Posted inChina, India, South Asia, United States, World

US steel owners demur on cross-border M&As

The chief executive officers of two US steel companies say they have no plans to diversify their mainly North American operations through cross-border mergers and acquisitions in light of tariffs against foreign competitors, mainly Chinese, imposed by President Donald Trump. Roger Newport, CEO of Ohio-based AK Steel, and John Ferriola, chief executive of North Carolina-based Nucor, […]