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...India’s biggest integrated steel manufacturing plant was founded a quarter of a century ago on arid land above a belt of iron ore....
...The US iron ore miner-turned- steel-consolidator kicked off merger and acquisition fireworks in August with a much lower unsolicited bid for US Steel....
...“This is where iron was produced, so one of the works had to have iron in it,” Goldsworthy explains. The barbed wire was formerly used to fence fields in Yorkshire and Scotland; now it rings this room....
...Many cooks favour cast iron and carbon steel (the latter is the lighter of the two). Both are good at retaining heat and get better with age....
...Of the USW’s 1.2mn members, only about 11,000 work for US Steel. Their fear is that Nippon will close the ageing blast furnaces where most of them work....
...rather than iron ore....
...Whether the acquisition is approved or blocked by US authorities for national security reasons, Nippon Steel’s current dilemma has significant implications for Japan Inc as companies pursue growth outside...
...Cleveland, an iron ore specialist that had bought its way into steel production, had initially made a cash and stock offer....
...Steel producers are already seeking to pivot to hydrogen, both as an energy source and to replace the use of coal in reducing iron ore....
...Unlike blast furnaces which use coke to reduce iron ore, electric arc furnaces melt down scrap or recycled steel....
...And some drugs that act on the brain don’t work as well in high temperatures....
...The projects under consideration were primarily to produce green hydrogen and fossil fuel-free sponge iron — purified iron ore that can be readily turned into other products....
...Imports of iron, steel, ceramics, cement and other goods from countries with weaker climate regulations than Britain will be subject to a levy to prevent UK companies from being undercut by foreign rivals...
...Cleveland-Cliffs, which owns the mill at Indiana Harbor, has offered to buy United States Steel, which operates its largest works nearby in Gary, Indiana....
...Arguing CPI looks hot because of a start-of-the-year “January effect” price adjustment only works for so long....
...So Vivian breaks her iron rule not to get involved and is drawn into a world of mirrors, illusions and menace....
...Analysts from Wood Mackenzie estimate that $1.4tn will be needed to achieve net zero in the steel and iron industries by 2050....
...It also approved a green steel project in Western Australia....
...Ahead of the first payments being made, however, worries have turned to whether the levy will work — or if it can be circumvented by earmarking lower carbon steel for the EU....
...For comparison, US Steel’s trailing fourth-quarter ebitda was $2.5bn. Cliffs still has a lot of work to do to win over shareholders in US Steel....
...Semerad wore a shirt and tie and carried a backpack full of work. “As a Wyoming attorney, you get used to driving,” he told me....
...Current demands by Benner’s IG Metall for four-day work weeks in the steel and iron industries have drawn ire ahead of expected job cuts as companies such as Thyssenkrupp and Salzgitter prepare to make greener...
...But, its head said, all agreed to keep talking about how it could work....
...The Cocos — it rhymes with hocus — were first spotted in 1609 but lay unpopulated until Hare, a friend of Stamford Raffles, arrived....
...The paper is one of the earliest assessments of the potential impact of CBAM and identifies that “iron and steel and aluminium” form by far the biggest slice (88 per cent) of impacted goods exports....
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