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Nucor Corporation has announced a price increase for its hot-rolled coil (HRC) consumer spot price (CSP), marking a shift in the steel industry as new tariff policies begin to reshape market dynamics. Effective June 9th, 2025, Nucor has raised its CSP HRC base price to $890 per ton for all producing mills, with California Steel Industries (CSI) pricing set at $950 per ton. This represents a $20 per ton increase for all mills and a $40/ton increase for CSI from the previous week’s pricing of $870 per ton for standard mills and $910 per ton for CSI, signaling a potential...

Official White House photos by Emily HigginsWEST MIFFLIN, Pennsylvania -- Flanked by a sea of steelworkers dressed in their orange safety jackets and hard hats, President Donald Trump was given a hero's welcome at the Mon Valley Irvin Works to mark the signing of the U.S. Steel-Nippon Steel deal, the largest investment in state history. "With the help from patriots like you, we are going to produce our own metal, make our own energy, secure our own future, build our country, control our own destiny, and we are once again going to put Pennsylvania steel into the backbone of America,"...

President Donald J. Trump heads to Pennsylvania today, where he’ll champion the partnership he brokered between U.S. Steel and Nippon Steel — a $14 billion investment that will create at least 70,000 jobs and ensure steel is made in America for decades to come.AMERICAN JOBS, AMERICAN STEEL.The landmark agreement comes alongside a host of companies from across industries that are onshoring their production and investing in American manufacturing as President Trump relentlessly pursues his America First trade policies.Look no further than the automotive industry:Stellantis announced a $5 billion investment in its U.S. manufacturing network, including re-opening its Belvidere, Illinois, plant...

"I can take a breath today." "It's like early Christmas around here." "I was crying. I'm not ashamed to admit it."

President Donald Trump said Friday that U.S. Steel and Nippon Steel will form a “partnership,” after the Japanese steelmaker’s bid to acquire its U.S. rival had been blocked on national security grounds. U.S. Steel shares jumped more than 24%.

Enhanced 3D printing techniques now allow for the production of 17-4 PH stainless steel, optimizing its strength and corrosion resistance. This achievement marks a significant step forward in the additive manufacturing of complex alloys. Credit: SciTechDaily.com =============================================================================== Using advanced X-ray techniques, scientists have achieved a significant milestone in 3D printing by producing 17-4 PH stainless steel with superior strength and durability. This development promises to lower costs and increase production flexibility, offering profound implications for manufacturing complex materials. Breakthrough in 3D Printing of Stainless Steel Researchers have developed a reliable method to produce a specific type of stainless steel, 17-4...

A low-temperature electrochemical method for producing iron could reshape the steel industry. A blazing snapshot of traditional ironmaking, one of the world’s most polluting industries. sdlgzps/iStock ************************************************************************* Steel is the backbone of modern civilization—used in everything from buildings and bridges to cars and appliances. On the other hand, steelmaking is one of the world’s largest sources of carbon emissions, primarily due to the traditional process of extracting iron from ore using coal-fired blast furnaces. As the global demand for steel continues to grow, finding cleaner, more sustainable methods of production is critical—not just for climate goals, but for the future...

Scientists at the University of Oregon are working on a greener way to make iron metal—a big step toward cleaning up the steel industry, which is one of the largest sources of carbon pollution worldwide. Their latest research, published in ACS Energy Letters, shows how this new method could be more efficient and environmentally friendly than the traditional way of making steel. Right now, making iron from iron ore usually happens in blast furnaces that burn fossil fuels and release a lot of carbon dioxide into the air. But chemist Paul Kempler and his team have developed a new method...

China is no longer welcome in Britain's steel sector after the government had to pass emergency legislation on Saturday to ensure control of Chinese-owned British Steel, business minister Jonathan Reynolds said on Sunday.Reynolds said the refusal of China's Jingye Group to accept a roughly 500 million pound ($654 million) government aid package last week to stop irrevocable damage to blast furnaces left the government with no alternative to intervening directly.British Steel was not immediately available for comment outside office hours.Against a backdrop of global overcapacity in much of the steel industry and challenges from U.S. tariffs, Jingye wanted to import...

London says it acted to prevent the plant’s Chinese owners from closing the plant, threatening jobs and national security.The British government moved swiftly on Saturday to take control of operations at the country’s last large crude steel producing facility, in what appeared to be a major step toward nationalizing the plant. In an unusual and dramatic move, the government had summoned lawmakers back from vacation on Saturday to approve the government’s emergency legislation. The government said it was acting to prevent the owners of the British Steel complex in Scunthorpe, a Chinese company called Jingye, from taking steps unilaterally to...

