China Steel Industry: U.S. and Ukraine Agreements ‘A Band-Aid’

WASHINGTON — The United States and Ukraine have signed a new agreement to support the joint development of the countrys industrial steel industry and the creation of a new Ukrainian steel mill.The agreement, reached Tuesday by President-elect Donald Trump, also calls for the U.K. and China to invest billions of dollars in Ukraine.In the agreement, […]

Why is the Senate Judiciary Committee so obsessed with investigating the role of Asian steel producers in the Fukushima nuclear disaster

The Senate Judiciary panel on Thursday voted down a bipartisan amendment that would have put the focus back on the Japanese government’s role in overseeing the construction of the reactor at Fukushima Daiichi.The amendment was introduced by Sen. Patrick Leahy, D-Vt., but was blocked by Sen, Richard Blumenthal, D of Connecticut.The proposal would have asked […]

A little history of the Arham steel plants

The steel plant in rural Pennsylvania is now a massive, modern, and expensive piece of machinery.Its construction, however, began a thousand years ago.A little over a thousand year ago, the Pennsylvania mines employed around 2,000 people and produced about 2 million tons of steel a year.These days, they employ around 2 million people and produce […]

How to respond to President Trump’s executive order: Experts

President Donald Trump signed an executive order on Thursday that directs the federal government to investigate and impose sanctions on companies that manufacture steel products, including those from Mexico.The move could affect thousands of steel and aluminum manufacturers across the United States and around the world, but it comes as the United Steelworkers union is […]

Heavy Steel Industry to pay $2.4 billion to union for contract deal

Birmingham, Alabama — The heavy steel and aluminum industries will pay $1.2 billion to settle a union contract dispute, the Birmingham Industrial Council said Wednesday.The union, representing some 3,000 employees, said in a statement the agreement included $1 billion in severance pay and $1 million in non-qualified bonus pay, in addition to an additional $200 […]

Why Argentina’s steel industry is so profitable

In the late 1990s, Argentina began producing a new type of steel called “steels” for the world market.But the new steel was not as cheap as its competitors’ steel, so the government decided to start recycling old steel and start selling it as new steel.At the same time, Argentina was getting an abundance of cheap […]

Bharat Steel Industries is buying industrial steel:

Bharat’s steel industry is poised to benefit from a sale of its industrial steel mills to a consortium led by a Malaysian-based investment firm, according to a report on Tuesday.The report said the deal would enable the Bharat steel and iron ore producer to diversify its manufacturing base.“We have signed a preliminary deal with a […]

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