US Steel sues Biden over blocked merger with Nippon

Nippon Steel and U.S. Steel filed a lawsuit Monday alleging President Joe Biden unlawfully blocked Nippon’s $14.9 billion purchase of the American steel maker.

Biden on Friday rejected Japan-based Nippon Steel’s takeover bid of the Pittsburgh-based steel manufacturer, citing national security concerns.

“As I have said many times, steel production — and the steel workers who produce it — are the backbone of our nation,” Biden said in a news release. “A strong domestically owned and operated steel...

https://www.freightwaves.com/news/us-steel-sues-biden-over-blocked-merger-with-nippon

Ins and outs of creating online sales network for steel

This fireside chat recap is from FreightWaves’ Supply Chain Meets FinTech event on Wednesday.

FIRESIDE CHAT TOPIC: Steely determination: Lessons learned in moving the sale of 1.68 billion metric tons of steel online.

DETAILS: Bryzos founder and CEO Shep Hickey chats with Pymnts CEO Karen Webster about what it’s like to develop an online platform to facilitate the buying and selling of steel between would-be buyers and suppliers. 

SPEAKER: Shep Hickey, Bryzos founder and CEO.

BIO: Hickey founded...

https://www.freightwaves.com/news/ins-and-outs-of-creating-online-sales-network-for-steel

Breakthroughs could slash emissions from aluminum and steel production

En+ Group produces low-carbon aluminum. Volvo and SSAB collaborate for fossil fuel-free steel.

While transportation accounts for about one-quarter of global carbon dioxide emissions, nearly 8% of global greenhouse gas (GHG) emissions comes from manufacturing metals such as aluminum, steel and iron, according to Our World in Data.

Manufacturing 5.9% of the world’s aluminum, En+ Group is producing aluminum with a purity higher than 99% and with the “lowest carbon footprint” in the industry at its plant in Krasnoyarsk, Russia.

The metals segment of En+ Group, Rusal, created a low-carbon...

https://s29755.pcdn.co/news/breakthroughs-could-slash-emissions-from-aluminum-and-steel-production

Nucor deploys PowerFleet telematics for safer steel-manufacturing warehouses

Fork truck operator inside warehouse

Nucor Tubular Products and PowerFleet on Tuesday announced a partnership ⁠— one that will help Nucor achieve its goal of becoming the world’s safest steel company. 

A rigorous pilot program gave Nucor the confidence to fully deploy PowerFleet’s Enterprise telematics solutions in all its lift-trucks and instrument cranes during the first half of 2021. To improve visibility, safety and accuracy of records, Nucor Tubular Products will also deploy PowerFleet Forewarner MAXI Crane Safety lights and...

https://s29755.pcdn.co/news/nucor-deploys-powerfleet-telematics-for-safer-steel-manufacturing-warehouses