Tag - steel

 
 

STEEL

Steel exports from China, the world’s largest producer, have surged this year, weighing on prices.
BUSINESS
Aug 13, 2025
Japan starts anti-dumping probe into Chinese and South Korean steel goods
The investigation will probe flows of hot-dipped galvanized coil, sheet and strip, the trade and finance ministries said.
Ambulances are seen outside U.S. Steel's Clairton Coke Works following explosions at the plant in Clairton, Pennsylvania, on Monday.
BUSINESS / Companies
Aug 12, 2025
Two dead, 10 hospitalized after Pennsylvania steel plant explosions
The incident at U.S. Steel's Clairton Coke Works happened at around 11 a.m. on Monday.
The Nippon Steel logo is displayed at the company's East Nippon Works Kimitsu Area plant in Kimitsu, Chiba Prefecture, in May.
BUSINESS / Companies
Aug 2, 2025
Nippon Steel swings into quarterly loss
The Japanese steelmaker said Friday that it had posted a consolidated net loss of ¥195.8 billion for the fiscal first quarter, against the year-before profit of ¥157.5 billion.
Nippon Steel had pledged to ensure that more than half of members of the U.S. Steel board are American citizens.
BUSINESS / Companies
Jul 31, 2025
Nippon Steel names three American directors to U.S. Steel board
The move fulfills a pledge that the Japanese steelmaker made under a national security agreement reached with the U.S. government.
Prime Minister Shigeru Ishiba and Chief Cabinet Secretary Yoshimasa Hayashi (right) meet with Nippon Steel Chairman and CEO Eiji Hashimoto (center), President and Chief Operating Officer Tadashi Imai (second from left), and Vice Chairman and Executive Vice Present Takahiro Mori (left) at the Prime Minister's Office in Tokyo on Wednesday.
BUSINESS / Companies
Jul 2, 2025
Nippon Steel aiming to prove value of Japan-U.S. cooperation, chairman says
PM Ishiba explained that Tokyo is continuing to urge the administration of U.S. President Donald Trump to review its high tariffs.
U.S. President Donald Trump receives a gold helmet with his name on it during a visit to U.S. Steel in West Mifflin, Pennsylvania.
BUSINESS / Companies
Jun 27, 2025
Trump himself will wield U.S. Steel ‘golden share’ superpowers
After the U.S. president leaves office, the authority will move to executive branch departments.
Ryosei Akazawa, Japan’s chief tariff negotiator (left), meets with Nippon Steel Chairman and CEO Eiji Hashimoto.
BUSINESS
Jun 24, 2025
Japan needs a big, beautiful trade deal with the United States
A creative solution along the lines of the U.S. Steel "golden share" has been suggested.
An electric motor, jointly developed by Honda and Daido Steel, for hybrid cars that uses no heavy rare earth metals  is displayed at an unveiling in Tokyo in July 2016.
BUSINESS / Companies
Jun 23, 2025
Honda supplier rethinks China relationship as trade war bites
For Daido Steel, the trade war has meant renewing a push to build rare earth supply routes outside of China.
Nippon Steel Chairman and CEO Eiji Hashimoto (left) and Nippon Steel Vice Chairman and Executive Vice President Takahiro Mori. The Japanese company is still undecided about a civil suit filed against a U.S. competitor.
BUSINESS / Companies
Jun 20, 2025
Nippon Steel drops lawsuit against U.S. government after acquiring U.S. Steel
The Japanese company had challenged the legality of U.S. President Joe Biden's rejection of the acquisition.
Nippon Steel Chairman and CEO Eiji Hashimoto leaves a news conference, at which he discussed the acquisition of United States Steel, on Thursday
BUSINESS / Companies
Jun 19, 2025
Nippon Steel completes U.S. Steel acquisition after 18-month slog
The firm now owns all the stock of the American steel-maker, other than a "golden share" that gives the U.S. government a degree of control
U.S. President Donald Trump’s reversal on the Nippon Steel deal creates a "win-win-win-win" situation benefiting both companies, the U.S. economy, and the Japan-U.S. alliance, but the golden share raises concerns about increased government control.
