steel

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US Steel Warns Its Sale Had Better Go Through

CEO says plants will close, headquarters will move south from Pittsburgh if Nippon deal fails

(Newser) - You can count President Biden , former President Trump, and Vice President Kamala Harris as being in agreement on at least one thing—all are against the proposed sale of US Steel to a decidedly non-US steelmaker, Japan's Nippon Steel. But as the Wall Street Journal reports, US Steel CEO...

Biden Vows to Block Acquisition of US Steel

He also aims to triple tariffs on Chinese steel

(Newser) - President Biden promised cheering unionized steelworkers on Wednesday that his administration would block the acquisition of US Steel by a Japanese company. He also called for a tripling of tariffs on Chinese steel, seeking to use trade policy to win over working-class votes in Pennsylvania, an election-year battleground. Biden said...

Japan's Nippon Steel Scoops Up US Steel for $14B

New combined company will be among top 3 steel-producing companies in the world

(Newser) - US Steel, the Pittsburgh steel producer that played a key role in the nation's industrialization, is being acquired by Nippon Steel in an all-cash deal valued at approximately $14.1 billion. The transaction is worth about $14.9 billion when including the assumption of debt. The combined company will...

She Gave the OK for Steel Used in Navy Subs. Now, a Guilty Plea

Retired metallurgist Elaine Thomas, 67, admits she falsified foundry's test reports on steel strength

(Newser) - For about four decades, Elaine Thomas worked as a metallurgist for a steel foundry in Washington state, churning out steel castings used by Navy contractors to make submarine hulls. And for about 30 of those years, prosecutors now say, Thomas falsified results from tests designed to test the steel's...

US, EU Compromise on Trump Tariffs
US, EU Agree on Trump
Steel Tariffs
Oct 30, 2021 4:05 PM CDT

US, EU Agree on Trump Steel Tariffs

Tensions among nations had been rising along with costs

(Newser) - US and EU negotiators have reached a broad agreement to dial back tensions over steel and aluminum tariffs imposed under former President Trump. Under the deal, NPR reports, US tariffs will stay in place, but an unspecified amount of steel and aluminum from the European Union will be allowed into...

This Is the Final Nail in the Coffin of Bethlehem Steel

Defunct company's old headquarters demolished, and some are happy to see it go

(Newser) - Sixteen thousand tons of Bethlehem Steel collapsed in a matter of seconds Sunday as a demolition crew imploded Martin Tower, the defunct steelmaker's former headquarters. Crowds gathered to watch the demolition of the Pennsylvania area's tallest building, a 21-story monolith that opened at the height of Bethlehem Steel'...

'Extinction' Looms for America's Biggest Nail Manufacturer

Mid-Continent Nail says it was forced to raise prices due to the 25% tariff on steel

(Newser) - Mid-Continent Nail laid off 60 of its 500 workers on June 15, and says it could have to entirely halt production by Labor Day, reports CNN . Located in Poplar Bluff, Mo., the nation’s largest manufacturer of nails says that it was forced to raise prices due to the new...

Turkey Strikes Back Against US Tariffs

Move hits $1.8B in American goods

(Newser) - Turkey is imposing tariffs on nearly two dozen US products, ranging from cars to sunscreen, to strike back at Washington's sanctions on imported steel and aluminum, the AP reports. According to documents filed with the World Trade Organization, Turkey will slap $267 million in tariffs on $1.8 billion...

EU's 'First Phase of Retaliation' Against US Launches Friday

The tariffs it threatened in March are on their way

(Newser) - The tariff tit for tat continues, with the EU set to put a wave of new tariffs against US exports into place on Friday. It's a response to the steel and aluminum tariffs that were imposed on the bloc three weeks ago , and the BBC characterizes the to-be-targeted exports...

New Tariffs on US Allies Called 'Dangerous'

The EU, Canada, and Mexico get hit

(Newser) - The delay is over . The Trump administration is announcing tariffs on steel and aluminum imports from the European Union, Canada, and Mexico, in a move sure to raise worries of a trade war. Commerce Secretary Wilbur Ross says there will be a 25% tariff on imported steel and a 10%...

