U.S. Steel Plans to Switch Mill to Pig Iron From Steel
United States Steel said it plans to end steel production at its Granite City, Ill., mill and use the plant to produce pig iron. Pig iron is ore reduced to…
Chinese Lithium Giant Tests Investor Demand for Hong Kong IPO
HONG KONG—One of China’s top lithium producers began marketing what is expected to be Hong Kong’s largest initial public offering so far this year, braving recent market volatility to test…
Recession Fears Surge Among CEOs, Survey Suggests
Most top executives say they think a recession is looming or already here, according to a new survey, reflecting a rapid deterioration of the economic outlook among business leaders. More…
World’s Biggest Miner Scraps Immediate Thermal-Coal Exit
ADELAIDE, Australia—The world’s largest mining company abandoned the sale of its last thermal coal mine, and said it would aim to close the Australian pit in 2030. Despite record-high coal…
Caterpillar to Move Global Headquarters to Texas From Illinois
Caterpillar is decamping to Texas from its longtime Illinois base, joining other major U.S. companies weighing hiring and costs as they work to move past the continuing Covid-19 pandemic. The…
Some European Factories, Long Dependent on Cheap Russian Energy, Are Shutting Down
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French, German and Italian Leaders to Meet With Zelensky in Kyiv
Latest The leaders of France, Germany and Italy plan a trip to Kyiv this week, as Ukraine urgently seeks Western arms. A chemical plant in Severodonetsk, where citizens are sheltering,…
Fertilizer Price Surge Drives Brazil to High-Tech Alternatives
BRAZLÂNDIA, Brazil—Brazil is rushing to roll out high-tech alternatives to fertilizer to boost farm production because of global price surges exacerbated by Russia’s war in Ukraine. Drones fitted with cameras…
Looming Global Food Crisis Related to Ukraine War Divides Biden Administration
WASHINGTON—Faced with limited time and few options, the Biden administration is torn over how to deal with a looming food crisis sparked by Russia’s war in Ukraine. At the center…
Looking for $100,000 Salary? See How Much the Biggest U.S. Companies Pay Workers
Wages for the median workers at the majority of big American companies are higher than they were before the pandemic, with the tight job market helping to lift paydays for…
