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Bloomberg: Balance of Power focuses on the politics and policies being shaped by the agenda of President Biden's administration.
When the world was confronted with the pandemic in 2020, Australia responded hard and fast in what would be, at first, one of the most successful efforts to combat the virus.
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U.S. Steel Corp. Granite City Works steel mill in Granite City, Illinois.
U.S. Steel Corp., the nation’s third-largest steelmaker, announced it’s in talks to end production at its century-old furnaces in Illinois. Shares fell to their lowest since January.
The more than 120-year-old Pittsburgh-based company plans to sell the two blast furnaces at its Granite City Works facility to SunCoke Energy for an undisclosed amount to propel the use of so-called pig iron, a raw material needed to make steel in its mini-mills. Transitioning the facility to produce the raw material from steelmaking will take until 2024 and would result in the loss of as many as 1,000 jobs, according to the company.