With over $30 billion m-cap, JSW is now the most valuable steelmakerJSW Steel has become the world’s most valuable steelmaker, surpassing Nucor Corp, after its market capitalisation crossed $30 billion. The ...
Dow, S&P end flat, Nasdaq snaps four-week decline on tariff hopesTrump said there will be flexibility on tariffs and that his top trade chief plans to speak with his Chinese counterpart next week. The pre...
Wall Street closes higher as investors digest earnings, megacap outlookTesla kicked off the earnings cycle for technology heavyweights after markets closed on Tuesday, announcing the launch of new electric vehi...
Wall Street rallies to close higher after Fed statementInvestors had quickly raised their expectations that the central bank would hike rates by 75 basis points (bps) over the past several days ...
Wall Street slumps as weak earnings, rate hike clarity spook investorsWall Street tumbled more than 2.5% on Friday, ensuring the three main benchmarks ended in negative territory for the week, as surprise earn...
Wall Street ends higher on optimism about US debt-ceiling dealThe Dow Jones Industrial Average rose 0.3% to end at 34,416.99 points, while the S&P 500 gained 0.41% to 4,363.55.
Record prices inject life into steel industry; India set to boost capacityOther nations could fill the gap created by China’s restrictive measures. India is set to boost capacity, with top producer JSW Group sayin...
JSW Steel sues top US competitors for metal ‘conspiracy’U.S. Steel Corp., Nucor Corp. and Cleveland-Cliffs Inc. control more than 80% of domestic steelmaking capacity and conspired to cause direc...
Wall St Week Ahead: Investors eye Washington talks after big infra stock rallyExpectations of spending from Washington on bridges, roads, and tunnels bolstered so-called value stocks, especially the industrials and ma...
Tale of two acquisitions: Mittal Steel's acquisition of Arcelor and Tata Steel's acquisition of CorusIn 2006-07, two Indian steelmakers made two big-ticket acquisitions. Both the deals — by Mittal and Tata Steel — turned sour by 2014.
US starts inquiry into steel imports from India, four othersThe petitions have been filed both with the US Department of Commerce and the US International Trade Commission (USITC).
ArcelorMittal, Gerdau sell US steel mill for $770 millionIt produces a wide range of steels from low to high carbon grades with an annual capacity of around 1.8 million tonnes.
- ArcelorMittal announces sale of Skyline Steel, Astralloy to Nucor Corporation for $605 million
The transaction includes 100% of ArcelorMittal’s stake in Skyline Steel’s operations in the NAFTA countries and the Caribbean.
- 'China boosts exports by manipulating markets'
The United States has accused China of manipulating prices on the raw materials used to produce steel, chemicals, airplanes and automobiles...