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A dramatic improvement in the prospects for United States Steel (NYSE: X) being sold to a foreign buyer led to a rally in the stock on the last trading day of the year. The storied industrial ...
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 ...
U.S. Steel's stock price plunged as much as 25% in afternoon trading and was briefly halted after the Washington Post reported that President Joe Biden is preparing to formally block the proposed ...
Steel prices dropped significantly as the market became saturated with steel from previous demand, and many steel mills in the Western world were driven out of business. Some areas affected by the steel crisis were the Rust belt in North America, the English Midlands in the United Kingdom, the Ruhr area in West Germany and Bergslagen in Sweden.
A Nation of Steel: The Making of Modern America, 1865–1925 (1995) Chapter 1 "The Dominance of Rails" Nasaw, David. Andrew Carnegie (The Penguin Press, 2006). Paskoff, Paul F. Iron and Steel in the Nineteenth Century (Encyclopedia of American Business History and Biography) (1989) 385 pp; biographies and brief corporate histories; Rogers ...
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The world is awash in steel overcapacity, potentially over 500 million tons per year. China is home to much of that overcapacity (and falling domestic demand and producer price deflation). In such ...
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