Policy
Public policy affecting the iron and steel industry.
Latest News
Report: China’s Steel Industry Could See Wave of Consolidation
23 September 2024 - With nearly 75% of China’s steel producers posting losses in the first half of this year, bankruptcy is a looming risk — and one that could spur consolidation among domestic producers, reports the Bloomberg news service.
Report: Decision on U. S. Steel Acquisition Likely to Come After Election
18 September 2024 - Nippon Steel Corp. has won permission to refile its plan for acquiring United States Steel Corporation, an action that will likely delay a decision on the merger until after the November election, reports the Bloomberg news service.
Steel Groups to Senate: Pass Leveling the Playing Field Act
11 September 2024 - The Steel Manufacturers Association, the American Iron and Steel Institute, the United Steelworkers union and other manufacturing groups are urging the U.S. Senate to pass a bill that would give the government additional tools to stop unfair trade practices by China.
U.K. Funding Allows Tata Steel EAF Project to Move Forward
11 September 2024 - Tata Steel has signed a GBP500 million funding agreement with the U.K. government, allowing it to move forward with a process conversion at its historic Port Talbot Works in Wales.
China Expands Carbon Trading Program to Include Steel
10 September 2024 - China’s steel, aluminum and cement producers will be added to the country’s national carbon trading market, the Bloomberg news service reports.
Harris Joins Biden in Opposing U. S. Steel Sale
03 September 2024 - U.S. Vice President Kamala Harris said she disapproves of Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, arguing that the company should remain domestically owned.
China Reconsiders Capacity Swap Program
26 August 2024 - With China’s demand for steel on the decline, the government is rethinking its policy for allowing new steel mills to be built, according to the Bloomberg news service.
Canada to Implement 25% Tariff on Chinese Steel
26 August 2024 - Taking a cue from the United States and Europe, Canada announced Monday that it will impose a 25% tariff on Chinese steel, as well as Chinese aluminum and electric vehicles produced in the country.
AISI: Commerce Department Made the Correct Decision on Vietnam Non-Market Economy Status
08 August 2024 - The American Iron and Steel Institute (AISI) is applauding the Commerce Department’s decision to retain Vietnam’s non-market economy status.
Report: EU Sees Mixed Progress on Creating Green Hydrogen Market
30 July 2024 - The European Union took an early lead in moving to establish a regional green hydrogen economy, setting as a goal to produce and import 20 million metric tons by 2030.
U. S. Steel Takes Its Merger Case to Voters
29 July 2024 - United States Steel Corporation has turned to a new tactic as it pushes to brings its US$14.9 billion merger with Nippon Steel Corp. to fruition: pitching the public directly.
American Steel CEOs Push for Further Action on Mexican Imports
24 July 2024 - The U.S. government should take further steps to stop transshipments of steel through Mexico, the chief executive officers of two of the country’s top steel producers said this week, according to the Bloomberg news service.
Report: Justice Department to Further Scrutinize Nippon Steel-U. S. Steel Deal
11 April 2024 - The U.S. Justice Department has initiated an in-depth antitrust investigation of Nippon Steel’s planned acquisition of United States Steel Corporation, according to a report in Politico.
Japan Prime Minister Hopes for Positive Outcome to U. S. Steel Acquisition
10 April 2024 - Japan Prime Minister Fumio Kishida expressed hope Wednesday that the Nippon Steel acquisition of United States Steel Corporation will come to pass.
Report: Europe So Far Has Committed EUR10 Billion to Steel Decarbonization Projects
10 April 2024 - European countries are throwing significant financial support to steel decarbonization projects, announcing EUR10.5 billion in grants between January 2023 and March 2024, according to Ukrainian think tank and consultancy GMK Center.
Biden Weighs in on U. S. Steel Acquisition
14 March 2024 - U.S. President Joe Biden is opposed to Nippon Steel Corp.’s planned acquisition of United States Steel Corporation, saying Thursday that it is important that the U.S. maintain “strong American steel companies powered by American steel workers,” according to the Associated Press.
EU OKs Germany Plan to Support ArcelorMittal Project
29 February 2024 - The European Commission has signed off on Germany’s EUR1.3 billion financial aid package to ArcelorMittal in support of the steelmaker’s plan to decarbonize facilities there.
Canada to Collect Steel Country of Melt and Pour Info on Steel Imports
21 February 2024 - Canada will join the United States as the only countries requiring melt and pour information on imported steel.
Doubts Arise Over China’s Latest Steel Production Numbers
22 January 2024 - Skepticism is again rising over China’s official economic activity measures, with steel being a prime case in point, report the (London) Financial Times.
NSC-USS Sale Doesn’t Impact National Security, Says Former Treasury Secretary
19 January 2024 - Former Treasury Secretary Lawrence Summers said national security is a non-issue when it comes to the Nippon Steel Corp. acquisition of United States Steel Corporation, reports the Bloomberg news service.
