U.S. Steel

United States Steel Corp. has said that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing "strategic alternatives" after receiving several unsolicited offers.

Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it to accept the terms without being allowed to conduct proper due diligence.

The World Trade Organization agreed on Nov. 21 to hear complaints from a range of countries over new U.S. steel and aluminium tariffs, as well as complaints from Washington over retaliatory duties.

American steel industry executives have appealed directly to President Donald Trump for immediate import restrictions in a letter seen by Reuters, as a U.S. Commerce Department national security probe languishes and steel imports surge back to 2015 levels. 

World leaders reached a compromise on trade at the Group of 20 summit as officials agreed to fight protectionism while tacitly recognizing U.S. President Donald Trump’s concerns about excess steel capacity and what he says are unfair trade practices.

European and U.S. steel producers are only slowly emerging from a 2008 sector meltdown, but already they are faced with a new challenge, the Chinese dumping.

Chinese steel is overabundant since a sharp slowdown in the Asian giant's economy has sapped domestic demand, and is shipping to world markets at cut-down prices.

Turkey is considering lodging an appeal with the World Trade Organization (WTO) against a U.S. move to slap anti-dumping duties on imports of Turkish steel pipes, an industry group told Reuters.

?We firmly believe that the Turkish Ministry of Economy will take the ... case to the WTO,? Nam?k Ekinci, the president of the Turkish Steel Exporters? Association (CIB), told Reuters.

SMEDEREVO - The contract with HPK Engineering BV as the new management of Zelezara Smederevo was signed in Smederevo on Saturday.

BELGRADE - The Serbian government decided not to sign a contract with the US steel producer and distributor Esmark, after being advised to do so by the privatization advisor (KPMG) and the commission for the implementation of a strategic partnership model for the privatization of Zelezara Smederevo, Serbian Prime Minister Aleksandar Vucic said Tuesday.

VIENNA - Serbia may achieve greater growth than the International Monetary Fund's (IMF) program projects, but it depends on the outcome of the privatization of Zelezara Smederevo and other companies, including those on the Privatization Agency's list, Serbia's Finance Minister Dusan Vujovic said Tuesday.

Steel plant sale negotiations "not easy"

BELGRADE -- The business plan for Zelezara Smederevo steel plant needs be in line with the agreement with the IMF and with EU rules, says Zeljko Sertic.

The Serbian economy minister at the same time "stressed that he is optimistic about reaching consensus on a strategic partnership with U.S. steel firm Esmark," Tanjug reported.