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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.
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 ...
On top of that, Nippon Steel announced another $1.4 billion investment in U.S. Steel’s key facilities at Mon Valley, Pa. and Gary, Ind. Additionally, Nippon offered an additional 10-year ...
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 ...
The United States is also a major importer of iron and steel, as well as iron and steel products. Employment as of 2014 was 149,000 people employed in iron and steel mills, and 69,000 in foundries. The value of iron and steel produced in 2014 was $113 billion. [ 2 ]
President Joe Biden blocked the $15 billion acquisition of U.S. Steel by Japan's Nippon Steel on Friday — something he had first vowed to do in March. With roots dating to the late 19th century ...
The 124-year-old US Steel spent much of 2024 lobbying the Biden administration to approve the tie-up, which would have allowed the world’s fourth-largest steelmaker an entry into the US market.
The combined company will be among the top three steel-producing companies in the world, according to 2022 figures from the World Steel Association. The price tag for U.S. Steel is nearly double ...