steel industry

5+ articles

Nippon Steel US Steel acquisitions automotive industry business deals

Algoma Steel's Controversial Layoffs: A Blow to Sault Ste. Marie Amid Trade Turbulence

Algoma Steel has announced the layoff of over 1,000 workers in December 2025, a decision fueled by the transition to electric arc furnace technology and crippling U.S. tariffs. Despite receiving substantial government support to modernize operations, the timing and impact of these layoffs have sparked backlash from unions and the Sault Ste. Marie community, raising questions about corporate and governmental transparency.

Dec 4

Algoma Steel's Controversial Layoffs: A Blow to Sault Ste. Marie Amid Trade Turbulence

Thyssenkrupp and Union Forge Historic No-Layoff Pact in Bold Steel Restructuring Move

Thyssenkrupp and its workers' union have reached a landmark agreement ensuring no layoffs amidst the company's ambitious steel restructuring plans. This innovative pact not only secures jobs but also paves the way for strategic transformations in how the steel giant operates.

May 8

Thyssenkrupp and Union Forge Historic No-Layoff Pact in Bold Steel Restructuring Move

Tariff Troubles: Over 1,400 Steel and Mine Workers Face Layoffs in US and Canada

In a significant blow to the steel industry, more than 1,400 workers across the US and Canada have been laid off due to volatile market conditions and uncertainty surrounding steel and aluminum tariffs. Companies including Cleveland-Cliffs Inc. and Canada Metal Processing Group are among the hardest hit, with the automotive sector's weakness further exacerbating the crisis.

Mar 27

Tariff Troubles: Over 1,400 Steel and Mine Workers Face Layoffs in US and Canada

Cleveland-Cliffs to Temporarily Lay Off 600 Workers Amid Sluggish Auto Production

Cleveland-Cliffs, a leading steel producer, plans to temporarily lay off 600 workers in Detroit due to weak auto production. This decision highlights ongoing challenges in the steel and automotive sectors, with potential repercussions for the local economy.

Mar 26

Cleveland-Cliffs to Temporarily Lay Off 600 Workers Amid Sluggish Auto Production

Nippon Steel's $14 Billion Gambit: The US Steel Buying Spree Hits a Speed Bump

In a gripping twist of corporate drama, Nippon Steel's colossal $14 billion acquisition of US Steel has hit a snag with the deadline, now extended to Q1 2025. This mega-deal, poised to reshape the global steel landscape, has everyone buzzing, from labor unions fiercely opposing foreign ownership, to experts lauding potential economic gains. Discover the unfolding story and its potential impact on the steel industry and beyond.

Dec 31

Nippon Steel's $14 Billion Gambit: The US Steel Buying Spree Hits a Speed Bump