US News — GMK Center

Canadian steelmakers have called for an end to the tariff war between the US and Canada

Masha Malonog — Fri, 05 Jun 2026 08:54:45 +0000

The Canadian Steel Producers Association (CSPA) has called for an end to the tariff war between the US and Canada and for closer cooperation to strengthen North America. This is stated in a corresponding statement from the CSPA. As noted by the industry association, the country’s steel industry has endured a year of 50 per […]

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Trump’s tariffs have significantly reduced steel exports from the EU to the US – EUROFER

Masha Malonog — Thu, 04 Jun 2026 11:05:00 +0000

Since the US raised steel tariffs to 50%, exports of steel products from the EU to the US have fallen by a third. This is according to a report by the European Steel Association (EUROFER). In the three quarters since these tariffs were introduced (4 June 2025), this figure has fallen by 34% year-on-year – […]

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Worthington Steel has completed the acquisition of Klöeckner

Masha Malonog — Thu, 04 Jun 2026 07:23:39 +0000

The US-based Worthington Steel has completed its voluntary public takeover bid for Klöeckner & Co S following the fulfilment of all closing conditions. This is stated in a press release from Worthington. The US company has now acquired approximately 62% of Klöeckner’s shares. It is noted that this lays the foundation for a strong strategic […]

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Trump has reduced tariffs on certain steel and aluminum products

Masha Malonog — Tue, 02 Jun 2026 13:12:17 +0000

U.S. President Donald Trump has signed an executive order amending the tariffs on imports of steel, aluminum, and copper imposed under Section 232. This was announced in a White House statement. The document provides for a reduction in tariffs on certain products made of steel and aluminum, from the previous 25% to 15%. Specifically, this […]

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Nucor has raised the price of hot-rolled coil to $1,105 per ton

Masha Malonog — Tue, 02 Jun 2026 07:47:26 +0000

U.S. steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil by $10 per short ton compared to the previous week. This was announced in a letter the company sent to its customers on June 1. Consequently, the new offer price is $1,105/ton. The CSP for the joint venture California Steel […]

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Mexico is seeking to eliminate steel tariffs as part of the USMCA review

Masha Malonog — Fri, 29 May 2026 13:05:03 +0000

Mexico is seeking to have U.S. steel tariffs lifted as part of the review of the USMCA trilateral agreement, according to BNamericas. On May 27–29, the country’s Ministry of Economy and a delegation from the Office of the U.S. Trade Representative (USTR) discussed issues related to various sectors. The negotiations are taking place against the […]

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Worthington Steel has raised $1.4 billion to acquire Klöeckner

Masha Malonog — Fri, 29 May 2026 09:59:42 +0000

The U.S.-based Worthington Steel has raised $1.4 billion in leveraged financing to acquire the German steel company Klöeckner & Co., according to Bloomberg. According to informed sources, Worthington placed $700 million in high-yield bonds and $700 million in leveraged loans as part of deals arranged by Wells Fargo & Co. The initial plan was to […]

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Nucor has opened a micro-plant for the production of rebar in North Carolina

Masha Malonog — Fri, 29 May 2026 08:19:32 +0000

U.S. steel producer Nucor has commissioned a micro-mill in Lexington, North Carolina, according to SMM. This move enables the company to produce an additional 430,000 short tons of rebar per year. The new facility is geared toward meeting demand in the construction and infrastructure sectors along the U.S. East Coast. As the company notes, this […]

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Interpipe supplies passenger train wheels for the New York–New Jersey route

Masha Malonog — Thu, 28 May 2026 11:11:04 +0000

The Ukrainian industrial company Interpipe supplies passenger train wheels for the route between the U.S. states of New York and New Jersey. This is stated in a company press release. For over 7 years, Interpipe has been a regular supplier of wheels for the PATH commuter rail service in the United States. The Ukrainian company […]

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The US reduced imports of rolled steel by 30.5% y/y in January–April

Masha Malonog — Wed, 27 May 2026 14:30:57 +0000

According to data from the American Iron and Steel Institute (AISI), the United States imported 5.12 million short tons of rolled steel products in January–April 2026, a 30.5% decrease compared to the same period in 2025. Total steel imports, including rolled products and semi-finished products, amounted to 6.97 million tons, down 29.5% year-over-year. The largest […]

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Nucor-Yamato and Gerdau are raising beam prices in the U.S.

