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UK-US tariff deal begins but still no news on steel
A deal to cut import tariffs between the US and UK has come into force, giving British car makers preferential access to the world's…
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Steel
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Malaysia keeps anti-dumping duties on some Chinese, Japanese iron, steel
Malaysia said on Saturday (Jun 21) it would maintain anti-dumping duties on imports of Chinese and Japanese cold rolled coils of iron and…
News
ArcelorMittal drops plans for green steel in Germany due to high energy costs
ArcelorMittal, the world’s second-largest steelmaker, said on Thursday it had dropped plans to convert two plants in Germany to…
Business
Nippon Steel’s US$14.9 billion acquisition of US Steel closes, with big role for Trump
Nippon Steel’s US$14.9 billion acquisition of US Steel closed on Wednesday (Jun 18), the companies said, confirming an unusual degree of…
Business
Nippon Steel shares rise after Trump approves US$14.9 billion US Steel bid
Nippon Steel shares rose on Monday after US President Donald Trump approved its US$14.9 billion bid for US Steel, clearing a key hurdle in…
News
Debt to decarbonisation: challenges for Nippon Steel
Nippon Steel on Saturday (Jun 14) touted a “historic partnership” with US Steel after US President Donald Trump approved a…
Business
Trump said Nippon-US Steel deal has resolvable national security risk
US PRESIDENT Donald Trump said on Friday (Jun 13) that concerns over national security risks posed by Nippon Steel’s US$14.9 billion bid…
News
US aluminium and steel prices surge as Trump doubles tariffs
Futures tracking aluminium and steel prices in the US surged after President Donald Trump said he will double tariffs on the metals this…
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US: Wall Street opens lower after Trump’s steel tariff threat
Wall Street’s main indices opened lower on Monday (Jun 2) after US President Donald Trump revealed plans to double tariffs on imported…
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Singapore shares fall after Trump vows to double steel tariffs; STI down 0.1%
Shares on the Singapore bourse ended lower on Monday (Jun 2), after US President Donald Trump said last week that he would double tariffs…
News
Trump says he plans to double steel, aluminum tariffs to 50%
US President Donald Trump on Friday said he planned to increase tariffs on foreign imports of steel and aluminum to 50 per cent from 25…
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Trump hails Nippon-U.S. Steel deal for saving 100,000 American jobs
President Trump touted the partnership deal he helped broker between U.S. Steel and Japan's Nippon Steel, saying the alliance will boost…
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Trump: US to increase steel import tariffs to 50%
President Donald Trump has announced the US will double its current tariff rate on steel imports from 25% to 50%. Speaking at a rally in…
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Trump holding Pennsylvania rally to promote deal for Japan-based Nippon to 'partner' with U.S. Steel
President Donald Trump is holding a rally in Pennsylvania on Friday to celebrate a details-to-come deal for Japan-based Nippon Steel to…
Business
Nippon Steel could offer Washington golden share to seal US Steel deal, Nikkei reports
Deliberations over the idea, which would give Washington the power to veto important management matters Nippon Steel is considering…
Business
Chinese steel exports to drop as barriers mount: Goldman
Domestic consumption is forecast to fall 2% in 2025 to 839 million tonnes, the fifth straight year of decline blowout in Chinese steel…
Business
Trump backing for Nippon Steel deal comes with big questions
After more than 17 months of lobbying and close-fought negotiations to secure control of United States Steel, Japan’s Nippon Steel…
News
US panel divided over Nippon Steel bid for US Steel but path forward seen, says official
A national security panel was divided in its recommendation to President Donald Trump on Nippon Steel’s bid for US Steel but most panel…
Business
Nippon Steel boosts investment pledge for proposed US Steel deal
Trump has ordered another CFIUS review of the national security implications of the combination of both companies Nippon Steel has…
Business
Nippon Steel expects profit to drop 43% this year, US steel decision by early June
Nippon Steel expects net profit to slide 43 per cent in the fiscal year ending March 2026, it said on Friday (May 9), citing a weak global…
News
UK-US tariff deal: Cars, steel and beef - what you need to know
Jennifer Meierhans Business reporter, BBC News The UK and the US have reached a deal over tariffs on some goods traded between the…
Business
BRC Asia signs pact to buy majority stake in Southern Steel Mesh for RM61 million
Steel fabricator BRC Asia said on Tuesday (Apr 22) it has entered into a conditional share purchase agreement to buy a controlling stake…
News
British Steel: Government races to keep Scunthorpe furnaces burning
Officials are working to deliver essential raw materials to British Steel's Scunthorpe plant, the government has said, as it races to keep…
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UK rushes to find materials to keep British Steel plant running
UK officials are rushing to secure the raw materials needed to keep Britain’s last primary steel manufacturer running, with other…