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...The biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...“Steelworkers now have a chance to be a part of history and to take a stand to protect our vital steel industry,” he said....
...On Monday, US Steel announced that it would sell itself to Nippon Steel of Japan at an enterprise value of $15bn....
...One reason the businesses have been able to exploit northern Sweden’s surplus is that transmission links to the country’s south — home to most existing industry such as Stockholm’s Atlas Copco and Sandvik...
...’s steel industry....
...The UK needs the steel industry to decarbonise if the country is to meet its pledge to reach net zero by 2050....
...One of the most important of those is the Hybrit green steel project in northern Sweden, which I visited last year for our Moral Money film on the hydrogen economy....
...But it quickly couched its bid as a way to create an American national champion in a basic industry. Cleveland had also secured the backing of the United Steelworkers union....
...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....
...Britain’s steel industry is one of the most difficult and expensive to decarbonise. Tata Steel and British Steel are also facing rising costs and cheaper competition from countries such as China....
Ithaca’s deal with Eni would simply be trading assets around a troubled basin
...Arthur makes a distinction between classic production industries, for steel and the like, and knowledge-based industries....
...“In 2019, Tesla created a frenzy at the Cybertruck reveal by claiming the electric pickup’s starting price would come in below $40K,” said Jessica Caldwell, an analyst at automotive industry insights platform...
...“We need to get to net zero in a way that protects steel, chemicals, fundamental industries we need for Britain to have a successful future,” he added....
...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....
...Since Brexit the UK and the EU have had separate carbon-pricing schemes, meaning that British exports to the EU will face taxes on the embedded carbon in a range of products, including steel, cement, fertiliser...
...The STDC had been joined in its action by Teesworks Ltd, the public-private joint venture set up to develop the steel site....
...Applebaum said the steel industry had partly benefited from the so-called “failing industry” doctrine, where antitrust regulators allow more latitude for mergers and acquisitions when an industry is dominated...
...Conversely, US industry — including steel and chemicals — might benefit from the added availability of even cheaper natural gas....
...Cairo has vaunted the GEM as the largest museum in the world devoted to a single civilisation and is counting on the $1.2bn project to boost the country’s crucial tourism industry....
...US President Joe Biden confirmed his opposition to the takeover of US Steel by Nippon Steel of Japan, arguing it was “vital” for the American steel company to remain “domestically owned and operated”....
...“This is not a serious plan for the long term for our steel industry.”...
...The Araguaia nickel mine in Paras state in northern Brazil aimed to produce 29,000 tonnes of nickel per year for the stainless steel industry — a small project compared with the huge industrial complexes...
...Family connections Viktor Orbán’s son-in-law has emerged as Hungary’s most prominent investor in the tourism industry, Bloomberg reports....
...Embattled metals magnate Sanjeev Gupta’s Liberty Steel was also given surplus emissions allowances for a steel mill in Wales that was idled this year....
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