Advertising

Keywords: Steel


EU pledges strong response to US tariffs on steel and aluminum

The European Union has vowed to take firm action in response to the new US tariffs on steel and aluminum. Ursula von der Leyen, President of the European Commission, declared on Tuesday that these measures "will not go unanswered," emphasizing that the 27-member bloc will implement robust countermeasures......

Trump announces tariffs in escalating trade conflict

U.S. President Donald Trump has unveiled plans to impose a 25% tariff on all steel and aluminum imports, alongside retaliatory tariffs aimed at countries that impose tariffs on American goods. Trump confirmed on Sunday that he would formally announce the steel and aluminum tariffs the next day, with......

Legal Battle for Time: Nippon Steel Challenges U.S. Steel Merger Block

Nippon Steel and U.S. Steel have filed a lawsuit to contest President Joe Biden's decision to block their $14.9 billion merger, a move they claim violated their constitutional rights. Although legal experts believe the lawsuit is unlikely to succeed, it could provide the companies with valuable time......

Biden Moves to Block Nippon Steel’s Acquisition of US Steel

President Joe Biden has decided to block the proposed acquisition of US Steel by Japan’s Nippon Steel, a move that comes in response to national security concerns. The deal, valued at $14.9 billion, has been a subject of intense scrutiny, with Biden expected to formally announce his decision as......

Biden Faces Crucial Decision on US-Japan Steel Deal

The proposed $15 billion acquisition of US Steel by Japan’s Nippon Steel has reached a critical juncture, leaving the final decision in the hands of United States President Joe Biden. This development comes after the Committee on Foreign Investment in the United States (CFIUS) failed to reach a......

Sonasid Reports 5% Sales Growth Driven by Strategic Investments and Regional Expansion

Sonasid, Morocco’s leading steel producer, has announced a 5% rise in sales, reaching MAD 3.704 billion by the end of September 2024. This growth is attributed to a 12% increase in sales volumes over the first nine months of the year, reflecting the company's effective strategies and investments. A......

Tragedy Strikes Central Mexico: Steel Plant Explosion Claims Twelve Lives

A devastating explosion at a steel plant located in the city of Apizaco, Tlaxcala,has resulted in the deaths of twelve individuals, with one additional person injured, according to local authorities. The incident occurred on Wednesday and has raised significant concerns regarding safety protocols within......

Riva Industries Unveils $290 Million Steel Complex in Morocco

New Facility Aimed at Boosting Domestic and International Steel Production Riva Industries, a prominent Moroccan steel manufacturer, has inaugurated an advanced industrial complex in Jorf Lasfar with an investment of approximately 2.9 billion dirhams ($290 million). This cutting-edge facility is set......