US

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US adds coking coal to the list of critical materials

The goal is to increase domestic production

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The US reduced imports of rolled steel by 11.8% m/m in April

Total steel imports fell by 17.1% m/m over the month

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Trump announces planned partnership between US Steel and Nippon Steel

The deal is key to Nippon Steel's global expansion strategy, but its format remains unknown

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Cleveland-Cliffs cuts HRC price to $910/mt for June orders

Compared to May's offers, the price of hot-rolled coils fell by $65/t

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EU presents new trade proposal to the US – Bloomberg

The document, in particular, proposes cooperation in export control and combating excess capacity

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Nucor has cut prices for hot rolled coils to $880/t for the third time since May

Offers for the week of May 19-25 fell by $20/t, and since the beginning of the month – by $50/t

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Nucor cuts hot rolled coil prices for the second time in May

Conditions in the US HCR market continue to soften

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India considers countermeasures against US steel duties

The country notified the WTO of its intention to impose retaliatory tariffs

The US and China agree to mutually reduce tariffs for 90 days

The parties will continue discussing economic and trade relations

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British steel industry needs to clarify the timing of US zero tariffs

The parties are working to define the exact requirements for the quota of steel allowed for export

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European Commission starts consultations on possible response to US tariffs

The EC is also consulting on possible restrictions on scrap exports

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Cleveland-Cliffs increased steel sales by 5% y/y in Q1

The company takes measures to optimize operations and increase efficiency

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