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 multi-billion-dollar merger. But the Japanese giant faces…
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Steel
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 for US Steel can be resolved if the companies…
Trump’s 50% tariffs on steel and aluminum are imminent. Here’s what to know
U.S. President Donald Trump has promised to hike nearly all of his tariffs on foreign steel and aluminum to a punishing 50% on Wednesday, a move that would hammer businesses from…
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 week. Contracts linked to the prices that…
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 steel and aluminium, fuelling more…
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 on steel and aluminium to 50 per cent to “even…
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 per cent, ratcheting up pressure on global steel…
Trump celebrates Nippon Steel 'deal' with rally at Pennsylvania plant
US President Donald Trump on Friday (May 30) lauded a “partnership” between Nippon Steel and US Steel at a political rally but stopped short of clarifying whether he planned to approve the…
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 manufacturing and keep an iconic company under…
Trump announces he's doubling tariffs on steel imports to 50%
President Trump said he will double the tariffs he imposed on all steel imported into the United States to 50%, extending the trade battle he launched to protect American steel in March.…
U.S. government to have control in Nippon Steel-U.S. Steel deal, Trump and McCormick say
U.S. Sen. David McCormick said Tuesday that an arrangement that will allow Japan-based Nippon Steel to invest in U.S. Steel will guarantee an American CEO, a majority of board members from…
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 exports has likely peaked, as trade…
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 appeared on Friday (May 23) to have received a…
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 members believe any security risks posed by the deal…
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 bolstered its pledge to invest in United States…
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 steel market pressured by China’s exports and the…
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 of 55 per cent in Southern Steel Mesh. BRC Asia…
Vietnam steel body seeks tariffs on Chinese, South Korean galvanised steel
VIETNAM’S Steel Association has asked the government to impose tariffs on galvanised steel imported from China and South Korea to protect domestic production, the government said on Friday…
China must cut 15% of steel capacity to meet 2025 climate goals
CHINA needs to tackle its steel glut by cutting 15 per cent of capacity this year, if mills are to meet their 2025 climate goals and return to profitability, according to clean energy…
US Steel, Nippon Steel were blindsided by Trump investment talk
US PRESIDENT Donald Trump’s comments last week that Nippon Steel would invest in United States Steel instead of pursuing a takeover surprised shareholders. It turns out that his words…
Trump to announce 25% steel and aluminum tariffs
President Donald Trump said he will announce on Monday that the United States will impose 25% tariffs on all steel and aluminum imports, including from Canada and Mexico, as well as other…
Nippon Steel slumps after Trump suggests US Steel investment
NIPPON Steel slumped the most in four months after a closely watched summit between US President Donald Trump and Japanese Prime Minster Shigeru Ishiba heightened uncertainty over the…
Trump set to announce 25% steel and aluminium tariffs in latest trade salvo
PRESIDENT Donald Trump is expected to introduce new 25 per cent tariffs later on Monday (Feb 10) on all steel and aluminium imports into the US, on top of existing metals duties, in…
Steel, aluminium tariffs will impact millions of tonnes of imports
AluminIum and steel were among the first tariffs to be enacted during President Donald Trump’s first term. A revival of those measures is expected Saturday (Feb 1), which would affect…