Canadian steelmaker Algoma Steel Group will let go of 1,000 employees and close its blast furnace in northern Ontario within months as it seeks to stem losses resulting from US tariffs https://t.co/c0DLzAQ5VK ...

Cleveland-Cliffs said it’s exploring its sites for rare earth materials as the US steelmaker looks to expand its presence in metal production https://t.co/V89cy7LV13 ...

Brazilian steelmaker Gerdau has put 2.1 billion reais ($400 million) of planned investments in Brazil on hold, citing weak market prospects and the surge of cheap Chinese steel. https://t.co/fS8XPiobWh ...

United States Steel approved a $300 million investment to upgrade some of its facilities, advancing part of an $11 billion commitment by Nippon Steel after its takeover of the storied American steelmaker earlier this year https://t.co/HoeQ3iMmsq ...

Brazilian steelmaker Gerdau isn’t ruling out resuming plans to build a $600 million special steel project in Mexico depending on how US trade talks evolve https://t.co/CDMeoRrZiW ...

Industry Trend - The steel industry is preparing for inflationary effects due to President Donald Trump's import tariffs [1] - American carmakers are anticipating long-term impacts from the tariffs [1] Company Strategy - Cleveland-Cliffs has secured multiyear deals with several American carmakers [1] - The duration of the deals is unusual, suggesting a proactive approach to managing future costs [1]

Industry Trend - European defense spending surge benefits a German steelmaker [1] - A German steelmaker's product gets the go-ahead for military purposes [1]

Nucor shares are rising Wednesday after the steelmaker outlined better second-quarter profit projections than analysts had forecast. https://t.co/VW74p1hBal ...