steel

Sticking to their guns on the tariffs while there is an ongoing oil crisis, Trump announces a 100% tariff on patented drugs and a new 25% tariff on copper, aluminum, and steel derivatives.

BREAKING:– Trump to impose 100% TARIFF on patented drugs– Trump to impose a 25% TARIFF on Copper, Aluminum and steel derivatives It’s almost as if he wants prices to be as high as possible for the average America. — Brian Krassenstein (@krassenstein) April 2, 2026 Sticking to their guns on the tariffs while there's an …

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Gold demand surges amid sovereign reserve changes as iron, copper, nickel, aluminum, zinc, and steel smelting halt worldwide

Infographic: Global gold demand;Global gold demand is being reshaped by shifting sovereign reserve strategies, changing investment behavior and an increasingly uncertain outlook. Infographic: Global gold demand https://t.co/KL9R4F1O48 — MINING.COM (@mining) February 5, 2026 https://www.mining.com/infographic-global-gold-demand/ Without metals and industrial elements — steel, copper, aluminum, iron ore, nickel, zinc, titanium, etc. — human civilization cannot exist. Nearly …

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Rand Paul warns Trump’s tariffs on crops, fertilizer, steel, and lumber are crushing Ohio family farms and making U.S. agriculture uncompetitive

Tariffs on foreign buyers made their crops less competitive around the world (and drove down prices) . . .tariffs on fertilizer, steel, aluminum, and lumber sent the cost of doing business through the roof. Ohio family farmers describe life under Trump https://t.co/X2FsHHI7Oo — Rand Paul (@RandPaul) October 3, 2025 Soybean farmer: We are in a …

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EU to double steel import tariffs to 50%, matching US rates and escalating trade tensions with China

https://finance.yahoo.com/news/eu-propose-doubling-tariff-rate-092936456.html The European Union plans to hike tariffs on its steel imports to 50%, according to a draft proposal seen by Bloomberg. The move will align the bloc’s rate with the US, which has sought to push back against overcapacity from China. The EU currently has a temporary mechanism in place to safeguard its steel …

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Milk now taxed like steel under new tariff codes

Trump just reclassified dairy as steel. That is not satire. That is policy. On August 18, the administration dropped 407 new tariff codes with no exemptions and no grace period. “Many of these new HTS provisions would not normally be considered aluminum or steel derivative products … at least not by any reasonable understanding of …

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Mass casualty alert: huge blast rocks U.S. Steel plant in Pennsylvania with multiple injuries and emergency crews flooding in

BREAKING: Mass casualty incident declared as EMS resources respond to explosion at U.S. Steel Clairton Coke Works in Pennsylvania. – WPXI-TV Pittsburgh Video: Ava Rash/WTAE pic.twitter.com/pTCCAy7x3x — AZ Intel (@AZ_Intel_) August 11, 2025 Multiple injuries. Medical helicopters dispatched. EMS units pulled from across the region. “Emergency crews are on the scene of a reported explosion …

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Trump tariffs hit Canadian metals with extinction threat, half of steel and 80 percent of aluminum exports at risk

pic.twitter.com/Uc8Ndc22Gw — Tablesalt 🇨🇦🇺🇸 (@Tablesalt13) May 31, 2025 In fact Canada only has 2 main industry- oil and wood 🪵 If global recession comes and oil goes below $40 and housing market crashes , Canada unemployment will go above 20% all within 3 years from now . https://t.co/1pm96R2cND — tic toc (@TicTocTick) May 31, 2025 …

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Superwood that’s 50% stronger than steel is coming this year

Maryland-based startup InventWood is set to mass-produce the first batches of ‘Superwood,’ a new material made of modified timber that’s stronger than regular barky stems, and even stronger than steel. It’s set to go on sale later this year. Editor’s note: Readers often ask us for follow-ups on memorable stories. This article was originally published …

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Trump greenlights Nippon merger with US Steel

https://www.cnbc.com/2025/05/23/trump-greenlights-nippon-merger-with-us-steel.html President Trump announced a “planned partnership” between U.S. Steel and Japan’s Nippon Steel, following the blocked $14.9B acquisition over national security concerns. Trump claimed the deal would create 70,000 jobs and add $14B to the U.S. economy, with most investment over 14 months. U.S. Steel will stay in Pittsburgh. Shares surged 24%. https://nypost.com/2025/05/23/us-news/japan-based-nippon-steel-can-invest-in-us-steel-trump-says/

India offers zero-for-zero tariffs on both auto parts and steel from the United States.

