Steel

In an impassioned address in parliament last week, UK Business Secretary Jonathan Reynolds did not shy away from expressing his concerns regarding Chinese company Jingye's dealings. He stressed that their actions have not reflected "good faith." "Despite our substantial offer to Jingye, their demands escalated to what I can only characterize as excessive," he asserted in the House of Commons. Back in 2020, Jingye acquired British Steel out of insolvency with a promise of ushering in a "new chapter" for steel production in…

It all started rather humbly with gumball machines. Picture this: me, a college student juggling my studies and a job waiting tables, when I stumbled upon an e-book. Inspired, I took my first small step into the world of business, purchasing gumball machines at around $50 each. An innocent beginning, yet the foundational step that guided me toward a realization. During this initial phase, I encountered an individual who changed my perspective entirely. He was selling full-sized snack and soda machines. With a chuckle, he…

At the NLMK Indiana steel mill, a scene unfolds that is almost mesmerizing; a brilliant dance of light and metal as workers keep a vigilant eye on the steel, melting in an electric arc furnace at a scorching 3,000 degrees Fahrenheit (1,649°C). It's an industrial ballet, unfolding quietly but with relentless fervor. Yet, how will the international trading stage change with the US steel narrative shifting so dramatically? In his bold stride to reconfigure a purportedly inequitable global trade system, President…

In a striking development, U.S. President Donald Trump recently announced plans to impose an additional 25% tariff on all steel and aluminum imports, building upon the existing metal duties already in effect. This decision marks yet another chapter in his ongoing trade policy revisions that have some analysts scratching their heads. While en route to the NFL Super Bowl in New Orleans, Mr. Trump shared this news with reporters aboard Air Force One. He indicated that he would detail these new metals tariffs shortly, perhaps…