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In December, U.S. Steel said it expected fourth-quarter adjusted earnings of roughly $150 million, undershooting Wall Street forecasts of nearly $262 million. The company reported third-quarter ...
NEWARK, Del, Jan. 21, 2025 (GLOBE NEWSWIRE) -- The global iron ore pellets industry is poised for robust growth, with the market value anticipated to reach USD 66.8 billion in 2024 and expand at a CAGR of 6.1% between 2025 and 2035. By 2035, the market is expected to reach USD 128.1 billion, fueled by the surge in demand for high-quality steel ...
Gold hovered near all-time highs on Tuesday as the threat of tariffs has sent prices up 10% year-to-date. ... plan against steel and ... forecast to USD 3,000/oz for 2025 as we believe the metal ...
In 2008, 2009, 2015 and 2016 output fell in the majority of steel-producing countries as a result of the global recession. In 2010 and 2017, it started to rise again. Crude steel production contracted in all regions in 2019 except in Asia and the Middle East. India is the 2nd leading producer of iron and steel industries. [citation needed]
Nippon Steel has subsequently delayed its timeline for closing the deal from the middle of 2024 towards the end of the year. [18] In September 2024, it was revealed that the Biden Administration was preparing to block Nippon's proposed acquisition of U.S. Steel. [19] On January 3, 2025, Joe Biden blocked the deal via an executive order.
World Steel Association, abbreviated as worldsteel, is the international industry association for the iron and steel sector. The association is one of the largest and most dynamic industry associations in the world, with members in every major steel-producing country. worldsteel represents steel producers, national and regional steel industry associations, and steel research institutes.
(Reuters) - A U.S. government panel is set to submit its recommendations this month on whether a Japanese takeover of U.S. Steel would threaten national security, with the fate of the $15 billion ...
The company is aiming to boost the total steel production capacity to 38.5 MTPA by the financial year 2025. [ 10 ] As of April 2023, nearly 98% of JSW Steel's revenue comes from steel and related products — long rolled products (18%), galvanised coils/sheets (15%), CR coils/sheets (9%), plates/pipes (5%), other miscellaneous steel products (5 ...