Steel News Updates

GovernmentBusinessLogistics

Supreme Court Rejects Challenge to Trump’s 25% Steel Tariffs

The U.S. Supreme Court left intact President Donald Trump’s 25% tariffs on imported steel products, rejecting an industry trade group challenge that sought to strip the president of a powerful legal tool for imposing duties.

June 22, 2020
Business

U.S. Steel Foreshadows Blue-Collar Pain With 2,700 Layoffs

U.S. Steel Corp. expects to lay off about 2,700 employees as the virus forces the company to idle most of its blast furnaces.

May 1, 2020
GovernmentBusinessEquipment

Appeals Court Upholds Trump’s 25% Steel Import Tariffs

President Donald Trump acted within his authority when he imposed a 25% tariff on certain steel imports effective March 2018, a U.S. appeals court ruled Feb. 28.

February 28, 2020
Business

Top Steelmaker Sounds Alarm as Coronavirus Spreads

The most influential mills group in the world’s largest steelmaker has sounded the alarm about the outlook as the coronavirus crisis rips through China’s economy, warning of transport snarls, weaker demand and a situation this quarter that “does not look optimistic.â€

February 6, 2020
GovernmentBusiness

US Steelmaker Nucor Corp. Raises Prices for Fifth Time in Two Months

Nucor Corp., the largest U.S. steelmaker, raised prices for a fifth time since late October, adding to signs of a rebound in the industry.

January 8, 2020
Business

US Steel to Eliminate 1,545 Michigan Jobs

U.S. Steel Corp. warned of a fourth-quarter loss, announced it would shut down most of its Great Lakes Works near Detroit, lay off more than 1,500 workers and slash its dividend.

December 20, 2019
GovernmentBusiness

Trump Says He’ll Place Tariffs on Steel, Aluminum From Argentina, Brazil

WASHINGTON — President Donald Trump on Dec. 2 accused Argentina and Brazil of hurting American farmers through currency manipulation and said he’ll slap tariffs on their steel and aluminum imports to retaliate.

December 2, 2019
GovernmentBusiness

GM Strike Sends Another Knock to Wobbly US Steel Sector

With its midyear recovery already in doubt, the American steel industry now has a little more to worry about with each passing day a strike drags on at General Motors Co.

October 8, 2019
GovernmentBusinessLogistics

US Steel Stock Takes Hit, Earnings Estimates Missed

U.S. Steel Corp. said it expects to report a wider loss than analysts were expecting, the third American steelmaker in three days to warn on their outlook. The shares fell.

September 19, 2019
BusinessTechnology

Hydrogen a Climate Alternative for Steel

Steel could shed its reputation as a climate threat by using hydrogen instead of fossil fuels for as much as half of global output by 2050, according to BloombergNEF.

August 29, 2019