If I am Donald Trump, how am I going to rebuild the military if I have less steel and steeper costs for steel imports than my predecessor?
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United States Steel stock has dropped almost 25% in the last one year, compared to the S&P500 index which has gained 24% during the same time..
Observers on the left are worried that under President Donald Trump, America will “sleepwalk” into autocracy. I have news: we already live in a Presidential autocracy. We just exchange one elected presidential dictator for another.
Ancora Holdings Group said the board of U.S. Steel and its CEO have prioritized the sale to Nippon because they stand to profit if it goes forward.
Activist investor Ancora called for a shakeup in U.S. Steel leadership on Monday and adding new members to the board of directors after the company's failed sale to Nippon Steel.
Last week, Nippon Steel and U.S. Steel filed two lawsuits after U.S. President Joe Biden blocked a $14.9 billion buyout of the American steelmaker by the Japanese firm. President-elect Donald Trump takes office on Monday.
An asset manager is seeking to quash Nippon Steel's takeover of U.S. Steel and oust the leadership of the U.S. steelmaker after taking a stake in the company. Ancora reported acquiring a 0.18%
Defense programs, particularly shipbuilding, will experience high costs and delays if the administration's tariffs target crucial materials, analysts said.
Canada’s Stelco Holdings Inc. has been telling U.S.-based consumers it is pausing sales quotes, according to a person familiar with the matter. Mexico-based steel suppliers also stopped taking orders for material this week as they await potential action from Trump, according to Flack Global Metals, a large buyer.
U.S. President Donald Trump’s pledge to levy punishing new tariffs on Canada has prompted calls for Ottawa and the provinces to turn to other markets. But any bid to do more business with Canada’s second-largest trading partner,
The new deadline, now in mid-June, was viewed by U.S. Steel — and investors — as an opportunity for the companies to complete the acquisition, even though President-elect Donald Trump, who takes office in a week, also opposes the deal. "We are pleased ...