has shelved its $50 million (approximately P2.9 billion) steel plant in Bataan province due to unfavorable market conditions. Global Ferronickel said its unit, FNI Steel Corp., decided to no ...
Shares of U.S. Steel (X) moved higher after Washington Post reported on a proposal sent to the White House by Nippon Steel (NPSCY) in order to gain approval for its pending takeover of the steelmaker.