Category: american steel

Supreme Court Leaves Trump’s Steel Import Tariffs Intact

March 27, 2023
american steelDonald TrumpJudiciaryPolicies & Impactssteel and aluminum tariffsSupreme CourtUSUS News
0 Comment

The Supreme Court decided on March 27 not to take up an industry challenge to steel import tariffs that then-President Donald Trump launched in 2018 on U.S. national security grounds. President Joe Biden has left the tariffs, which Trump said were needed to assure robust levels of domestic steel production, largely intact. The Biden administration…

Read More

US Steel Makes Over $4 Billion From Strong Recovery in 2021

January 28, 2022
american steelBusiness & EconomyCompaniessteel plantsUnited States SteelUSUS News
0 Comment

U.S. Steel made a record $4.174 billion net earnings for 2021, or $14.88 per diluted share, and fourth quarter 2021 net earnings of $1.069 billion, or $3.75 per diluted share, owing to a robust economic recovery and high price for steel driven by strong demand. The company outperformed Wall Street expectations and has climbed over…

Read More

Government Contractors Settle After Providing China-Made Containers

January 9, 2022
american steelChinaCrime and IncidentseconomyNational SecurityPolicies & ImpactssettlementU.S. attorneyUSUS-China relations
0 Comment

Even the U.S. federal government sometimes has trouble buying American products. The Department of Defense contracted for its agencies to buy American-made materials or materials manufactured in specified allied countries, such as South Korea. But now, through a settlement, two companies will jointly pay $904,000 to the federal government to resolve allegations that they provided…

Read More

In the Face of Most Democrats’ Opposition, US Steel Cancels a Billion-Dollar Investment

May 11, 2021
american steelclimate changeDemocratsenvironmentalismOpinionU.S. manufacturingU.S. Steel CorporationViewpoints
0 Comment

Commentary BRADDOCK, Pennsylvania—Exactly two years ago, U.S. Steel Corporation announced that the company would turn its Mon Valley Works operations into a key source of lightweight steel for the automotive industry. At the time, local leaders and company officials called the investment “transformational.” It involved a whopping $1.5 billion upgrade to the three Mon Valley…

Read More