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News
ArcelorMittal ends plan to take over Italy JV after government ruling - Bloomberg (MT:NYSE)
1+ week, 4+ day ago (63+ words) Seeking Alpha HJBC/iStock Editorial via Getty Images ArcelorMittal (MT) dropped its planned takeover of a joint venture with struggling car part manufacturer CLN-Coils Lamiere Nastri after the Italian government imposed restrictions, Bloomberg reported Tuesday. The steel company had agreed…...
U.S. Aluminum Market Will Remain Tight Despite Latest Tariff Changes
2+ week, 3+ day ago (12+ words) Seeking Alpha...
Steel Dynamics, Nucor surge on S&P leaderboard as U.S.-Canada trade fight escalates (STLD:NASDAQ)
2+ week, 5+ day ago (61+ words) Seeking Alpha lyash01/iStock via Getty Images Steel Dynamics (STLD) and Nucor (NUE) are among the top gainers on the S&P 500 leaderboard in early trading Monday as investors digest the implications of the collapse in trade talks between the U.S. and…...
Algoma Steel, South Bow rise after Trump says U.S. reached trade deal with Canada (ASTL:NASDAQ)
3+ week, 3+ day ago (62+ words) Seeking Alpha Taitai6769/iStock via Getty Images Algoma Steel (ASTL) surges 14.5% in Thursday's trading after President Trump announced a tentative deal to stave off potential new 50% duties on $20B worth of Canadian imports ranging from hockey sticks and electronics to plastics and…...
Trump offers to cut aluminum tariffs for companies building in U.S. (AA:NYSE)
1+ mon, 3+ week ago (63+ words) Seeking Alpha Funtay/iStock via Getty Images The Trump administration unveiled an incentive program Monday that would reduce tariffs on imported aluminum to 25% from 50% for companies that build, expand, or refurbish aluminum plants in the U.S. The U.S. does not have enough…...
Trump threatens Canada with tariffs over wildfire smoke (EWC:NYSEARCA)
1+ mon, 3+ week ago (59+ words) Seeking Alpha zxvisual/iStock via Getty Images President Donald Trump is threatening to increase tariffs on Canada (EWC), blaming the neighboring country for the wildfire smoke currently blanketing parts of the U.S. In a social media post Friday afternoon, Trump fiercely…...
Cleveland-Cliffs wins $400M U.S. Defense electrical steel contract
2+ mon, 1+ week ago (17+ words) Cleveland-Cliffs wins a $400M, 5-year DLA contract for grain-oriented electrical steel supporting U.S....
Steel Partners comes out against `value-destructive' CEO-led buyout offer for InMode
2+ mon, 1+ week ago (55+ words) Seeking Alpha Steel Partners, whose $18 offer to buy InMode was rejected in February, said it has “serious concerns” about a $16.20 CEO-led buyout offer. "Let us be direct," Steel Partners Executive Chairman Warren G. Lichtenstein wrote in a letter to...
BHP, Rio Tinto look beyond China for India in ramping up steel production (BHP:NYSE)
2+ mon, 3+ week ago (32+ words) BHP and Rio Tinto said they see India as the next big growth engine for global steelmaking, as growing steel demand in India and Southeast Asia help offset the stagnating market in China....
What’s Next For U.S. Copper Import Tariffs
3+ mon, 14+ hour ago (78+ words) Seeking Alpha - The US tariff decision on copper imports is weeks away, with the Commerce Secretary due to deliver a recommendation to President Donald Trump by 30 June. - The market has already begun pricing the outcome. - The COMEX-LME spread has widened…...