BREAKING: India offers zero-for-zero tariffs on both auto parts and steel from the United States. — The Kobeissi Letter (@KobeissiLetter) May 5, 2025 In a bid to advance its ongoing trade negotiations with the United States, India has reportedly offered to impose zero tariffs on select American goods, including steel, auto components, and pharmaceuticals—up to …

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Reynolds directs British Steel after MPs back emergency law giving government power to seize control

https://twitter.com/globalbeaconn/status/1911118301201072580 The Business Secretary has issued instructions to British Steel, using the emergency powers approved by Parliament on Saturday to save the Scunthorpe blast furnaces. A Government source confirmed that Jonathan Reynolds had given directions to the company following the extraordinary sitting of Parliament. But they declined to give details of those instructions, saying they …

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British Steel nears collapse—3,500 jobs at risk as net zero bites… UK ships 50 million used tyres to India yearly—most burned for oil

Rachel didn’t see this coming… ECONOMY – BREAKING: oops … more bad growth news for Rachel. She don’t factor this in either. British steel now looking at closing! 3500 jobs would be lost. Net zero will make you wealthier apparently 🤡 pic.twitter.com/rcbi4GsCbB — Bernie (@Artemisfornow) March 27, 2025 🚨NET ZERO -The UK ships 50 MILLION …

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Australia Won’t Retaliate Against ‘Unjustified’ US tariffs on Steel and Aluminum

Australian Prime Minister Anthony Albanese said Wednesday that U.S. tariffs on Australian steel and aluminum were unjustified, but his government would not retaliate with its own tariffs. U.S. President Donald Trump said last month he was considering a tariff exemption for Australia, a free trade treaty partner that has traded with the United States at …

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China Has Developed a Revolutionary Method to Produce Steel 3,600 Times Faster and Without Coal

After a decade of relentless research, a team of Chinese scientists has achieved a remarkable feat: producing steel without coal and at a speed 3,600 times faster than traditional methods. This innovation, first reported by the South China Morning Post, could reshape the global steel industry while dramatically reducing its environmental footprint. After a decade …

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Biden to block sale of U.S. Steel.

President Joe Biden has decided to officially block Nippon Steel’s proposed purchase of U.S. Steel, a once-iconic American company whose sale to a foreign buyer he publicly opposed for months, according to two administration officials who were not authorized to speak publicly about the matter. Barring an unforeseen change of heart, which the officials do …

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Steelworkers Vow to Keep ‘US Steel US Owned’ as Foreign Giant Gobbles Up American Industry, major ties to CHINA

Steelworkers Vow to Keep ‘US Steel US Owned’ as Foreign Giant Gobbles Up American Industry Nippon Steel Corp. raised its capital commitment Thursday by more than $1 billion to spend on U.S. Steel plants amid entrenched political and labor opposition to the Japanese company’s nearly $15 billion acquisition of the iconic American steelmaker. Nippon Steel’s …

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Is China’s Steel Industry on the Brink of a Major Crisis?

By Metal Miner Several countries, including Malaysia and India, have initiated anti-dumping investigations into cheap steel imports, primarily from China. India has become a net importer of steel, with a significant surge in imports from Vietnam. China’s steel industry is facing a potential crisis, with the possibility of increased exports exacerbating global trade tensions. Via Metal Miner …

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Massive Overcapacity in Steel, What Will China Do With It?

by Mike Shedlock Demand for steel is collapsing, but China keeps producing it. Already high trade tensions will increase. Too Much Steel in China Means Trouble for the World Bloomberg reports Too Much Steel in China Means Trouble for the World When it comes to steel, China is king, producing more than 1 billion tons a …

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U.S. Steel shares drop as Biden plans to block purchase by Japan Nippon Steel.

WASHINGTON (Reuters) -U.S. President Joe Biden plans to express concern over Nippon Steel’s proposed $14.9 billion purchase of U.S. Steel, a person familiar with the matter said on Wednesday, pushing the U.S. company’s stock nearly 13% lower on bets the deal could face greater political opposition. The issue has the potential to overshadow an April …

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Steel Production Down to Lowest in 15 Years in Germany

by Chris Black The incredible part is that there is no plan to fix any of this. The German government has effectively said “this is just going to keep getting worse and worse.” It’s a complete deindustrialization project, the explanation being that the leaders of Germany don’t like the leaders of Russia. Remix: Steel production …

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German energy policy consequences: Shift away from cheap energy impacts competitiveness, factories close, dependence on Chinese steel rises.

Insane German energy policy has consequences. If you put radical left wing socialists and Green (communist) parties in control of your govt, this is what happens. They shut down all cheap energy and then your factories are no longer competitive and they close. Without cheap… https://t.co/Hcp1I64ufY — Wall Street Mav (@WallStreetMav) December 21, 2023

U.S. Steel closes Granite City furnace ‘indefinitely,’ warns 1,000 of layoffs

via stltoday GRANITE CITY — The last operating blast furnace at U.S. Steel’s plant in Granite City will remain idled indefinitely, the company said Tuesday, extending a closure first billed as temporary. The company on Tuesday also notified 600 additional employees that they might lose their jobs. U.S. Steel spokeswoman Amanda Malkowski, however, said the …

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Budget Shortfall Sparks Crisis in German Steel Sector: Uncertainty Looms Over Billions in Planned Investments, Industry’s Viability at Risk

The German steel sector, facing a substantial budget shortfall due to a court ruling, is sounding an alarm on the nation’s industrial transformation. With more than 40 billion euros ($44 billion) in planned investments now under scrutiny, the sector is grappling with a loss of confidence and growing uncertainty. How long before the steel industry …

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