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Search results for steelmaker

Ukraine dismisses commander overseeing eastern Donetsk region as Russia gains pace
1 week, 4 days ago

Ukraine dismisses commander overseeing eastern Donetsk region as Russia gains pace

Firstpost  

Oleksandr Lutsenko was dismissed from services after Ukrainian forces operating under him failed to deter Russia’s offensive, which has covered large swaths of Ukrainian lands in just a month Ukraine’s military on Saturday fired one of its commanders responsible for overseeing the operations in the eastern Donetsk region after Russia launched a barrage of attacks against Kyiv’s logistics hub. Oleksandr …

Ukraine Russia Russian Ukrainian Forces
Japan’s Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel
2 weeks, 5 days ago

Japan’s Nippon Steel sets sights on a growing overseas market in its bid to acquire US Steel

Associated Press  

KASHIMA, Japan — The signs at Nippon Steel read: “The world through steel,” underlining why Japan’s top steelmaker is pursuing its $15 billion bid to acquire U.S. Steel. Nippon Steel officials didn’t disclose details of the fine technology they said the planned acquisition would offer U.S. Steel. William W. Grimes, professor of international relations and political science at Boston University, …

Japan Steel Nippon Steel Nippon
Trump vows to block Japanese steelmaker from buying US Steel, pledges tax incentives and tariffs
3 weeks ago

Trump vows to block Japanese steelmaker from buying US Steel, pledges tax incentives and tariffs

Associated Press  

HARRISBURG, Pa. — President-elect Donald Trump is underscoring his intention to block the purchase of U.S. Steel by Japanese steelmaker Nippon Steel Corp., and he’s pledging to use tax incentives and tariffs to strengthen the iconic American steelmaker. !” President Joe Biden, like Trump, also opposes Nippon Steel’s purchase of Pittsburgh-based U.S. Steel. In a statement Tuesday, the union said …

Japan Trump Biden President Pittsburgh Tax Incentives Nippon Steel
Stock market today: Wall Street inches higher to set more records
3 weeks, 1 day ago

Stock market today: Wall Street inches higher to set more records

Associated Press  

NEW YORK — U.S. stocks tiptoed to more records amid a mixed Tuesday of trading, tacking a touch more onto what’s already been a stellar year so far. Nippon Steel announced plans last December to buy the Pittsburgh-based steel producer for $14.1 billion in cash, raising concerns about what the transaction could mean for unionized workers, supply chains and U.S. …

China Japan Market Stock Fed
Layoffs: German Steelmaker Thyssenkrupp Steel To Slash 40 Per Cent Of Workforce
4 weeks, 1 day ago

Layoffs: German Steelmaker Thyssenkrupp Steel To Slash 40 Per Cent Of Workforce

ABP News  

Thyssenkrupp Steel Europe is planning to slash its workforce by roughly 40 per cent, the firm said on Monday. It has been facing pressure from cheaper Asian competitors, increasing power prices, and a slowdown in global economy which has resulted in operating losses in four of the last five years, reported The Economic Times. Issuing an official statement, the firm …

Steel German Thyssenkrupp
Tata Steel Q2: Steelmaker Returns To Profit At Rs 833 Crore, Revenue Dips
1 month, 2 weeks ago

Tata Steel Q2: Steelmaker Returns To Profit At Rs 833 Crore, Revenue Dips

ABP News  

Tata Steel Ltd on Wednesday announced its financial results for the July-September quarter in the 2024-25 fiscal year. The firm’s revenue from operations slipped 3 per cent to Rs 53,489.73 crore in the quarter under review, as compared to Rs 55,107.21 crore logged in the September quarter in the previous fiscal year. The steelmaker clocked expenses at Rs 52,331.58 crore …

Steel Company Crore Quarter Firm
Tata Steel Q2 Results: Steelmaker posts net profit of ₹833 crore vs loss YoY, revenue falls 3%; Key highlights
1 month, 2 weeks ago

Tata Steel Q2 Results: Steelmaker posts net profit of ₹833 crore vs loss YoY, revenue falls 3%; Key highlights

Live Mint  

Tata Steel Q2 Results: Tata Steel Ltd announced its July to September quarter results on Wednesday, November 6. Tata Steel shares closed 0.85 per cent higher at ₹153.60 after Wednesday's trading session, compared to ₹152.30 at the previous market close. Key Highlights to look out for: Revenue from operations: The company's revenue from operations fell 3 per cent to ₹53,489.73 …

Steel Revenue Second Crore Quarter Tata Tata Steel
Big steelmaker weighs abandoning $500M Biden climate grant
3 months, 1 week ago

Big steelmaker weighs abandoning $500M Biden climate grant

Politico  

Goncalves’ words come amid a broader set of headwinds for private investments in low-carbon and clean-energy projects, which have seen several initiatives delayed or scrapped entirely despite the massive federal subsidies available through President Joe Biden’s climate and infrastructure laws. “I’m not going to do it if the government and the general public are not really supportive of that.” A …

