Mill announcements, trade measures, statistics and market moves across the Middle East and the global steel trade.
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188 news items from United States. Show all
U.S. President Joe Biden has blocked the USD 14.3 bln acquisition of U.S. Steel by Japan's Nippon Steel, citing national security concerns. The deal, first announced in December 2023, has been politically contentious…
Japan's Nippon Steel has extended the closing period for its USD 15 bln acquisition of U.S. Steel, expressing confidence that the deal will bolster the American company's growth and security. The estimated closing date…
Mesabi Metallics has awarded Metso a contract for beneficiation plant equipment for its Direct-Reduction (DR) grade iron ore plant in Nashwauk, Minnesota. The plant is key to securing the supply of DR-grade pellets in…
Nippon Steel's USD 15 bln bid to acquire U.S. Steel has been referred to President Joe Biden, who has 15 days to make a decision, according to a White House spokesperson. Biden, who previously expressed opposition to…
AIC has been awarded a contract by Steel Dynamics Inc. for robotic tagging applications at its Roanoke plant. The project involves the installation of advanced robotic islands to automate steel bundle tagging on both…
US-based Electra, specializing in low-carbon iron production, has signed an MoU with Interfer Edelstahl Group, a global steel and raw materials trader, to collaborate on clean iron production for specialty steel…
Vale has finalized negotiations with the US Department of Energy (DOE) to begin Phase 1 of its project to develop an industrial-scale briquette plant in Louisiana. Over USD 3.8 mln in awarded funds will be used for…
The national security review of Nippon Steel's USD 15 bln bid for U.S. Steel is ongoing, with President Joe Biden awaiting the Committee on Foreign Investment in the United States (CFIUS) recommendation, expected by…
The U.S. Department of Commerce (DOC) has decided to impose provisional duties on oil country tubular goods (OCTG) from Argentina and Mexico following its preliminary findings. DOC determined that Argentine OCTG…
Liberty Steel is temporarily shutting down its wire rod plant in Peoria, Illinois, and has furloughed over 500 employees, according to local media reports. A company spokesperson told the Peoria Journal-Star that the…
U.S. President-elect Donald Trump has reiterated his opposition to Japanese steelmaker Nippon Steel's proposed acquisition of U.S. Steel, vowing to block the deal and strengthen the iconic American company through tax…
Mill Steel Co., one of the largest distributors of flat-rolled carbon steel, stainless steel, and aluminum in the U.S., has acquired Maryland Metals Processing (MMP), a major stainless and aluminum toll processor based…
United States Steel Corporation reported net earnings of USD 119 mln for Q3 2024, a decrease from USD 299 mln in the same quarter last year. U.S. Steel President and CEO David B. Burritt highlighted that the adjusted…
Nucor Tubular Products Marseilles has awarded Danieli Centro Tube a contract for a new orbital cut-off saw for its 5K-ERW mill in Marseilles, Illinois, USA. This saw will cut welded tubes up to 6 5/8 inches (168 mm) in…
Cleveland-Cliffs Inc. has announced that it has obtained the necessary regulatory and program approvals under the Investment Canada Act and the Strategic Innovation Fund, completing the final steps needed for its…
Nucor Steel Kingman has signed a 10-year services contract with Harsco Environmental, a leading global provider of steel mill services and a division of Enviri Corporation. Beginning in 2025, Harsco Environmental will…
Nucor Steel in Alabama has contracted SMS group to modernize and expand its Steckel mill at the Tuscaloosa site. The project's centerpiece involves transforming the existing mill into an advanced tandem Steckel mill…
Universal Stainless & Alloy Products, Inc. announced a definitive agreement to be acquired by Aperam in an all-cash transaction. Aperam will acquire all outstanding Universal shares at USD 45.00 per share, a 19pct…
ArcelorMittal has entered into a definitive equity purchase agreement with Nippon Steel Corporation (NSC) to acquire NSC's 50pct stake in the AM/NS Calvert joint venture. This move responds to regulatory concerns linked…
Cleveland-Cliffs Inc. has announced that it received a "no-action letter" from the Canadian Competition Bureau, indicating that the Commissioner of Competition does not plan to challenge its pending acquisition of…
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