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...British Steel said the “process is ongoing to finalise detailed plans as per scheduled timescales”....
...Three US senators have voiced concern about Nippon Steel’s business ties in China, opening a new front in a political effort to stop the Japanese group from completing its proposed $14.9bn acquisition of...
...Once appealed, the award could be reduced by a judge but that process could take more than a year, and there are thousands more state claims waiting in the wings, filed on behalf of plaintiffs in Illinois...
...The BBC needs its new chair to be in place before announcing its new strategy on the future of the corporation, which is expected to focus on its shift to digital channels, people close to the process said...
...“We are progressing through the regulatory review, including Cfius, while trusting the rule of law, objectivity and due process we expect from the US government,” Nippon Steel said....
...It said it was “disappointed” with the Unite result and accused the union of “significant irregularities” in its ballot process....
...Yet he is as inspired by the steel plant’s “geological process — lava bursting from the core, like massive witches’ cauldrons”....
...GBA’s nearly 200 members include large companies from a range of sectors, including Nestlé USA, AstraZeneca, Diageo, Mercedes-Benz, Panasonic, Sony Corporation of America and chipmaker TSMC....
...Chinese groups now face in buying US corporations....
...A planning committee of the City of London Corporation on Wednesday voted to grant the local authority permission to knock down the 1970s museum and next door Bastion House tower on the edge of the Barbican...
...At the behest of the industry, we took the steel sector as a starting point in tackling the trade conundrum of counting carbon....
...But we are encouraged by the approach of new chief executive Steve Murrells, and the seafood turnaround is encouraging....
...The deal marks Japan’s largest overseas acquisition this year and signals that the country’s cash-rich corporations are returning to global markets as some of the world’s hungriest strategic buyers, said...
...Tata plans to replace them with one electric arc furnace, which uses a less labour-intensive process to make steel from scrap....
...Even then, he noted, to convert all Europe’s primary (meaning non-recycled) steel production to the green hydrogen-based process would require a vast amount of new renewable energy: roughly the same as the...
...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....
...The sprawling site on the River Mersey can process up to 500,000 cars a year and sends about 1mn tonnes of recycled steel annually to customers around the world....
...It sold off several of its other European steel plants to secure a green light from EU’s competition authority....
...A restructuring process has included the sale of its prized elevator business to private equity for €17bn, as well as its car parts and stainless steel operations....
...Venture capital and what later became known as private equity were powerful drivers of the restructuring process....
...The transition towards green steel will overhaul how the main raw material for everything from washing machines and cars to skyscrapers is made, gradually abandoning a coal-based process whose basic mechanisms...
...On Wednesday he vowed to keep US Steel in American ownership, and called for higher tariffs on Chinese steel and aluminium imports in a bid to shore up support with unions....
...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....
...The $500mn in funding earmarked for an SSAB commercial-scale steel plant using hydrogen in Mississippi is one of 33 deals by a new agency set up under the Department of Energy, as part of the Biden administration...
...Biden has called for tariffs on Chinese steel and aluminium as he tries to shore up union support in the swing state of Pennsylvania....
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