Climate Green Biden Million Grant Doe Goncalves
Nippon Steel boosts capital commitment to US Steel plants
3 months, 3 weeks ago

Nippon Steel boosts capital commitment to US Steel plants

Associated Press  

HARRISBURG, Pa. — Nippon Steel Corp. raised its capital commitment Thursday by more than $1 billion to spend on U.S. Steel’s plants amid entrenched political and labor opposition to the Japanese company’s nearly $15 billion acquisition of the iconic American steelmaker. The announcement was lauded by David Burritt, U.S. Steel’s president and CEO, as evidence of Nippon Steel’s desire to …

Commitment Pennsylvania Steel President Pittsburgh Nippon Steel Nippon
India's JSW Steel to buy $120 mln stake in Australian firm to expand coal reserves
4 months, 1 week ago

India's JSW Steel to buy $120 mln stake in Australian firm to expand coal reserves

Hindustan Times  

By Manvi Pant and Indranil Sarkar India's JSW Steel to buy $120 mln stake in Australian firm to expand coal reserves BENGALURU, - India's top steelmaker JSW Steel said on Monday it will buy a 67% stake in an Australian private firm for $120 million in a bid to expand its coal reserves. JSW Steel said it will buy the …

India Coal Steel Stake Jsw Steel Jsw Coal Reserves
China's traditional manufacturing industries embrace digital transformation
5 months, 2 weeks ago

China's traditional manufacturing industries embrace digital transformation

China Daily  

staff member works at the centralized control center at the Jinnan Steel Group in Linfen, North China's Shanxi province, June 13, 2024. Measuring 20 meters high, the excavator is controlled by "driver" Wang Yongsheng, who sits in a remote cab several kilometers from the coal face, in the city of Holingol, North China's Inner Mongolia autonomous region. "We've integrated a …

China Manufacturing Control Traditional Production Coal Shanxi
US Steel Shareholders Approve Nippon Steel’s $14.1 Billion Takeover Offer
8 months, 1 week ago

US Steel Shareholders Approve Nippon Steel’s $14.1 Billion Takeover Offer

Live Mint  

-- United States Steel Corp. shareholders voted in favor of a $14.1 billion takeover offer by Nippon Steel Corp., leaving the fate of the deal for the iconic American steelmaker to the realm of US regulators and politics. Investors of US Steel approved the Japanese steelmaker’s $55-a-share offer at a special shareholders’ vote Friday that was widely expected to pass, …

Us Steel Nippon Steel
JSW Group and MG Motor JV to target 10 lakh EV sales by 2030, invest ₹5,000 crore
9 months ago

JSW Group and MG Motor JV to target 10 lakh EV sales by 2030, invest ₹5,000 crore

Hindustan Times  

JSW Group on Wednesday announced that a joint venture with MG Motor will aim to achieve sales of 10 lakh electric vehicles in India by 2030, capturing a significant share of the market. Mumbai: JSW Group Chairman Sajjan Jindal, JSW Cement Managing Director Parth Jindal and President and Managing Director of MG Motor India Rajeev Chaba unveil MG Cyberster electric …

India Cent Invest Joint Motor Managing Director Saic Motor
How global events shape our careers
10 months ago

How global events shape our careers

Live Mint  

This week, I had the privilege of speaking with Vivek Kaul, economist, author and columnist for Mint. People aware of the government’s plan, told Mint’s Subhash Narayan, about a possible merger with the Stock Holding Corporation of India, another entity where IFCI holds a significant stake. According to experts who spoke to Mint’s entertainment correspondent Lata Jha, this is a …

India Delhi Indian Haryana Crisis End Punjab
Steelmaker BlueScope announces $439 million half-year profit and plans to establish property division
10 months ago

Steelmaker BlueScope announces $439 million half-year profit and plans to establish property division

ABC  

In short: BlueScope posts $439 million half-year profit result for the first half of 2024 financial year. Managing director and chief executive Mark Vassella said North America and New Zealand delivered "softer" results while Asia returned a "solid" result up 17 per cent on the previous six months. He said the company's "robust balance sheet" underlined their future investment strategy …

Australia New Zealand Blast Furnace Port Kembla Mr Vassella Bluescope
JSW to invest ₹65,000 cr for new steel plant in Odisha
10 months, 1 week ago

JSW to invest ₹65,000 cr for new steel plant in Odisha

Live Mint  

JSW Steel Ltd, India’s largest steelmaker by capacity, will invest ₹65,000 crore to set up one of its biggest manufacturing plants, in Odisha, adding to the country’s efforts to boost production of the alloy. JSW Steel, part of the $23-billion JSW Group, is establishing a greenfield complex in the industrial city of Paradip that will include a steel plant with …

India Odisha Manufacturing Steel Invest Capacity Jsw Steel
Tata Steel to cut 2,800 UK jobs, shut down 2 blast furnaces at Port Talbot
11 months ago