Trump Delays Tariffs on EU, Canada, Mexico

Decision on steel imports will be postponed 30 days

(Newser) - The White House said Monday it would postpone a decision on imposing tariffs on US imports of steel and aluminum from the European Union, Canada, and Mexico for 30 days, avoiding the potential for a trade battle with Europe as the US prepares for tense trade talks in China this...

China Files WTO Complaint Over Trump's Tariff Hike

Says Trump's decision on aluminum, steel violates international trade rules

(Newser) - China has filed a World Trade Organization complaint challenging President Trump's tariff hike on imported steel and aluminum, the trade body said Tuesday. The tariff spat is one element of a wide-ranging trade dispute between Trump and Chinese President Xi Jinping's government. Trump also has threatened to increase...

Trump Signs Off on Steel, Aluminum Tariffs

They take effect in 15 days

(Newser) - As expected, President Trump signed off on steel and aluminum tariffs Thursday at the White House, CNBC reports. Trump says a 25% tax will apply to steel imports, and 10% will be added to aluminum brought into the US, the AP reports. Trump says the excess of imported steel and...

Trump's Tariff Surprise Now Has NAFTA Link

He says Mexico, Canada can avoid new taxes by renegotiating trade pact

(Newser) - President Trump suggested Monday that his plan to impose hefty tariffs on steel and aluminum might have some wiggle room, at least for Mexico and Canada. In morning tweets, Trump said the two nations could avoid the tariffs by giving ground in ongoing NAFTA negotiations, reports the Wall Street Journal ...

Bannon 'Comeback' Involves Steel, Canada, Dairy 'Disgrace'

Nationalist views on trade win out over globalist ones—or so it seems for now

(Newser) - President Trump has been pushing hard to bring his "Buy American, Hire American" mantra to fruition, including with an executive order meant to prevent "foreign cheaters" from taking US jobs and infringing on our steel production, a senior administration official said Monday, per Politico . The New York Times ...

White House: Keystone XL Doesn't Have to Use American Steel

'The steel is already literally sitting there'

(Newser) - President Trump's "Buy American" order calling for American steel to be used in American pipeline projects doesn't cover the Canadian, Italian, and Indian steel being used in the Keystone XL Pipeline project. White House spokeswoman Sarah Sanders said Friday that Trump's order applies to "new,...

Scientists Create New 'Super Steel'
 Scientists Create 
 New 'Super Steel' 
STUDY SAYS
Feb 5, 2015 12:40 PM CST

Scientists Create New 'Super Steel'

Titanium-strength metal is lighter, stronger, cheaper—and less likely to break

(Newser) - A group of South Korean scientists says it's finally come up with the perfect metallurgical cocktail to create a new form of steel that's flexible, lightweight, relatively inexpensive—and as strong as titanium, Popular Mechanics reports. The South Korean study published in Nature , which is being heralded by...

Battered Ohio Town Finds Hope in Fracking

Rust Belt steelmaking rebounds thanks to controversial gas extraction technique

(Newser) - The Rust Belt has suffered through decades of decline and job losses, but now a $650 million steel plant, bringing 350 new jobs, is going up in Youngstown, Ohio—and you can thank fracking for the revival, reports the Wall Street Journal . The rise of hydraulic fracturing—the process of...

SF Bay Bridge Reopens
 SF Bay Bridge Reopens 
Nov 2, 2009 2:08 PM CST

SF Bay Bridge Reopens

Test of repairs to repair clears way for commuters

(Newser) - The San Francisco-Oakland Bay Bridge reopened to commuter traffic this morning after a successful test of repairs was conducted overnight. The bridge has been out of commission since Tuesday, when the original repair failed and crushed three cars. Workers took a while to “get the geometry” of the new...

Navy Ship Built With World Trade Center Steel Sets Sail

USS New York heads from Louisiana to namesake city for official commissioning

(Newser) - A US Navy ship built using materials from the World Trade Center has left the Louisiana yard where it was built and headed north for its official christening. The USS New York, an amphibious transport ship, features at its bow some 7½ tons of steel deemed still usable after the...

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