steel

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'Extinction' Looms for America's Biggest Nail Manufacturer

Mid-Continent Nail says it was forced to raise prices due to the 25% tariff on steel

(Newser) - Mid-Continent Nail laid off 60 of its 500 workers on June 15, and says it could have to entirely halt production by Labor Day, reports CNN . Located in Poplar Bluff, Mo., the nation’s largest manufacturer of nails says that it was forced to raise prices due to the new... More »

Turkey Strikes Back Against US Tariffs

Move hits $1.8B in American goods

(Newser) - Turkey is imposing tariffs on nearly two dozen US products, ranging from cars to sunscreen, to strike back at Washington's sanctions on imported steel and aluminum, the AP reports. According to documents filed with the World Trade Organization, Turkey will slap $267 million in tariffs on $1.8 billion... More »

EU's 'First Phase of Retaliation' Against US Launches Friday

The tariffs it threatened in March are on their way

(Newser) - The tariff tit for tat continues, with the EU set to put a wave of new tariffs against US exports into place on Friday. It's a response to the steel and aluminum tariffs that were imposed on the bloc three weeks ago , and the BBC characterizes the to-be-targeted exports... More »

New Tariffs on US Allies Called 'Dangerous'

The EU, Canada, and Mexico get hit

(Newser) - The delay is over . The Trump administration is announcing tariffs on steel and aluminum imports from the European Union, Canada, and Mexico, in a move sure to raise worries of a trade war. Commerce Secretary Wilbur Ross says there will be a 25% tariff on imported steel and a 10%... More »

Trump Delays Tariffs on EU, Canada, Mexico

Decision on steel imports will be postponed 30 days

(Newser) - The White House said Monday it would postpone a decision on imposing tariffs on US imports of steel and aluminum from the European Union, Canada, and Mexico for 30 days, avoiding the potential for a trade battle with Europe as the US prepares for tense trade talks in China this... More »

China Files WTO Complaint Over Trump's Tariff Hike

Says Trump's decision on aluminum, steel violates international trade rules

(Newser) - China has filed a World Trade Organization complaint challenging President Trump's tariff hike on imported steel and aluminum, the trade body said Tuesday. The tariff spat is one element of a wide-ranging trade dispute between Trump and Chinese President Xi Jinping's government. Trump also has threatened to increase... More »

Trump Signs Off on Steel, Aluminum Tariffs

They take effect in 15 days

(Newser) - As expected, President Trump signed off on steel and aluminum tariffs Thursday at the White House, CNBC reports. Trump says a 25% tax will apply to steel imports, and 10% will be added to aluminum brought into the US, the AP reports. Trump says the excess of imported steel and... More »

Trump's Tariff Surprise Now Has NAFTA Link

He says Mexico, Canada can avoid new taxes by renegotiating trade pact

(Newser) - President Trump suggested Monday that his plan to impose hefty tariffs on steel and aluminum might have some wiggle room, at least for Mexico and Canada. In morning tweets, Trump said the two nations could avoid the tariffs by giving ground in ongoing NAFTA negotiations, reports the Wall Street Journal ... More »

Bannon 'Comeback' Involves Steel, Canada, Dairy 'Disgrace'

Nationalist views on trade win out over globalist ones—or so it seems for now

(Newser) - President Trump has been pushing hard to bring his "Buy American, Hire American" mantra to fruition, including with an executive order meant to prevent "foreign cheaters" from taking US jobs and infringing on our steel production, a senior administration official said Monday, per Politico . The New York Times ... More »

White House: Keystone XL Doesn't Have to Use American Steel

'The steel is already literally sitting there'

(Newser) - President Trump's "Buy American" order calling for American steel to be used in American pipeline projects doesn't cover the Canadian, Italian, and Indian steel being used in the Keystone XL Pipeline project. White House spokeswoman Sarah Sanders said Friday that Trump's order applies to "new,... More »

Scientists Create New 'Super Steel'

Titanium-strength metal is lighter, stronger, cheaper—and less likely to break

(Newser) - A group of South Korean scientists says it's finally come up with the perfect metallurgical cocktail to create a new form of steel that's flexible, lightweight, relatively inexpensive—and as strong as titanium, Popular Mechanics reports. The South Korean study published in Nature , which is being heralded by... More »

Battered Ohio Town Finds Hope in Fracking

Rust Belt steelmaking rebounds thanks to controversial gas extraction technique

(Newser) - The Rust Belt has suffered through decades of decline and job losses, but now a $650 million steel plant, bringing 350 new jobs, is going up in Youngstown, Ohio—and you can thank fracking for the revival, reports the Wall Street Journal . The rise of hydraulic fracturing—the process of... More »

SF Bay Bridge Reopens

Test of repairs to repair clears way for commuters

(Newser) - The San Francisco-Oakland Bay Bridge reopened to commuter traffic this morning after a successful test of repairs was conducted overnight. The bridge has been out of commission since Tuesday, when the original repair failed and crushed three cars. Workers took a while to “get the geometry” of the new... More »

Navy Ship Built With World Trade Center Steel Sets Sail

USS New York heads from Louisiana to namesake city for official commissioning

(Newser) - A US Navy ship built using materials from the World Trade Center has left the Louisiana yard where it was built and headed north for its official christening. The USS New York, an amphibious transport ship, features at its bow some 7½ tons of steel deemed still usable after the... More »

G-20 Summit Puts Spotlight on Reborn Pittsburgh

City managed to reverse decline after collapse of Big Steel destroyed its economy

(Newser) - The choice of Pittsburgh for this week's G20 summit highlight a Rust Belt success story, Kris Mamula writes in Portfolio. The smokestacks and steel mills Mamula remembers from his Pittsburgh childhood are long gone, victims of the collapse of Big Steel that left the city in a state similar to... More »

Chavez Takes Control of Iron, Steel Firms

Metal companies nationalized 'to build platform for socialism'

(Newser) - Hugo Chavez has ordered the nationalization of several large iron and steel companies in Venezuela, AFP reports. The president said the takeovers marked the start of a "process of nationalization to create an industrial complex." The move, which follows the nationalization of 39 oil service providers, would help... More »

US Benefits From China Stimulus

Construction in China boosts US business, from steel to fried chicken

(Newser) - While Americans await the fruits of their $787 billion bailout, China is moving ahead with public-works projects at a staggering pace, pumping up its own economy as well as America’s, the Wall Street Journal reports. US industrial-equipment makers, struggling with effectively zero domestic growth, are back near record levels... More »

Scientists Build a Better Web—by Adding Metal

(Newser) - Scientists have combined spider silk with metal atoms to boost web strands' already-phenomenal strength, reports Ars Technica. The breakthrough experiment advances the science of creating ever-stronger materials, as well discovering a successful method to bond metal to biological material. Experiments are already under way to make chicken eggs stronger. More »

Senate Dilutes 'Buy American' Plan

Amendment calls for stimulus plan to honor existing trade agreements

(Newser) - The Senate has voted to water down the "Buy American" clause in the economic stimulus package amid fears it could trigger a trade war, Reuters reports. The requirement that stimulus-funded projects use American-made iron, steel and manufactured goods now includes the proviso that it only be applied in a... More »

Big Biz Slams 'Buy American' Stimulus Clause

Exporters warn of foreign backlash if package erects free-trade barriers

(Newser) - American exporters are fighting to ditch "Buy American" provisions from the economic stimulus package, the Washington Post reports. The House version bars most foreign iron and steel from stimulus projects, while a Senate version calls for only American-made equipment and goods to be used in nearly all projects to... More »

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