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The $14.9 billion sale of iconic steelmaker US Steel to Japan’s Nippon Steel ends months of speculation over industry consolidation in a move criticized by union workers, but seen by one analyst ...
American Metal Market (AMM) is an online provider of industry news and metal pricing information for the U.S. steel, nonferrous and scrap markets. Products include a daily publication available electronically, live news on the publication's website, a hard-copy magazine and a series of weekly newsletters covering niche markets.
In 2022, the U.S. was the third-largest producer of raw steel worldwide, after China and India, and ranked sixth in pig iron production. By November 2024, the industry produced over 74 million net tons annually.
In December 2021, 14.3% of the Australian workforce were union members; this was a decline of more than 5 percentage points since 2010 and nearly 10 percentage points since 2005. [5] In Sweden union density was 68% in 2019. [6] [7] In all the Nordic countries with a Ghent system—Sweden, Denmark and Finland—union density is almost 70%. In ...
Cleveland Cliffs acquired AK Steel in 2019 right before steel prices began to spike and within a year, it acquired ArcelorMittal USA in 2020 for $1.4 billion. U.S. Steel bought Big River Steel the ...
Shares of U.S. steel stocks U.S. Steel (NYSE: X), Cleveland Cliffs (NYSE: CLF), and Steel Dynamics (NASDAQ: STLD) were rallying on Wednesday, up 8.2%, 20.1%, and 13.8%, respectively, on the day ...
In neighboring Canada, where the structure of the economy and pro or anti-union sentiment among workers is very similar, unionization was steadier. From 1970 to 2003, union density in the US declined from 23.5 percent to 12.4 percent, while in Canada the loss was much smaller, going from 31.6 percent in 1970 to 28.4 percent in 2003. [57]
The percentage of workers belonging to a union (or "density") in the United States peaked in 1954 at almost 35% and the total number of union members peaked in 1979 at an estimated 21.0 million. [ 27 ] [ 28 ] Membership has declined since, with private sector union membership beginning a steady decline that continues into the 2010s, but the ...