Steel News & Analysis

After Nippon Steel’s bid was thwarted by the Biden administration, other American competitors are looking for an acquisition.

There’s renewed uncertainty over U.S. Steel’s future after President Biden decided to block Nippon Steel’s acquisition bid, worth over $14 billion, citing national security.

Alpha Metallurgical (AMR) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock doesn’t suggest further strength down the road.

An offer is probably months away from happening.

The bid by Japan’s Nippon Steel to buy U.S. Steel may have a new lease on life after the Biden Administration extended a deadline for the Japanese steelmaker to abandon plans to acquire the storied Pittsburgh company after President Joe Biden bl…

Potential approach comes weeks after Joe Biden blocked Nippon Steel’s proposed $15bn takeover

Though the president blocked Japanese purchase of Nippon Steel, it remains a U.S. ally.

Shutdown last year blamed on wrong coal and is latest sign of difficulties at Chinese-owned operations

Nucor (NUE) closed the most recent trading day at $118.16, moving -0.02% from the previous trading session.

Scientists in the UK have forged 5.5 tonnes of a new kind of steel capable of withstanding the searing heat and intense neutron radiation of nuclear fusion, the same reaction that powers the Sun and stars. The breakthrough is another boost to Europe’s …

Canada is looking at putting retaliatory tariffs on American orange juice, toilets and some steel products if U.S. President-elect Donald Trump follows through with his threat to impose 25% tariffs on all Canadian products, a senior official familiar …

Donald Trump said this week he will use economic coercion to pressure Canada to become the nation’s 51st state.

Allegheny Technologies (ATI) reachead $55.58 at the closing of the latest trading day, reflecting a +0.11% change compared to its last close.

The onetime dynamo is fighting to revive a takeover by Nippon Steel. Other tie-ups could also face obstacles, and going it alone could force cutbacks.

The faded industrial icon has few good options without a Nippon deal

The faded industrial icon has few good options without a Nippon deal

American investment could become less welcome, undermining Japan’s progress on corporate reforms.

Steel Dynamics (STLD) concluded the recent trading session at $119.81, signifying a +0.99% move from its prior day’s close.

Weak domestic markets for long steel products have led MT’s South Africa division to wind down its Longs business.

The steel makers want a federal court to junk the President’s call to scrap the $14.9 billion merger, saying the national security concerns cited are groundless.