn, follows a tradition of Japanese companies paying handsomely for overseas acquisitions....
...The decision is expected to lead to up to 2,800 job losses across the company’s heavily lossmaking UK operation, which employs about 8,000 people....
...General Mills shares were down 2.5 per cent at the market open....
...A €200mn impairment in its steel business, as a result of high interest rates hitting capital costs, prompted the company to abandon its previous forecast of a full-year net income “in the low to mid three-digit...
...Joe Biden is preparing to oppose Nippon Steel’s proposed $14.9bn purchase of US Steel, a move that is likely to upset one of Washington’s closest allies but delight key voters in the rustbelt....
...Large multinational companies are urging Joe Biden’s administration to keep politics out of any national security review of Nippon Steel’s purchase of US Steel after a bipartisan backlash to the deal in...
...“Steel mills are running flat out, demand is strong and you see a pick-up in demand in copper and aluminium from the very massive development of renewable energy and electrical vehicles [in the country]....
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