Hints and tips:
Related Special Reports
...At the same time, they have suffered from high energy costs compared with continental rivals and challenging market conditions. British Steel has previously said it was losing £1mn a day....
...Nippon Steel’s operations, including about its R&D and engineering, outside of China.”...
...Glass Lewis said it was “unable to recommend that shareholders support this proposal at this time”....
...US President Joe Biden has come out against Nippon Steel’s proposed purchase of US Steel, saying it is “vital” for the “iconic American steel company” to remain “domestically owned and operated”....
...Joe Biden has declared his opposition to Nippon Steel’s proposed $14.9bn purchase of US Steel, saying it was “vital” for the American steel company to remain “domestically owned and operated”....
...German industrial conglomerate Thyssenkrupp has cut its full-year sales and profit guidance and written down the value of its steel business for the second time in three months amid weak demand from European...
...Times....
...US Steel’s shares fell more than 12 per cent after the Financial Times published details of Biden’s intentions....
...Workers at Tata Steel’s operations in south Wales have voted for strike action for the first time in 40 years in response to the Indian group’s plans to close the last two remaining blast furnaces....
...The Mumbai-based architect, Sameep Padora, used local granite and teak along with another material synonymous with the area: steel....
...“If you wanted to mirror Citadel as an example for collecting data, I think it would take a lot of time, a lot of money . . . so we are spending a lot of time and effort trying to develop our own AI machines...
...For the first time, players across all major steel producing regions and production routes have committed to greater alignment in counting emissions, which can head off trade disputes....
...But its real battle will begin if and when the acquisition of US Steel is complete because the company will need to make even tougher decisions about jobs and plants in the future. kana.inagaki@ft.com...
...and take on music full-time....
...“At the same time, a lot of state aid has gone into them and yet many plants are idle or falling apart. We want to know where this public money has gone,” she added....
...4am Eastern time....
...The global demand for steel scrap was estimated at between 620mn and 630mn tonnes in 2022 and is projected to surge nearly 1.6 times to 1,000-1,020mn tonnes by 2050 as steel decarbonisation picks up pace...
...“Everyone’s been anticipating a recession for a long time and it hasn’t materialised.”...
...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....
...The ship, which was carrying a cargo of steel products and trucks from the Chinese port of Lianyungang to Jeddah in Saudi Arabia and Aqaba in Jordan, was flying the flag of Barbados....
...Credit: The Independent, The Times and the Sunday Times Mentioned in this podcast: Joe Biden’s speech to steel workers underscores union’s burgeoning influence Joe Biden calls for tripling of tariffs...
...Asked by the Financial Times if there was anything Nippon could do to win over his members at the USW, McCall’s answer was firm: “No.”...
...time of a Centerview IPO or sale....
...Spring is historically the peak season for steel demand in China. When futures plunge just ahead of that time of year, you know that something is not right....
...“This time around has been more geopolitical and strategic, garnering influence with the global south through steel-intensive investment.”...
International Edition