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Steel Dynamics, Inc. Announced Q1 2024 Earnings Guidance

Steel Dynamics, Inc. Announced Q1 2024 Earnings Guidance

SDI repurchased $279 million, or 1.4 percent, of its common stock during the first quarter through March 11, 2024.
Nippon Steel Denied Layoffs, Plant Closures Due to U.S. Steel Acquisition

Nippon Steel Denied Layoffs, Plant Closures Due to U.S. Steel Acquisition

The United Steelworkers (USW) too had expressed their strong protest over selling out the employees to a foreign entity.
Nucor’s Steel Product Segment Earnings to See Decline in Q1 2024

Nucor’s Steel Product Segment Earnings to See Decline in Q1 2024

The improved performance at its DRI facilities was offset by lower margins at its scrap processing operations, the company press release said.
Biden to Raise Concern over Nippon Steel's Deal for U.S. Steel

Biden to Raise Concern over Nippon Steel's Deal for U.S. Steel

Last year, the Pittsburgh-based company launched a formal review of its strategic options after rebuffing a takeover offer from steelmaker Cleveland-Cliffs.
U.S. Steel Announced Strategic Investment in Freespace Robotics

U.S. Steel Announced Strategic Investment in Freespace Robotics

Freespace Robotics is a portfolio company from Carnegie Foundry, in which U.S. Steel is also an anchor investor.
NJ Steel Company Cited by OSHA for Serious Safety Violations

NJ Steel Company Cited by OSHA for Serious Safety Violations

A penalty of $348,683 has been levied against steel fabrication company Kenric Steel LLC.
Great Lakes Steel Production Jumps by 20,000 tons

Great Lakes Steel Production Jumps by 20,000 tons

U.S. steel mills have run at a capacity utilization rate of 75.8% through Saturday, down from 77.7% at the same point in 2022, according to the AISI.
Bill Introduced in Senate Seeks To Limit Lower-Cost Steel Imports From Mexico

Bill Introduced in Senate Seeks To Limit Lower-Cost Steel Imports From Mexico

The decision to idle the plant was made after the International Trade Commission voted not to permit tariffs on tin imports.
Nucor, Samarco Announced Extension of Five-Year DRI Import Agreement

Nucor, Samarco Announced Extension of Five-Year DRI Import Agreement

Vilela stated that the extension of the agreement comes in tandem with the restart of the company’s third pelletizing plant in Brazil.
ArcelorMittal Announced Strategic Stake Acquisition in Vallourec

ArcelorMittal Announced Strategic Stake Acquisition in Vallourec

The closing of the transaction is subject to necessary regulatory approvals and is expected in the second half of the current year.
Trump Pledges to Get Tough with Tariffs Again If Elected

Trump Pledges to Get Tough with Tariffs Again If Elected

In China’s case, many of the tariffs have remained in place under the Biden administration.
AISI Reported Surge in U.S. Raw Steel Output

AISI Reported Surge in U.S. Raw Steel Output

The leading producer was the Southern region, with an output of 762,000 net tons.
Cleveland-Cliffs Employees Urge Support for the U.S. Steel Industry

Cleveland-Cliffs Employees Urge Support for the U.S. Steel Industry

He suggested Steelworkers and their supporters should remember politicians who have been supportive of the industry when they enter the polls this year.
Steelmakers Mull Building Electric Furnaces in US

Steelmakers Mull Building Electric Furnaces in US

An electric furnace melts scrap metal with electricity, so emitts 80% less carbon than blast furnaces using iron ore and bituminous coal, the main culprit of greenhouse gas emissions.

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