Cleveland-Cliffs Clears Major Hurdle in Stelco Acquisition
Cleveland-Cliffs Inc. (NYSE: CLF) has taken a significant step forward in its planned acquisition of Stelco Holdings Inc
Cleveland-Cliffs Inc. (NYSE: CLF) has taken a significant step forward in its planned acquisition of Stelco Holdings Inc
Tariffs have long been a contentious topic in the United States, with their implementation and effects sparking heated debates among economists, policymakers, and consumers alike. Today we will look into the intricate world of tariffs, exploring their history, purpose, and most importantly, their overall impact on American consumers.
Domestic raw steel production in the United States experienced another significant decline last week due to ongoing scheduled maintenance outages. U.S. mills produced an estimated 1,606,000 tons at a 72.3% utilization rate, down from 1,646,000 tons and a 74.1% rate in the previous week. This marks the lowest utilization rate and tonnage output since January 2023. The downturn affected four out of five regions, with the Southern region experiencing the largest drop, decreasing from 710,000 tons to 691,000 tons. This widespread decrease underscores the current challenges facing the domestic steel industry.
Financial Times, New York Times and Washington Post revealed that the President had agreed to allow Nippon Steel to resubmit its filing with CFIUS. This will activate a 90-day extension to the committee’s considerations, making any decision unlikely before January – just days before the inauguration of the US’s next President.
© 2024 Steel Industry News, LLC
Privacy / Fair Use Policy | Advertising | Newsletter
© 2024 Steel Industry News, LLC
Privacy / Fair Use Policy | Advertising | Newsletter
This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognizing you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful. View our full Privacy PolicyÂ
Strictly Necessary Cookie should be enabled at all times so that we can save your preferences for cookie settings.
If you disable this cookie, we will not be able to save your preferences. This means that every time you visit this website you will need to enable or disable cookies again.
This website uses Google Analytics to collect anonymous information such as the number of visitors to the site, and the most popular pages.
Keeping this cookie enabled helps us to improve our website.
Please enable Strictly Necessary Cookies first so that we can save your preferences!
More information about our Privacy / Cookie Policy