The European Union and United States will develop a metals alliance to mitigate the impact of subsidised Chinese production on global markets as part of their trade deal, European Trade Commissioner Maros Sefcovic said on Monday.

The United States and the European Union announced on Sunday a broad framework for a new trade agreement aimed at defusing tensions between the two economic giants and preventing what could have become a damaging transatlantic trade war.

U.S. President Donald Trump and European Commission President Ursula von der Leyen have announced a sweeping trade deal.

It remains to be seen whether tariffs on British steel imports into America will be eliminated, remain at 25% where they currently stand, or rise.

While the $14.9 billion merger between Japan-based Nippon Steel and U.S. Steel is in the rear view mirror, a battle in the legal system is gaining traction. The fight stems from Cleveland-Cliffs’

A global plunge in prices, led by increased production from China, and U.S. tariffs threaten steel manufacturing, which has long been a symbol of national might.

A lawsuit filed by Nippon Steel Corp. and United States Steel Corp. against rival Cleveland-Cliffs Inc., Cliffs CEO Lourenco Goncalves and United Steelworkers International President David McCall is moving forward.

President Trump allowed Nippon Steel to acquire U. S. Steel but only by framing it as a “partnership,” while national security pretexts and optical magic beans burdened the deal with costly,

United States Steel Corp. Edgar Thomson Plant in Braddock, Pennsylvania, U.S., on Saturday, Sept. 12, 2020. A narrow win in Pennsylvania helped decide the presidency for Trump in 2016, ...

Steel producers like Cleveland Cliffs and Steel Dynamics both said this week that they raised prices after President Trump imposed a 50 percent tariff on imports.