Nippon Steel's Potential Exit from Alabama Plant Hangs in the Balance Amid U.S. Steel Acquisition Bid

In a significant development within the steel manufacturing sector, Nippon Steel Corporation has announced its intention to exit its operations at a plant in Alabama should U.S. Steel's pending acquisition bid go through. The announcement underscores the competitive landscape of the steel industry, particularly in the wake of consolidation efforts among major players.

Continue reading

US Manufacturing Activity Contracts for a Sixth Straight Month

US manufacturing has continued to struggle, as recent data from the Institute for Supply Management showed that the contraction in manufacturing activity continued for the sixth month in a row. This trend of declining output underlines the ongoing difficulties faced by the sector, which has struggled with an array of supply chain issues, labor shortages, and geopolitical tensions.

Continue reading