China lags in efforts to achieve 2025 green steel goals, analysts say
CHINA is falling short when it comes to decarbonising its huge steel industry, with slowing demand, low recycling rates and lingering overcapacity...
Nippon Steel pledges to move US HQ to US Steel’s Pittsburgh
NIPPON Steel would move its United States headquarters to Pittsburgh where its acquisition target US Steel is based if the deal goes...
Nippon Steel defends US deal after Biden comes out against bid
NIPPON Steel said it’s determined to complete its US$14.1 billion acquisition of United States Steel after President Joe Biden stated the company...
Biden opposes Nippon Steel takeover of US Steel
US PRESIDENT Joe Biden said on Thursday he is against the proposed sale of US Steel to Japan’s Nippon Steel, as election...
America’s steel madness
LATE last year, Japan’s Nippon Steel announced that it had reached a deal to acquire US Steel Corporation for US$14.1 billion –...
BRC Asia’s Q1 profit up 46.5% to S$17.1 million
MAINBOARD-LISTED BRC Asia reported a 46.5 per cent increase in net profit to S$17.1 million for its first quarter ended Dec 31...
The protectionist impulse in Washington
IF THERE is one impulse that brings together Republican and Democratic lawmakers, it’s what can be described as “economic xenophobia” – the...
Tata Steel to close UK blast furnaces with loss of up to 2,800 jobs
TATA Steel said on Friday (Jan 19) it will close its two blast furnaces in Britain by the end of this year...
Japan's Jan-March crude steel output forecast to rise 1.7%
JAPAN’S crude steel output is forecast to rise 1.7 per cent year-on-year in the first three months of 2024 because of healthy...
Nippon-US Steel deal deserves ‘serious scrutiny’, White House says
THE White House on Thursday (Dec 21) said Nippon Steel’s US$14.9 billion proposed acquisition of US Steel Corp deserves “serious scrutiny”, given...