Friday, April 28, 2017

Tag: ArcelorMittal

Can Corporate Raider Wilbur Ross Deliver on Trump’s Blue-Collar Promises?

Trump's pick for commerce secretary has a track record of saving American jobs. Whether he can bring many back to the Rust Belt remains to be seen. A decade ago, cheap Chinese cloth was hammering American textile makers. Companies like Burlington Industries and Cone Mills, two big U.S. makers of...

Britain finds a buyer for one Tata steel plant, saving a third of jobs...

Tata Steel agreed to sell one of its main British steelworks to investment firm Greybull Capital for 1 pound on Monday, saving a third of the 15,000 jobs placed in jeopardy by the Indian conglomerate's decision to sell up in Britain. Prime Minister David Cameron has been under pressure to...

EU hits China with new steel anti-dumping probes

The EU launched new probes today (12 February) into imports of Chinese steel, warning it would not allow “unfair competition” to threaten Europe’s industry already crumbling under a flood of cheap imports. European steelmakers are reeling from a global glut and last week Luxembourg-based world leader ArcelorMittal blamed China for a colossal...

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