Us Steel News - Latest Updates & Headlines
Trump announces Hyundai's USD 5.8 billion US Steel investment
Washington, DC, March 25: US President Donald Trump, alongside the Governor of Louisiana, announced on Monday that Hyundai will be investing USD 5.8 billion in American manufacturing, including the construction of a steel plant in Louisiana that will produce over 2.7 million metric tons of steel annually and create more than 1,400 jobs, in an official White House briefing earlier today.
Hyundai Steel shifts to emergency management mode amid tariff, labour woes
Seoul, March 14: Hyundai Steel said on Friday it has shifted to an emergency management mode in response to growing challenges, including the recent imposition of steel tariffs by the United States and an ongoing strife with unionised workers.
S. Korea to devise response measures to US tariffs on steel this month
Seoul, March 13: Seoul will come up with a response strategy before the end of this month to deal with the United States' 25 per cent tariff on all steel imports and protect the Korean steel industry, the industry minister said on Thursday.
South Korea shifts to emergency response system as US steel tariffs take effect
S: eoul, March 12 (IANS The South Korean government will go into a full emergency response mode as the U.S. tariffs on all steel and aluminum imports went into effect on Wednesday, Seoul's industry ministry said, amid efforts to minimise the impact of new U.S. duties on local industries.
US steel tariffs: India takes key steps to safeguard domestic manufacturers
New Delhi, March 12: The government said it has taken several steps to safeguard the domestic steel manufacturers and to strengthen competitiveness of India's steel industry, as the US announces imposition of 25 per cent tariff on steel and aluminium products on most favoured nation (MFN) basis from March 12.
US tariffs on steel sector unlikely to impact India materially: Crisil
New Delhi, Feb 18: The US tariffs on the steel sector are unlikely to impact India because only 2 per cent of the country's total finished steel exports in the first nine months of this fiscal were to the US, Crisil Intelligence said on Tuesday.
Aeronautical Development Agency, Mishra Dhatu sign MoU for high-strength steel
Mumbai, February 16: An MoU was signed between the Aeronautical Development Agency, Bengaluru, and Mishra Dhatu Nigam Ltd, Hyderabad, for the indigenous development of high-strength, high-toughness special steel for aerospace applications, as per a statement on Sunday.
Hike in US steel tariffs poses risk for India but offers opportunity too: ICRA
New Delhi, Feb 12: The Trump administration's hike in tariffs on steel imports coming into the US from countries such as Canada, Brazil, the EU and Asian suppliers like Japan and South Korea could cut both ways for India's domestic steel industry, according to an ICRA report released on Wednesday.
South Korea in close talks with local industries for response to US steel tariffs
Seoul, Feb 11: South Korea's industry ministry said on Tuesday it is closely communicating with local businesses and industry leaders to devise ways to minimize the impact from new U.S. tariffs on steel and aluminium imports that will inevitably affect local manufacturers and exporters.
Sensex, Nifty crash as US steel tariffs weigh on markets
Mumbai, Feb 11: The Indian stock market crashed on Tuesday, with the Sensex and Nifty falling over 1.3 per cent in the afternoon trade, as US President Donald Trump formally announced plans to impose 25 per cent tariffs on all steel and aluminium imports.
Stock market opens lower as Trump announces steep tariffs on steel, aluminium
Mumbai, Feb 11: The domestic benchmark indices opened lower on Tuesday, as US President Donald Trump formally announced plans to impose 25 per cent tariffs on all steel and aluminium imports coming into the United States "without exceptions or exemptions”.
Japan's Ishiba asks Biden to address 'strong concerns' in business community over blocking steel takeover deal
Tokyo, Jan 13: Japanese Prime Minister Shigeru Ishiba asked US President Joe Biden to address "strong concerns" in both Japanese and US business circles following Biden's order to block Nippon Steel's takeover of U.S. Steel, local media reported Monday.
Biden blocks Nippon Steel's USD 14.3 billion takeover of US Steel
New York, January 4: US President Joe Biden announced on Friday his decision to block a USD 14.3 billion acquisition of US Steel by Japan's Nippon Steel, a significant exercise of executive authority towards the end of his administration, CNN reported.
Japan's Nippon Steel to sue US government over decision to block acquisition
Tokyo, Jan 4: Japan's Nippon Steel Corp. is set to file a lawsuit in response to United States President Joe Biden's decision to block its takeover of US Steel Corp., local media reported Saturday.