Latest Steel manufacturing News

Treasury Secretary Steven Mnuchin, right, and Secretary of State Mike Pompeo, left, participate in a briefing at the White House in Washington, Friday, Jan. 10, 2020. (AP Photo/Susan Walsh)

Trump ups Iran accusations, says 4 US embassies targeted

Jan. 11, 2020 1:36 AM EST

WASHINGTON (AP) — Confronted by persistent questions about his military action in the Middle East, President Donald Trump and his top officials offered a string of fresh explanations Friday, with Trump now contending Iranian militants had planned major attacks on four U.S. embassies. Just hours earlier,...

Secretary of State Mike Pompeo and Treasury Secretary Steve Mnuchin brief reporters about additional sanctions placed on Iran, at the White House, Friday, Jan. 10, 2019, in Washington. (AP Photo/ Evan Vucci)

US announces new sanctions on Iran after missile strikes

Jan. 10, 2020 12:01 PM EST

WASHINGTON (AP) — The Trump administration on Friday announced a new wave of sanctions on Iran following this week's missile strikes by the Islamic Republic on U.S. bases in Iraq. Secretary of State Mike Pompeo and Treasury Secretary Steven Mnuchin said the new sanctions will target eight senior Iranian...

London-based firm says it's buying Louisiana steel mill

Dec. 23, 2019 6:22 PM EST

LAPLACE, La. (AP) — London-based Liberty Steel Group said Monday that its $28 million cash offer has made it the preferred buyer for a Louisiana steel mill that shut down abruptly in the fall, putting 376 people out of work. Bayou Steel Group announced the layoffs and shutdown Sept. 30. The following day,...

Dutch farmers, construction workers protest pollution policy

Dec. 18, 2019 6:46 AM EST

THE HAGUE, Netherlands (AP) — From border crossings in the east to a steel factory in the west, Dutch farmers and construction workers protested Wednesday against the government pollution policies they say are driving them out of business. Farmers took to the roads in their tractors, blocking a major...

Currency traders watch monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, Dec. 4, 2019. Asian stock markets followed Wall Street lower after President Donald Trump cast doubt over the potential for a trade deal with China this year. (AP Photo/Ahn Young-joon)

Asian stocks follow Wall Street lower on trade worries

Dec. 4, 2019 12:11 AM EST

BEIJING (AP) — Asian stock markets followed Wall Street lower Wednesday after President Donald Trump cast doubt over the potential for a trade deal with China this year. Benchmarks in Tokyo and Hong Kong fell more than 1% while Shanghai and South Korea also retreated. Trump said he has "no deadline" for a...

FILE - This Jan. 26, 2009, file photo shows an AK Steel Holding Corp. plant in Middletown, Ohio. Cleveland-Cliffs is buying AK Steel in a stock deal valued at about $1.1 billion. (AP Photo/Al Behrman, File)

Cleveland-Cliffs buying AK Steel in $1.1B stock deal

Dec. 3, 2019 12:12 PM EST

CLEVELAND (AP) — Cleveland-Cliffs will buy AK Steel in a stock deal valued at about $1.1 billion. The companies say the tie-up will create a vertically integrated company that pairs Cleveland-Cliff’s iron ore pellet production with AK Steel’s rolled and stainless steel operations....

Brazil's President Jair Bolsonaro flashes a thumbs up as he greets supporters after attending a Changing of the Guard at the Planalto Presidential Palace, in Brasilia, Brazil, Thursday, Nov. 28, 2019. (AP Photo/Eraldo Peres)

Brazil’s Bolsonaro under fire after Trump slaps tariffs

Dec. 2, 2019 4:27 PM EST

SAO PAULO (AP) — Brazilian President Jair Bolsonaro’s U.S.-focused foreign policy efforts suffered a severe setback on Monday when his American counterpart Donald Trump pledged to impose tariffs on steel and aluminum on the South American nation. Trump initially leveled the threat by Twitter while...

In this picture taken Friday, Aug. 17, 2012, Italy's largest steel plant is seen in Taranto, Italy. Italian Premier Giuseppe Conte says steelmaker ArcelorMittal has agreed to try for a negotiated solution over the fate of a southern Italian steel plant. Conte and his economy and economic development ministers held four-hour talks ending Friday before midnight with ArcelorMittal’s top executives. Union leaders on Saturday insisted that any deal must exclude layoffs. (AP Photo/Paola Barisani)

Italian premier: ArcelorMittal will negotiate on steel mill

Nov. 23, 2019 9:44 AM EST

ROME (AP) — Italy’s leader said that steelmaker ArcelorMittal has agreed to try for a negotiated solution over the fate of a southern plant that is one of Europe’s largest steel producers, while union leaders on Saturday clamored for authorities to protect the thousands of jobs at stake....