Masha Malonog — Wed, 27 May 2026 07:30:40 +0000

Nucor-Yamato Steel (a division of Nucor Corporation and a joint venture with Yamato Kogyo) and Gerdau Long Steel North America have raised prices for C12 and C15 beams by $90 per short ton, according to Kallanish. Nearly two months ago, both companies had already raised their prices by $40 per short ton for a number […]

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Tata Steel UK has been granted an exemption from U.S. steel tariffs

Masha Malonog — Wed, 20 May 2026 07:30:49 +0000

Tata Steel UK, the British subsidiary of Indian steelmaker Tata Steel, has secured an exemption from U.S. tariffs, according to Bloomberg. This will allow the company to export steel processed in the UK at the reduced rate applied to shipments from that country, even if the raw materials were produced abroad. Under U.S. trade measures, […]

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Thyssenkrupp Automotive Technology is restructuring its production network in the US

Masha Malonog — Tue, 19 May 2026 12:21:37 +0000

Thyssenkrupp Presta North America, part of the Thyssenkrupp Automotive Technology segment, plans to close its production facility in Terre Haute, Indiana, by March 31, 2027. This was announced in a statement from the company. As part of the planned closure, production activities in the United States within the automotive chassis business, which are affected by […]

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Nucor raises HRC price to $1,090 per ton

Masha Malonog — Tue, 19 May 2026 07:34:57 +0000

U.S. steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil—by $10 per short ton compared to the previous week. This was announced in a letter the company sent to its customers on May 18. Thus, the new offer price stands at $1,090/ton. At the same time, the CSP for the […]

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Prices for oil and gas OCTG pipes in the US rose by $220 per ton in April

Masha Malonog — Wed, 13 May 2026 07:19:50 +0000

Regional pipe markets are showing mixed trends due to the specific nature of pipe products. By the end of April, prices for welded pipes in Turkey intended for construction purposes had practically stabilized, while quotations for oil and gas OCTG pipes in the U.S. rose by $220 to $2,274/ton. United States The average price of […]

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Global overcapacity poses a threat to the U.S. steel industry

Masha Malonog — Mon, 11 May 2026 10:59:24 +0000

The Steel Manufacturers Association (SMA) and the American Iron and Steel Institute (AISI) have expressed serious concern over the growing global steel overcapacity. The organizations warn that the trade policies of China and Brazil undermine fair competition and threaten U.S. national security. This is reported by Kallanish and SteelNet. SMA Executive Vice President Brandon Ferris […]

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Steel shipments to the US rose 4.4% y/y in Q1

Masha Malonog — Thu, 07 May 2026 12:09:31 +0000

In the first quarter of 2026, U.S. steel mills increased shipments of steel products by 4.4% year-on-year – to 23.2 million tons, according to the American Iron and Steel Institute (AISI). In March of this year, U.S. steel companies increased shipments of steel products by 6.2% year-on-year – to 8.2 million tons. Compared to the […]

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The US will impose 25% tariffs on cars if the EU does not approve the trade agreement

Masha Malonog — Thu, 07 May 2026 08:55:56 +0000

U.S. Ambassador to the EU Andrew Pazder stated that Washington will impose 25% tariffs on passenger cars and trucks from the European Union “in the near future” if the bloc does not promptly ratify the trade agreement, the review of which has been delayed. This was reported by Bloomberg. “If we don’t see substantial progress, […]

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Nucor, Gerdau, and Optimus are raising rebar prices in the US

Masha Malonog — Wed, 06 May 2026 13:36:31 +0000

At least three major rebar producers in the U.S. have announced price increases, following the move previously announced by Commercial Metals Company (CMC). This is stated in letters from the companies to their customers, according to Kallanish. Specifically, Nucor Bar Mill Group, Optimus Steel, and Gerdau Long Steel North America have raised prices on all […]

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Nucor is raising the price of hot-rolled steel by $5

Masha Malonog — Tue, 05 May 2026 09:29:55 +0000

The American company Nucor has raised the spot price for hot-rolled coil (HRC) by another $5 per short ton. As a result, the official price has risen to $1,070 per short ton, according to Kallanish. The company’s latest price bulletin, released on Monday, indicates at least a temporary slowdown in the pace of price increases. […]

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The EU will respond to Trump’s 25% auto tariffs

Masha Malonog — Mon, 04 May 2026 08:57:20 +0000

The European Union will take the necessary measures to protect its interests if U.S. President Donald Trump imposes new 25% tariffs on cars from the EU. This was reported by Euractiv, citing a European Commission spokesperson. “We remain fully committed to a predictable, mutually beneficial transatlantic relationship. Should the US take measures inconsistent with the […]

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Automakers are counting on $2.3 billion in US tariff refunds

