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, […]

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 […]

Which steel industry consultants do I need to know about?

FourFour2, one of the most popular social media platforms for steel industry content, is offering its readers a range of free articles on the industry’s consultants, some of whom have previously worked with the UK’s biggest steelmakers.The list of steel industry contributors includes senior staff, senior business managers, senior analysts and senior financial planners.It also […]

How to stop the Texas steel industry from going bankrupt

Texas’ largest steel company, Teesside Steel, is facing bankruptcy and its owners are trying to raise $2.2 billion in debt, according to Reuters.The company’s owners are attempting to raise debt from its existing creditors, including hedge funds, private equity firms, and some of the state’s largest and most powerful landowners.The creditors want Teessid to stop […]

Agro Steel industry is hoping to win $1.6 billion from US government after coal lease sale

AgroSteel Industries, the agro-manufacturing company that has been struggling with a string of bankruptcies in recent years, is planning to take advantage of the $1 billion in coal leases that the US government has allocated to the coal industry.The government has awarded 1.6 million acres of land in the Midwest to Agro, which will now […]

Trump to cut $200 billion from steel industry: report

President Donald Trump on Friday announced he would slash $200 million from the steel industry’s contract with the Department of Commerce, a move that is likely to boost the industry’s reputation in the wake of its role in the Flint water crisis.“This is a slap in the face to all of us who have been […]

A national steel industry could be worth $1.4bn by 2030

By Tim Loehrke, ABC News | December 19, 2017 11:55:17 A national industrial steel industry worth $9.6 billion in 2030 is a realistic prospect for an industry that has struggled to generate new jobs and has a history of falling production and cost as demand has waned in the United States.“The economic prospects for the […]

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