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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 ...
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.
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]
Below is more on this year's list of the top risks for 2025. "G-Zero Wins" tops list The top concern is what's called "the G-Zero Wins," an idea that the world could be in an era without leaders ...
The list ranks steelmakers by volume of steel production in millions of tons over time and includes all steelmakers with production over 10 million in 2021. The World Steel Association features a list from its members every year. Due to mergers, year-to-year figures for some producers are not comparable. Not all steel is the same.
Lockheed Martin forecast 2025 profit that missed Wall Street expectations on Tuesday, as the defense giant grapples with delayed rollouts of a tech upgrade on the F-35, underscoring a cautious ...
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The World Steel Association has a policy paper on climate change and the production of iron and steel. [1] Economics: The association publishes monthly production statistics and two annual statistical publications: the Steel Statistical Yearbook and World Steel in Figures. Information on future trends is published twice a year, in the form of a ...