Yonhap Infomax NewsDec 4
South Korea’s mid-tier steelmakers are slashing SG&A costs to offset persistently high cost ratios, as cheap Chinese imports and a strong dollar squeeze margins; the new K-Steel Act is expected to offer some relief.
#YonhapInfomax #Steelmakers #CostRatio #SeAHSteelHoldings #KSteelAct #SGAExpenses #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket
https://en.infomaxai.com/news/articleView.html?idxno=93876
Mid-Tier Steelmakers Still Struggle With High Cost Ratios—Tightening SG&A Expenses

South Korea’s mid-tier steelmakers are slashing SG&A costs to offset persistently high cost ratios, as cheap Chinese imports and a strong dollar squeeze margins; the new K-Steel Act is expected to offer some relief.

Yonhap Infomax
The Japan TimesJun 14, 2025
Nippon Steel on Saturday touted a "historic partnership" with U.S. Steel after President Donald Trump approved a multibillion-dollar merger — but the Japanese giant faces numerous headwinds going forward. https://www.japantimes.co.jp/business/2025/06/14/companies/nippon-steel-merger-challenges/?utm_medium=Social&utm_source=mastodon #business #companies #ussteel #steelmakers #nipponsteel #usjapanrelations #donaldtrump #mergers #acquisitions
Debt to decarbonization: challenges for Nippon Steel

The Japanese giant faces numerous headwinds going forward, including onerous U.S. trade tariffs and lackluster global demand.

The Japan Times
Luca da FirenzeJan 26, 2025

#Trump Tariffs Got #Canadian and #Mexican #Steelmakers to > Halt New Orders from US

Great wise move
they await the #Trump 'Tariffs' introduction
so Americans will have to pay 25/30 % more for the steel their industries need.

Cost of many goods will skyrockets in America.

Trump is a "genious' 🤣

EURACTIV EconomyNov 25, 2024
Loss-making Thyssenkupp Steel plans to reduce workforce by around 40% https://www.euractiv.com/section/economy-jobs/news/update-1-loss-making-thyssenkupp-steel-plans-to-reduce-workforce-by-around-40/?utm_source=dlvr.it&utm_medium=mastodon #steelindustry #steelmakers