Search results
Results from the WOW.Com Content Network
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]
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 ...
On the losing end of Wall Street was U.S. Steel, which sank 5% after saying its fourth-quarter results will likely come in below its earlier forecast. CEO David Burritt said steel prices remain ...
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.
On many occasions, it has received government protection as a result. Nippon Steel appears ready to launch the necessary capital infusion, along the lines of the $1.2 trillion modernization plan ...
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 ...
In 2019, the year Hashimoto became president, Nippon Steel lost $3.9 billion. Last year, the company generated $5.1 billion in profit. Last year, the company generated $5.1 billion in profit. This ...