US Steel to Eliminate 1,545 Michigan Jobs
U.S. Steel Corp. warned of a fourth-quarter loss, announced it would shut down most of its Great Lakes Works near Detroit, lay off more than 1,500 workers and slash its dividend.
Trump Says He’ll Place Tariffs on Steel, Aluminum From Argentina, Brazil
WASHINGTON — President Donald Trump on Dec. 2 accused Argentina and Brazil of hurting American farmers through currency manipulation and said he’ll slap tariffs on their steel and aluminum imports to retaliate.
GM Strike Sends Another Knock to Wobbly US Steel Sector
With its midyear recovery already in doubt, the American steel industry now has a little more to worry about with each passing day a strike drags on at General Motors Co.
US Steel Stock Takes Hit, Earnings Estimates Missed
U.S. Steel Corp. said it expects to report a wider loss than analysts were expecting, the third American steelmaker in three days to warn on their outlook. The shares fell.
Hydrogen a Climate Alternative for Steel
Steel could shed its reputation as a climate threat by using hydrogen instead of fossil fuels for as much as half of global output by 2050, according to BloombergNEF.
August 29, 2019