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Japan’s Nippon Steel Set to Acquire U.S. Steel for USD 14.9 Billion in Cash

wirecableDecember 19, 2023December 19, 2023

December 19, 2023December 19, 2023

U.S. Steel has been sold to Japan’s Nippon Steel for USD 14.9 billion in cash outbidding Cleveland-Cliffs, ArcelorMittal, and Nucor. Nippon’s acquisition marks its move toward 100 million metric tons of global crude steel capacity, while significantly expanding its production in the United States. Dec 19, 2023 Japan’s Nippon Steel......

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China Steel Corp. Increases Product Prices in Line With Global Markets

wirecableOctober 11, 2017August 29, 2020

October 11, 2017August 29, 2020

According to China Steel, it has raised domestic wholesale prices by NT$ 1,144 (US$37.76) or 5.6 percent per metric ton on average for the October-December period. August 26, 2017 China Steel Corp., the largest steel maker in Taiwan, has decided to raise domestic wholesale product prices for the fourth quarter......

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ArcelorMittal provides new continuous casting line format

wirecableSeptember 22, 2014July 13, 2021

September 22, 2014July 13, 2021

August 25, 2014 ArcelorMittal continues its programme of investment in Duisburg. The group has invested around €200 million since 2010, including €135 million on the new wire rod mill alone. With this plant – the latest plant of its type in the world – the plant also has enough reserve......