Tata Steel to cut 2,800 UK jobs, shut down 2 blast furnaces at Port Talbot

Live Mint  

The closures are part of the company’s plan to turn around its loss-making UK steelmaking business by switching to lower-carbon electric arc furnaces. Steelmaker Tata Steel said on Friday that it will shut down its two blast furnaces at its Port Talbot steelworks in Wales, Britain by the end of this year, which will result in the loss of up …

Port Adfree Uk Jobs Tata Steel Port Talbot Furnaces
At least 32 dead, 18 missing after mine fire in Kazakhstan
1 year, 1 month ago

At least 32 dead, 18 missing after mine fire in Kazakhstan

Hindustan Times  

At least 32 people died and 18 remained missing after a mine fire in Kazakhstan, the Ministry for Emergency Situations said. Operator ArcelorMittal Temirtau, the local unit of the Luxembourg-based steelmaker, said that 206 of 252 people at the Kostenko mine had been evacuated after what appeared to be a methane blast while 18 people had sought medical attention. Kazakhstan …

Kazakhstan Kazakh Mine Fire
IPO Frenzy: 139 SMEs Raise Rs 3,540 Crore Via Public Issue In 2023 So Far
1 year, 2 months ago

IPO Frenzy: 139 SMEs Raise Rs 3,540 Crore Via Public Issue In 2023 So Far

ABP News  

Small and Medium Enterprises received great interest in their initial public offerings this year due to robust participation from family offices along with high-net-worth individuals, adequate market liquidity, and strong investor sentiments. So far in 2023, 139 SMEs have raised Rs 3,540 crore through issue sales, data from primedatabase.com revealed. He added, “Going by the industry data, a total of …

Market Crore Sme Ipo Frenzy Raise Rs Public Issue
India’s JSW Steel slows stake buy in Canada firm on diplomatic spat: Report
1 year, 3 months ago

India’s JSW Steel slows stake buy in Canada firm on diplomatic spat: Report

Al Jazeera  

Discussions between India’s JSW Steel and Canada’s Teck over the latter’s stake sale had slowed down, Reuters reported. In the first sign that a diplomatic spat is affecting trade ties, India’s JSW Steel Ltd is slowing down the process to buy a stake in the steelmaking coal unit of Canada’s Teck Resources, Reuters news agency has reported, citing a source …

India Canada Reuters Stake Canadian Source Jsw Steel
Former ACCC boss applauds record BlueScope fine for attempted price fixing, wants higher penalties
1 year, 3 months ago

Former ACCC boss applauds record BlueScope fine for attempted price fixing, wants higher penalties

ABC  

The inaugural chairperson of the Australian Competition and Consumer Commission has declared a record $57.5 million penalty against BlueScope for attempted price fixing was proper and deserved. Key points: The Federal Court last week ordered the steelmaker to pay a $57.5 million penalty for trying to fix prices A former ACCC boss says fines for big companies should be much …

Penalty Fine Accc Bluescope Professor Fels Fels Wants Higher
Steelmaker BlueScope fined record $57.5 million for attempted price fixing of flat steel
1 year, 3 months ago

Steelmaker BlueScope fined record $57.5 million for attempted price fixing of flat steel

ABC  

The Federal Court has imposed a "significant penalty" on Australia's largest steelmaker for attempted cartel conduct, which it hopes will deter other businesses from breaking the law. Key points: Last year, the Federal Court found that BlueScope and former executive Jason Ellis engaged in price fixing Mr Ellis has also had a $575,000 penalty imposed ACCC has welcomed the decision …

Court Penalty Steel Cartel Accc Conduct Imposed
Privately held Esmark makes offer for US Steel, sets up bidding contest for iconic steelmaker
1 year, 4 months ago

Privately held Esmark makes offer for US Steel, sets up bidding contest for iconic steelmaker

Associated Press  

NEW YORK — Industrial conglomerate Esmark said Monday it has made an all-cash offer to buy U.S. Steel that values the iconic steelmaker at $7.8 billion, topping an earlier offer from rival Cleveland-Cliffs. On Sunday, U.S. Steel said it had rejected a cash and stock offer from Cleveland-Cliffs that was valued at $7.3 billion as of the close of trading …

Iconic Steel Esmark
Tata steel Q1 results preview: Analysts are confident, can showcase good results
1 year, 5 months ago

Tata steel Q1 results preview: Analysts are confident, can showcase good results

Live Mint  

Tata Steel, India's largest steelmaker, is scheduled to announce its first-quarter results for FY2024 in this week. Tata Steel is expected to report strong earnings growth in the first quarter of FY2024, driven by robust sales and margin expansion. The company's operating margin is expected to improve by 150-200 basis points year-on-year, driven by the favorable product mix and the …

Steel Quarter Margin Expected Grow Its Products Tata Steel