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...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 biggest attempt to date came in December, with Nippon Steel launching an $15bn all-cash bid for US Steel....
...“If certain TV series have to persist in presenting stories in a ‘western-centric’ way, that won’t escape the eyes of [our] audiences,” the Chinese Communist party tabloid Global Times said this week....
...Steel has none of the sensitivities of high-tech social media; US Steel is not a direct supplier to the military....
...Read more on the president’s push to raise prices on imported Chinese steel and what it could mean for the election....
...On Monday, US Steel announced that it would sell itself to Nippon Steel of Japan at an enterprise value of $15bn....
...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...
...US President Joe Biden is pushing for tariffs to triple on Chinese steel and aluminium from the current average of 7.5 per cent....
...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....
...But analysts said Chinese steel was still finding its way into western markets through Asian nations such as India, Japan and Vietnam importing cheap raw materials from China and then selling them to Europe...
...Capitalism reins in the sale of US Steel In August, Cleveland-Cliffs wrapped its unsolicited bid for US Steel in an American flag....
...In particular, they note, iron ore miners in sun-soaked Western Australia have huge opportunities to process their output near the point of extraction using green hydrogen....
...The company is often described by western politicians as a “Chinese” entity....
...US President Joe Biden will travel to Intel’s site in Chandler, Arizona, on Wednesday to announce the package, which will go towards building new facilities for the company in the south-western state, as...
Beware of analysts bearing acronyms
...But then you notice the discreet pedestals at each end of the installation, created by Los Angeles based PlayLab, Inc. Each showcases four “historiated sculptures” encased in glass....
...The Biden administration wants to set up a western steel club that punishes China and does not particularly care what criteria it uses....
...If you add in Biden’s opposition to Nippon Steel’s takeover of US Steel, it seems there is a lot of protectionism around in Washington nowadays masquerading as something else....
...Glencore plans to suspend production and sell its stake in the Koniambo nickel operations in New Caledonia after a sharp slump in price for the metal, a component of stainless steel and electric car batteries...
...The ship, which was carrying steel products, reported no serious damage....
...Paris wool blazer, £940 Cartier vintage gold Tank Louis Cartier watch, £7,250, susannahlovis.com Maison Margiela wool and alpaca Mended Zip sweater, £1,490, doverstreetmarket.com Japanese stainless-steel...
...and the western world....
...Nippon Steel snapped up US Steel for $14.9bn last month. Astellas Pharma bought eye-treatment specialist Iveric Bio in a $5.9bn deal in May....
...Nickel producers in western Australian, one of the world’s largest producing areas, have had a tough January....
...Does the Biden administration’s response to the US Steel deal go too far? Our colleague Alan Beattie weighs in....
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