Analysis
July 30, 2024
Written by Ethan Bernard
Pennsylvania Governor Josh Shapiro has come out against Nippon Steel’s proposed buy of U.S. Steel because it doesn’t have union support, according to media reports.
“Speaking from a state perspective as governor, if the US steelworkers (USW) aren’t happy with this deal, which they are not, I’m not happy with this deal,” Shapiro said Tuesday, according to an article in Reuters.
Members of the Global Forum on Steel Excess Capacity (GFSEC) met in Wisconsin this week and unveiled an updated plan to combat market-distorting excess capacity. The Milwaukee Framework adds color to the 2017 “Berlin principles” and is a positive step in the ongoing battle against global steel market distortions. However,
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.
SMU’s Current Steel Buyers’ Sentiment Index fell this week, while Future Sentiment remained flat, according to our latest market survey.
The results of the latest Steel Market Update (SMU) flat-rolled market survey are now available on our website to all premium members.
This October, SMU is introducing a new way to keep you informed on the latest steel market news and insights: the Daily Digest. Beginning in mid-October, our new Daily Digest will replace the three newsletters currently delivered each week.