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...The American steel industry has become a political issue in the 2024 presidential election after Nippon Steel last year launched a $14.9bn takeover of US Steel, headquartered in Pittsburgh, a city in the...
...Chris Deluzio, a Democratic congressman from western Pennsylvania, also said the report added to the national security risks in the proposed sale of US Steel to a foreign buyer....
...The figure was echoed by other national authorities. Sweden’s Environmental Protection Agency said that 11 per cent of expected reports had been filed....
...Shougang supplies steel to the Chinese military. The study examined the material limits of a class of advanced high-strength steel that has been proposed for use in civil and military applications....
...Steel....
...US steel unions have asked President Joe Biden to open a trade investigation into alleged Chinese unfair economic practices in the shipbuilding and maritime logistics sectors....
...The move on steel imports and probe into Chinese shipbuilding are the latest measures by the Biden administration to tackle what Washington views as unfair economic practices or national security issues....
...Shipbuilding is about steel and workers, but it’s also about technology....
...Thyssenkrupp also said on Tuesday that TKMS would “provide a good starting point for possible national and European consolidation”....
...But even if US Steel were essential to national and economic security, since when has it become a threat to sell a nationally significant American company to a rival from arguably the US’s most important...
...Read more on the president’s push to raise prices on imported Chinese steel and what it could mean for the election....
...Nippon Steel last week formally filed the deal with the Committee on Foreign Investment in the US (Cfius), the inter-agency panel that vets inbound deals for national security threats....
...Exhibit A: Nippon Steel’s $14.9bn takeover offer for US Steel....
...But that requires clear rules of the road for “friendshoring”, which have yet to be worked out, as evidenced by the Biden administration’s recent pushback against Nippon Steel’s attempt to acquire US Steel...
...Joe Biden has thrown his support behind an investigation of Nippon Steel’s purchase of US Steel on national security grounds, despite Japan’s status as one of Washington’s closest allies....
...South Korean officials told the Financial Times that the two SI Innotec employees, who previously worked for Daewoo Shipbuilding and Marine Engineering, have been accused of obtaining dozens of pages of...
...The steel industry has become a 2024 election issue in the US since Nippon Steel’s planned takeover of US Steel was announced in December....
...What about the national security implications of no longer being able to make “virgin” steel?...
...by threatening to reimpose the suspended Trump-era Section 232 national security tariffs on steel and aluminium....
...On Wednesday, Joe Biden said he would triple tariffs on Chinese steel imports — a pure election gimmick since they only cover 0.6 per cent of total US steel demand....
...Goldman Sachs co-head of Latin America Ricardo Mora is leaving the bank, DD reports....
...I’m hearing that most national governments, even the German government (though of course not their auto industry), increasingly want to move towards a shared steel agreement, as well as a mutual path forward...
...According to FT reporting, Nippon Steel last week filed its proposal with the Committee on Foreign Investment in the US, the inter-agency body that screens deals by non-US companies for national security...
...Not only has he co-produced their self-titled release, he also performs on it. It’s their fourth album since Antonoff founded the band in 2013. Before then he was in the groups Fun and Steel Train....
...But as Ben Forney, a researcher at Seoul National University notes, the story of BOE and South Korea goes back much further than the Toptec scandal....
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