Steel Takeover

Steel Takeover - International Business - Posted: 1 Week Ago

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USA Steel Industry - Tariffs on foreign steel
Post Date: 27th Oct, 2004 - 12:02am / Post ID: #

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Steel Takeover


Steel tycoon Lakshmi N. Mittal announced plans to pay $4.5 billion in cash and stock for U.S. Steelmaker International Steel Group Inc., which had been cobbled together by onetime investment banker Wilbur L. Ross Jr. From mills whose parents landed in bankruptcy court.
Ref. 00804%2C00.html

Post Date: 30th Oct, 2004 - 3:04pm / Post ID: #

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Takeover Steel

I was glad to see in the article that Mittal is not planning on cutting any jobs. This is my biggest fear when companies merge like this. Hopefully he can also stimulate some new jobs here in the US.

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Post Date: 5th Mar, 2018 - 3:23am / Post ID: #

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Steel Takeover Business International

US will impose steel and aluminum tariffs. President Donald Trump said Thursday his administration will impose tariffs on steel and aluminum imports next week, a highly controversial move that Trump framed along national security lines.

Trump said the US will impose a 25% tariff on steel imports and 10% tariff on aluminum, capping a fierce, months-long internal debate that divided some of the President's top advisers.

Anticipating the move, experts have said it is likely to invite retaliatory measures from foreign countries. Ref. CNN.

Post Date: 1 Week Ago / Post ID: #

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Takeover Steel

Trump announces ‘flexible’ exceptions that spare Canada and Mexico his 25% steel and 10% aluminum tariffs. Despite warnings by allies that a trade war will increase prices for consumers worldwide, President Trump signed proclamations Thursday imposing tariffs of 25% on imported steel and 10% on aluminum and said they are designed to protect American industries. In statements from the White House, Trump said his plan does exempt Canada and Mexico, pending the outcome of ongoing trade negotiations, and allows other countries to apply for relief from the new duties. Ref. USAToday.

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