Parliament has been recalled for a rare Saturday sitting to pass an emergency law aimed at saving British Steel's Scunthorpe plant from imminent closure. Sir Keir Starmer said the legislation would allow ministers to "take control" of the Lincolnshire site and stop its Chinese owner from closing its blast furnaces. The move opens the door to a full nationalisation of the company at a later stage, with the prime minister saying "all options" remained on the table. Talks have been taking place this week to keep production going at the firm, after owners Jingye said its blast furnaces were "no...

Keir Starmer and Rachel Reeves are actively considering nationalising British Steel in an escalation of plans first revealed in the Guardian last year. The prime minister said all options were on the table to secure the future of the Scunthorpe plant, which is owned by the Chinese firm Jingye and employs about 3,500 people. The possibility of nationalisation was first revealed in December but discussions have taken on fresh urgency with US tariffs and talks about a financial support package to move to less polluting technology having faltered. The government has now been forced to consider more drastic options, ranging...

President Donald Trump on Monday ordered the proposed acquisition of U.S. Steel by Japan's Nippon Steel to undergo a new review after the deal was blocked by President Joe Biden. Trump directed the Committee on Foreign Investment in the United States to review the acquisition again to assist "in determining whether further action in this matter may be appropriate," according to a presidential action issued by the White House on Monday. U.S. Steel shares spiked 11% in reaction to the decision. Trump gave the committee 45 days to submit a recommendation on whether measures suggested by U.S. Steel and Nippon...

China-owned British Steel said it could close its two blast furnaces as soon as June with the potential loss of up to 2,700 jobs, as U.S. tariffs and environmental costs threaten to damage its already struggling operations. British Steel, owned by China's Jingye Group, has warned for years that steelmaking in Scunthorpe, north east England, is loss-making, and has been in talks with the government for months about securing funding to switch to a greener type of steel production. But the two sides have failed to reach a deal, and British Steel said on Thursday it was making the "difficult...

The European Union has reacted swiftly to U.S. President Donald Trump’s 25% tariffs on steel and aluminum imports that came into effect Wednesday, retaliating with its own punitive countermeasures that it said were needed to protect consumers and businesses. The White House confirmed the duties — which will affect Canada, Australia, the EU and others — late Tuesday, but said that Trump no longer planned to raise tariffs on metals from Canada to 50%. The EU responded swiftly, saying it would impose counter-tariffs on 26 billion euros ($28.33 billion) worth of U.S. goods starting in April. European Commission President Ursula...

President Donald Trump openly challenged U.S. allies Wednesday by increasing tariffs on all steel and aluminum imports to 25% as he vowed to take back wealth “stolen” by other countries, drawing quick retaliation from Europe and Canada. “The United States of America is going to take back a lot of what was stolen from it by other countries and, frankly, by incompetent U.S. leadership,” Trump told reporters on Wednesday. “We’re going to take back our wealth, and we’re going to take back a lot of the companies that left.” Trump removed all exemptions from his 2018 tariffs on the metals,...

Australia will not be granted an exemption from US tariffs on aluminium and steel imports, the White House says. US President Donald Trump had previously said he would consider excluding Australia from the 25 per cent tariffs, which take effect on Wednesday. But White House spokeswoman Karoline Leavitt has now told the ABC: "He considered it, and considered against it. There will be no exemptions." Asked why, Ms Leavitt said: "America First steel." "If they want to be exempted, they should consider moving steel manufacturing here," she said. Prime Minister Anthony Albanese described the decision as "entirely unjustified"....

President Donald Trump is ratcheting up pressure on Canada, announcing late Monday that he will double tariffs on Canadian steel and aluminum to 50 percent, citing Ontario’s move to levy a tax on U.S. electricity exports.“This will go into effect TOMORROW MORNING, March 12th,” Trump declared in a Truth Social post, emphasizing the urgency of the measure. The hike comes just hours before an already-planned 25 percent tariff was set to take effect at midnight, marking yet another sharp shift in U.S.-Canada trade relations under Trump’s second term.The president’s move underscores his determination to confront what he sees as Canada’s...

President Donald Trump said Tuesday he has ordered his administration to raise tariffs on Canadian steel and aluminum imports by an additional 25%, bringing the total duties to 50%. Trump said he was imposing the latest tariffs in response to a decision by Ontario’s government to slap a 25% tax on electricity exports to the U.S. That move by Ontario Premier Doug Ford was itself issued in retaliation to the sweeping 25% tariffs that Trump had placed on imports from Canada. This is breaking news. Please refresh for updates.

President Biden has decided to block the $14 billion takeover of U.S. Steel by Nippon Steel of Japan in an announcement expected as soon as Friday based on grounds that the sale poses a threat to national security, according to people familiar with the matter. The decision would be an extraordinary use of executive power, particularly for a president who is just weeks from leaving office. It is also a departure from America’s long-established culture of open investment, one that could have wide-ranging implications for the U.S. economy. Mr. Biden’s move to stop the transaction could cause foreign investors to...