Masha Malonog — Sun, 03 May 2026 06:49:32 +0000

Major automakers are factoring in expected refunds of U.S. tariffs, boosting their first-quarter earnings, Reuters reports. Companies affected by U.S. import tariffs began filing claims for refunds last week—a move made possible by a U.S. Supreme Court ruling in February that struck down some of the Trump administration’s tariffs. Importers who paid the tariffs are […]

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The EU has rejected the US plan to resolve the dispute over steel tariffs

Masha Malonog — Fri, 01 May 2026 09:45:05 +0000

Germany and France—the EU’s largest economies—are dissatisfied with the U.S. proposal to resolve the tariff dispute over steel and aluminum, which has added uncertainty to the already stalled negotiations on the ratification of the trade agreement. According to Bloomberg, the European Commission is considering possible countermeasures, and the parties have agreed to continue technical consultations. […]

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Mexico will require the use of only domestic steel in government projects

Masha Malonog — Thu, 30 Apr 2026 09:58:40 +0000

Mexican President Claudia Sheinbaum announced the introduction of a rule requiring all federal construction projects to use steel exclusively from Mexican companies. This move comes in response to a failed attempt to reach an agreement with the United States on lifting tariffs on Mexican steel products, according to Reuters. In this way, Mexico is attempting […]

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The US reduced imports of rolled steel by 35% y/y in January–March

Masha Malonog — Fri, 24 Apr 2026 12:39:22 +0000

According to data from the American Iron and Steel Institute (AISI), the United States imported 3.74 million short tons of rolled steel products in the first quarter of 2026, a 35% decrease compared to the same period in 2025. Total steel imports, including rolled products and semi-finished products, amounted to 5.09 million tons, down 34.7% […]

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Attempts to strengthen the EU-US trade agreement are putting it at risk – Bloomberg

Masha Malonog — Fri, 24 Apr 2026 08:29:13 +0000

The European Commission has warned member states that efforts to strengthen safeguard measures in the bloc’s trade agreement with the United States are putting it at risk. Bloomberg reports this, citing sources. In late March, the European Parliament gave the green light to the EU-U.S. trade agreement reached in 2025. However, their position included several […]

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Global steel producers are maintaining high HRC prices

Masha Malonog — Tue, 21 Apr 2026 13:20:42 +0000

Tokyo Steel, a leading Japanese electric arc furnace steel producer, raised prices for May HRC (1.7–22 mm) sales by 5,000 yen/ton ($31/ton) compared to the previous month, according to BigMint. In addition, the company raised prices for rebar and I-beams by 3,000 yen/t ($19/t) and 5,000 yen/t ($31/t), respectively, compared to the previous month. Tokyo […]

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Global excess steel production capacity is undermining market discipline – AISI

Masha Malonog — Thu, 16 Apr 2026 12:29:53 +0000

Global excess capacity undermines market discipline and creates significant obstacles for U.S. steelmakers, who, among other things, are seeking to invest in new and modernized facilities. This is stated in comments from the American Iron and Steel Institute (AISI) in response to a request from the Office of the U.S. Trade Representative (USTR). The request […]

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Prices for Turkish welded pipes rose by $60 per ton in March

Masha Malonog — Sun, 12 Apr 2026 10:00:48 +0000

Regional pipe markets are showing mixed trends, reflecting the specific characteristics of pipe products. As of the end of March, prices for welded pipes in Turkey, which are largely intended for construction, rose by $60/t to $655/t, while prices for oil and gas OCTG pipes in the U.S. remained stable. Global market conditions According to […]

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Nucor has raised the price of hot-rolled coil to $1,040 per ton

Masha Malonog — Tue, 07 Apr 2026 11:48:20 +0000

U.S. steel producer Nucor has raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $5 per short ton compared to the previous week. This was announced in a letter from the company to its customers dated April 6. The new offer price is $1,040/short ton. The spot consumer price for Nucor’s West Coast […]

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Steel shipments to the US rose 5.1% y/y in February

Masha Malonog — Mon, 06 Apr 2026 12:37:52 +0000

Shipments of steel products from U.S. steel mills rose by 5.1% year-over-year in February 2026, reaching 7.4 million short tons, according to the American Iron and Steel Institute (AISI). Compared to January, this figure fell by 2.5%. Shipments in January-February totaled 14.98 million short tons, which is 3.5% more than in the same period of […]

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The US has adjusted tariffs on steel, aluminum, and related products

Masha Malonog — Fri, 03 Apr 2026 07:26:46 +0000

U.S. President Donald Trump has adjusted tariffs on imports of steel, aluminum, and copper to simplify compliance procedures and prevent the undervaluation of imports. This was announced in a White House statement. According to the document, the U.S. will maintain a 50% import tariff on steel and aluminum under Section 232, but will apply the […]

