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Joe Biden blocked a $14.9bn bid by Japan’s Nippon Steel for US Steel on Friday, citing concerns the deal could hurt national security and following through on a pledge to keep the steelmaker domestically owned as he prepares to depart the White House. “US Steel will remain a proud American company – one that’s American-owned, American-operated,…
The UK and Ireland subsidiary of German metal sawing machine, storage system and materials handling equipment manufacturer KASTO Maschinenbau has relocated its headquarters from Milton Keynes to be even closer to its main customer base in the Midlands. KASTO Ltd’s new address is Unit B4, Beauchamp Business Park, Wistow Road, Kibworth Harcourt, Leicester, LE8 0YE.…
Steel News | Nov. 25, 2024 Thyssenkrupp Steel says it will cut around 5,000 jobs in production and administration by 2030. A further tranche of 6,000 jobs is to be transferred to external service providers or shed through the sale of business activities. The steelmaker will lower annual production to 8.7-9 million tonnes, from 11.5mt…
