steel

Steady156 stories17 sourcesLast updated: 48m ago

Latest Stories

White House to Host UFC Event on President's 80th Birthday Amidst Weather and Legal Challenges

The White House will host UFC's "Freedom 250" event on the South Lawn for the president's 80th birthday, featuring a custom-built octagon and steel structure. Despite legal challenges and forecasts of thunderstorms, the event, championed by the president and UFC, aims to appeal to his base, with military members required to meet strict fitness standards for attendance.

Guardian Sport

German steelworkers protest for government support

Developing

Politics·9h agoAI summary

German steelworkers protest for government support

Thousands of German steelworkers protested in Berlin and Völklingen, demanding more government aid for the struggling industry. They also urged against weakening climate targets, emphasizing the need for support in transitioning to "green steel."

Tagesschau Wirtschaft

UK Government May Limit Compensation to Chinese Owner of British Steel

Developing

Politics·9h agoAI summary

UK Government May Limit Compensation to Chinese Owner of British Steel

The UK government has indicated it might restrict or deny compensation to Jingye Group, the Chinese owner of British Steel, after the company initiated proceedings under a bilateral investment treaty. The nationalization of the steelworks, which cost the government £1.3m daily, is proceeding through Parliament.

BBC Business

Mexico's World Cup Opener Against South Africa Offers Respite Amidst Protests

Sports

1d agoAI summary

Mexico's World Cup Opener Against South Africa Offers Respite Amidst Protests

Mexico defeated South Africa 2-0 in the World Cup opener at Estadio Azteca, providing a temporary reprieve from the country's social unrest, as protesters clashed with police outside while fans celebrated inside.

Guardian Sport

India navigates global trade challenges through dialogue, cooperation: Piyush Goyal

NEWS

1d agoAI summary

India navigates global trade challenges through dialogue, cooperation: Piyush Goyal

India's Commerce Minister Piyush Goyal stated that while countries globally are increasingly protecting domestic industries, India is addressing trade challenges through dialogue and partnerships. He noted the WTO's current ineffectiveness but affirmed trade operates under its framework, with India pursuing FTAs and investment.

Times of India

South Korean President Lee Jae Myung Seeks Favorable Tariff Treatment for Steelmakers from EU

World

1d agoAI summary

South Korean President Lee Jae Myung Seeks Favorable Tariff Treatment for Steelmakers from EU

President Lee Jae Myung urged the EU to favor South Korean steelmakers regarding upcoming tariff quotas during a summit with EU leaders in Brussels. The EU stated it would give the request consideration.

Yonhap News

IG Metall warns against reversing steel industry transformation

Urgent

Business·1d agoAI summary

IG Metall warns against reversing steel industry transformation

The IG Metall union warns against reversing the transformation of the struggling steel industry towards climate-neutral production. Union leader Jürgen Kerner emphasized the need for predictable policies and criticized the continued import of Russian steel, highlighting the risk to 20,000 jobs.

Handelsblatt

Chinese owner of British Steel seeks compensation from UK government

Urgent

Business·2d agoAI summary

Chinese owner of British Steel seeks compensation from UK government

Jingye Steel, the Chinese owner of British Steel, has initiated a formal process under the UK-China bilateral investment treaty to seek compensation from the UK government following the nationalisation of the Scunthorpe steelworks. The company aims to recover over £1bn, potentially impacting UK-China relations.

Guardian UK

President Lee asks EU for favorable consideration on steel tariffs, cooperation in semiconductors and defense

Developing

World·2d agoAI summary

President Lee asks EU for favorable consideration on steel tariffs, cooperation in semiconductors and defense

President Lee requested favorable consideration from the EU regarding steel tariffs and TRQ acquisition, emphasizing the impact on Korean industries. Discussions also covered semiconductor and defense cooperation, and carbon border adjustment mechanisms.

Stock Market News: Pyeongjeon Pharmaceutical, SeAH Steel, and others announce capital increases and acquisitions

Several South Korean companies, including Pyeongjeon Pharmaceutical, SeAH Steel, and others, have announced significant financial activities such as capital increases and stock acquisitions totaling billions of won. The Korea Association of Listed Companies will also hold a meeting for its members.

연

연합뉴스

Developing

Politics·2d agoAI summary

Trump's War Adds $2.3 Million Daily to ACT Budget Deficit

The conflict in the Middle East, exacerbated by US actions, is costing the Australian Capital Territory (ACT) budget an estimated $2.3 million per day. This adds to existing domestic financial pressures, with potential for much worse economic fallout if the conflict prolongs.

ABC Top Stories

Developing

Politics·2d agoAI summary

Trump's War Adds $2.3 Million Daily to ACT Budget Deficit

The ACT's budget deficit has ballooned by $240 million in 103 days, with 'the Trump effect' costing $2.3 million daily due to higher energy costs and supply chain issues stemming from the Middle East conflict.

ABC Top Stories

South Korea and Belgium agree on semiconductor cooperation; security and steel tariffs discussed at EU meeting

World

2d agoAI summary

South Korea and Belgium agree on semiconductor cooperation; security and steel tariffs discussed at EU meeting

South Korean President Lee Jae-myung and Belgian Prime Minister Alexander De Croo agreed to strengthen cooperation in semiconductors and support investment in strategic industries. Discussions with EU leaders also covered security pact negotiations and concerns over EU steel tariffs and carbon border adjustment measures.

The global steel sector faces a crisis due to China's subsidized overproduction flooding markets and the Middle East conflict impacting demand. OECD reports excess capacity and forecasts slow demand growth, while China disputes the findings.

الشرق الأوسط

Goldman Sachs raises emerging markets target, warns on steel sector

Developing

Business·6/4/2026AI summary

Goldman Sachs raises emerging markets target, warns on steel sector

Goldman Sachs has raised its 12-month target for the MSCI emerging markets index to 2,000 points, citing strong corporate earnings driven by AI. However, the global steel sector faces a crisis due to China's overproduction and Middle East conflict impacts.

الشرق الأوسط