COMMENTARY / Japan
Jun 17, 2025
Nippon Steel deal signals a win for the U.S. economy and Japan alliance
Last week, Trump lifted the Biden block, saying that the acquisition could go forward if the two companies signed a national security agreement with the U.S. government.
Nippon Steel is buying United States Steel in a deal that gives the U.S. government a golden share in the U.S. steelmaker.
BUSINESS / Companies
Jun 16, 2025
Nippon Steel may have gotten the deal it wanted all along
The Japanese company has already committed to heavy investment in U.S. Steel and a U.S.-controlled board of directors at the American steelmaker.
U.S. government's "golden share" in U.S. Steel will require the company to obtain approval from the U.S. president before relocating its headquarters from Pittsburgh or changing its name, U.S. Commerce Secretary Howard Lutnick said Saturday.
BUSINESS / Companies
Jun 15, 2025
'Golden share' to help U.S. Steel keep name and prevent relocation
The move will also prevent Nippon Steel from transferring production or jobs outside the U.S. without consent of the U.S. president.
A production line at a plate rolling mill is seen at Nippon Steel's East Nippon Works Kimitsu Area plant in Kimitsu, Chiba Prefecture, last month.
BUSINESS / Companies / FOCUS
Jun 14, 2025
Debt to decarbonization: challenges for Nippon Steel
The Japanese giant faces numerous headwinds going forward, including onerous U.S. trade tariffs and lackluster global demand.
The Nippon Steel logo is displayed at the company's East Nippon Works Kimitsu Area plant in Kimitsu, Chiba Prefecture, last month.
BUSINESS / Companies
Jun 14, 2025
Trump gives formal blessing to Nippon Steel's $14.8 billion bid for U.S. Steel
The approval capped a tumultuous 18-month effort by the companies, beset by union opposition and national security reviews.
Nippon Steel Vice Chairman Takahiro Mori at U.S. Steel's Irvin Works facility in West Mifflin, Pennsylvania, on May 30
BUSINESS / Companies
Jun 11, 2025
3D urges shareholders to reject new term for Nippon Steel heads
Nippon Steel’s large-scale capital investment plan "significantly” exceeds the company’s market value, 3D said in a statement.
Japan and the United States are aiming for a meeting between Prime Minister Shigeru Ishiba and President Donald Trump at the Group of Seven leaders summit on June 16 and 17.
BUSINESS / Economy
Jun 4, 2025
U.S. doubles steel and aluminum tariffs as Japan counts on a breakthrough
The United Kingdom is exempt from the higher rates because it struck an early trade deal with the United States.
U.S. President Donald Trump at the U.S. Steel Corporation Irvin Works facility in West Mifflin, Pennsylvania, on Friday
BUSINESS / Markets
Jun 4, 2025
U.K. avoids doubled U.S. steel and aluminium tariffs as countries eye trade pact
The U.S. announcement, which exempts British steel and aluminum from a doubling of tariffs to 50%, came in a proclamation that will raise metals tariffs for other countries.
Trump hopes increased levies on aluminum and steel will protect margins for domestic mills and spur investment in new production capacity.
BUSINESS / Markets
Jun 3, 2025
U.S. aluminum and steel prices surge as Trump doubles tariffs
U.S. buyers could end up paying about 50% more than international competitors to get hold of aluminum.
U.S. President Donald Trump at the U.S. Steel Corporation Irvin Works facility in West Mifflin, Pennsylvania, on Friday
BUSINESS / Companies
May 31, 2025
Trump to hike steel tariffs to 50% to aid Nippon-U.S. Steel
The U.S. president said the move would help protect American steelworkers during a visit to a United States Steel plant on Friday.

Longform

Koichi Tagawa’s diary entry from Aug. 9, 1945, describes the day of the atomic bombing of Nagasaki.
The horrors of Nagasaki, in first person