steel industry

In the World 29th May 2025

Nippon Steel-US Steel agreement to allow ArcelorMittal to buy 50% of Nippon Steel-owned Calvert for $1.00

Renta 4 | The US government is expected to give the green light to Nippon Steel’s “buyout” of US Steel. The deal could be announced tomorrow, Friday, during a visit by Trump to Pittsburgh. Many details of the deal are still unknown, although it is clear that the government will impose severe restrictions on Nippon. Among them, the government would maintain a “golden share”, a remedy sometimes used by European…

In Spain 14th February 2025

Basque steel, first victim in Europe of Trump tariffs

The President of the United States, Donald Trump, has extended his threat of tariffs to Basque steel as part of his electoral promises, announcing an imposition of up to 25% surcharge on all steel, iron, or aluminum entering the United States. This measure directly affects the company located in the Basque Country, Tubos Reunidos, which is already analyzing how to overcome the impact. If implemented (according to the new president…

In Spain 10th February 2025

€400 million in Spanish exports at risk due to Trump’s announced tariffs on all US steel and aluminum imports

Pablo Pardo (El Mundo) | On Mondays, tariffs. That seems to be the strategy in trade policy of the President of the United States, Donald Trump. This time, a 25% tariff on all imports of steel and aluminum from that country. Spain is the tenth largest exporter of steel to the US, with sales to that country amounting to 290,000 tons in the last 11 months and one week, according…

World economy 19th December 2023

Nippon Steel set to become world’s second-largest producer after acquisition of US Steel for $14.1bn

Bankinter | Nippon Steel agrees to buy US Steel for $14.1bn ($55/share). The deal contemplates a cash payment of $14.1bn ($55/share), a 40% premium to US Steel’s closing price last Friday and 142% over August this year, when Cleveland Cliff announced a first offer (at $35/share). The valuation including debt amounts to $14.9 billion. The combined company will be the world’s second largest producer with 88M tn (66MTn NSC and…

World economy 15th September 2022

China: Overcapacity Remains A Problem In The Steel Sector

Crédito y Caución (Atradius) | About 700 small steel mills, with 140 million tons of steel capacity deemed sub-standard, have shut down since 2016. Another 150 million tons of inefficient capacity at larger firms has also gone. However, steel production continues to climb, outpacing demand

Ibex 30th September 2019

Demand for steel is not recovering, but ArcelorMittal is doing its homework

Banc Sabadell | The demand for steel in Europe (40% EBITDA) is somewhat weaker than expected (the expected recovery in car making has not happened), which means price rises are not expected. However, ArcelorMittal has showed that it is doing its homework in reducing cash outflows, given a tight financial situation, which could lead to announcements of improved shareholder remuneration in 2020.

Ibex 2nd January 2019

Acerinox: After A Strong Correction, Offers A 5% Dividend Yield

José Benito de Vega | Acerinox enjoyed a very positive stock market evolution up to 1 October compared to the Ibex 35 (+8.8% compared to -6.3% for the index ). Since then its shares have corrected strongly, losing 32%, leaving its relative performance for the year in negative (-28% compared to -12% for the Ibex). This sharp correction has been driven by doubts about the situation of the sector in Europe.