Steel Mills

Biden reiterates position on USS sale
Written by Ethan Bernard
April 10, 2024
President Biden said on Wednesday he would stand by his commitment to US workers regarding the proposed sale of U.S. Steel to Japan’s Nippon Steel.
“I stand by my commitment to American workers. I’m a man of my word and I’m going to keep it,” he said at a joint press conference in Washington with Japanese Prime Minister Fumio Kishida, as seen on Bloomberg Television.
“And with regard to that, I stand by our commitment to our alliance,” he added, referring to the broader US relationship with Japan.
Biden’s remarks come as it was earlier reported that the Nippon deal for the Pittsburgh-based steelmaker would not be on the agenda during the prime minister’s visit.
President Biden came out against the sale of U.S. Steel to Nippon Steel last month.
Kishida also spoke of the proposed deal when questioned by a reporter at the press conference.
“We understand that there are discussions underway between the parties. We hope that these discussions will unfold in directions that would be positive for both sides,” he said through an interpreter.

Ethan Bernard
Read more from Ethan BernardLatest in Steel Mills

USW seeks clarity on plans for Granite City Works
The United Steelworkers union has asked U.S. Steel to elaborate on its Granite City Works plans following reports that the steelmaker is ending processing at the facility.

Nucor maintains plate prices, opens October order book
Nucor aims to keep plate prices flat for a seventh straight month with the opening of its October order book.

ArcelorMittal Mexico to import from sister mills as it works to resume DRI production
ArcelorMittal has partially restarted operations at its direct reduction plant in Lazaro Cardenas, Michoacan. An explosion on Aug. 18 rocked the massive steelworks on Mexico’s Pacific coast, impacting production of direct-reduced iron (DRI).

Fall maintenance outages are coming in hot
Labor Day has passed, the sun is starting to set a little earlier each day, and cooler weather has begun to find its way down to many of us across North America. And you know what that means for the steel industry… Fall maintenance outages!

AISI: Domestic steel production ticks up
US raw steel production ticked up in the week ending on Sept. 6 after a decrease the week before, according to the most recent data from the American Iron and Steel Institute (AISI).