Market Segment
January 8, 2024
Written by Ethan Bernard
Nippon Steel believes it can successfully complete its planned buy of U.S. Steel, according to a report in Reuters.
“I believe we can successfully complete the planned acquisition,” Nippon Steel President Eiji Hashimoto said on the sideline of the Japan Iron and Steel Federation’s New Year’s party last Friday, according to the Reuters report.
Farming equipment manufacturer John Deere announced it will call back more than 375 employees to work across its Quad Cities factory operations.
The American Iron and Steel Institute (AISI) is pressing President Donald Trump to raise the issue of China’s steel exports and industry subsidies during his upcoming summit with Chinese President Xi Jinping.
Private equity firm SCF Partners announced it has acquired American Piping Products (APP), a pipe and tube distributor headquartered in Chesterfield, Mo.
The Greenbrier Companies received orders for 3,400 new railcars with an aggregate value of ~$600 million during its fiscal fourth quarter ended Aug. 31.
Worthington Enterprises reported higher fiscal first-quarter sales and earnings while citing rapidly growing data center demand and continued tightness in the steel market.