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Fight over U.S. Steel? Put it in 'better hands'

Fight over U.S. Steel? Put it in 'better hands'
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American steel buyers hail Nippon deal that scares Washington

(Bloomberg) Steel traders, automotive customers and even United States Steel Corp. workers are hailing the iconic American company’s decision to sell to a Japanese rival. That has left the steel industry wondering why politicians in Washington are eager to cast doubt on the $14.1 billion deal.Most Read from BloombergIraq Says 16 Killed in US Strikes, Calls Security Risk GraveMeta’s $197 Billion Surge Is Biggest in Stock-Market HistoryUS Hits Iran’s Militias in Syria, Iraq, Raising Escalation ....

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Defiant metals industry sees recession odds shrinking | Crain's Cleveland Business

From Bloomberg: Florida became home to two of the largest U.S. industry conferences over a two-week period, where hundreds including the CEO of Cleveland-Cliffs converged to discuss the outlook for steel and aluminum demand. The general mood: Don't expect record growth witnessed the last couple years, but know that demand is normalizing to pre-pandemic levels. ....

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Did steel mills stop the price drop?

Steel mills announced price hikes roughly a month ago, but declining demand hasn’t done much to support that effort. ....

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War in Ukraine sends steel prices skyrocketing again

The invasion of Ukraine means steel buyers will have to wrestle with even more pricing volatility in the coming months. ....

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