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The US is reviewing its tariff policy on steel and aluminum products

Masha Malonog — Thu, 02 Apr 2026 09:24:06 +0000

The Trump administration is preparing to establish a tiered system for broad tariffs on steel and aluminum products to simplify the process for U.S. companies, Bloomberg reports, citing sources. The U.S. will maintain 50% tariffs on a large number of steel and aluminum products (the duty will be calculated based on the value of the […]

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Nucor has again raised the price of hot-rolled coil by $10 per ton

Masha Malonog — Tue, 31 Mar 2026 12:08:32 +0000

U.S. steel producer Nucor has again raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $10 per short ton compared to the previous week. This was announced in a letter from the company to its customers dated March 30. The new price is $1,035 per short ton. The spot consumer price for Nucor’s […]

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Nucor Bar Mill Group has raised prices for bar stock

Masha Malonog — Mon, 30 Mar 2026 11:50:57 +0000

Nucor Bar Mill Group, a division of the American steel producer Nucor, announced last week that it was raising prices on structural steel products. Kallanish reported this, citing a letter the company sent to its customers. According to the report, the price increase amounts to $40–60 per short ton for channels, angles, and steel strip. […]

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Gerdau is raising prices on certain types of long products in North America

Masha Malonog — Fri, 27 Mar 2026 10:42:43 +0000

Gerdau Long Steel North America has announced price increases for certain types of merchant bar products. This was reported by Kallanish, citing a letter from the company to its customers. The increases apply to certain grades of angle bars, channel bars, and steel strip. Depending on the product type, prices will increase by $40/ton and […]

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The European Parliament has approved the trade agreement with the United States

Masha Malonog — Thu, 26 Mar 2026 15:34:04 +0000

On March 26, the European Parliament gave the green light to the EU-U.S. trade agreement reached last year, albeit with certain conditions. This is stated in a press release from the institution. MEPs adopted their position on two proposals regarding the implementation of the agreement’s tariff provisions. If these texts are agreed upon with EU […]

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The US reduced imports of rolled steel by 38.5% y/y in January–February

Masha Malonog — Thu, 26 Mar 2026 09:14:52 +0000

According to data from the American Iron and Steel Institute (AISI), the United States imported 2.42 million short tons of rolled steel in January–February 2026, a 38.5% decrease compared to the same period in 2025. Total steel imports, including rolled products and semi-finished products, amounted to 3.31 million tons, down 37.6% year-over-year. The largest share […]

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The US reduced its imports of rolled steel by 45.9% y/y in January

Masha Malonog — Mon, 16 Mar 2026 09:03:33 +0000

In January 2026, the United States imported 1.25 million short tons of rolled steel, up 7.7% from December 2025 but down 45.9% year-over-year. This is according to data from the American Iron and Steel Institute (AISI). Total steel imports, including rolled products and semi-finished products, amounted to 1.65 million tons, increasing by 4.6% month-over-month and […]

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Quotations for welded pipes in Turkey rose by $18 per ton in February

Masha Malonog — Wed, 11 Mar 2026 15:34:25 +0000

Regional pipe markets are experiencing mixed trends due to the specific nature of pipe products. At the end of February, prices for welded pipes in Turkey, which are largely intended for construction needs, rose by $18/t to $595/t, while oil and gas OCTG pipes in the US fell by $11/t – to $2053/t. USA Until […]

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Nucor raised the price of hot-rolled coil to $1,010/ton

Masha Malonog — Tue, 10 Mar 2026 12:09:17 +0000

American steel producer Nucor has raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $5 per short ton compared to the previous week. This is stated in a letter to customers dated March 9. Thus, the current price is $1,010/ton. The new announcement is the eighth consecutive weekly price increase by the steel […]

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Prices for rebar declined in most regions in February

Masha Malonog — Thu, 05 Mar 2026 14:18:36 +0000

Global prices for rebar declined in most world markets during February. A slight increase was recorded in China and Northern Europe. Turkey Reinforcing steel offers on the Turkish market fell by 1.3% – to $552.5/t FOB between January 30 and February 3, 2026. The decline continued throughout the month, and prices are now at their […]

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Nucor raised the price of hot-rolled coil to $1,005/ton

Masha Malonog — Tue, 03 Mar 2026 12:57:13 +0000

American steel producer Nucor has raised its spot consumer price (CSP) for hot-rolled coil (HRC) by $15 per short ton compared to the previous week. This is stated in a letter to customers dated March 2. Thus, the current price is $1,005/t. On February 23, Nucor announced a $15 per short ton increase in CSP, […]

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The EU expects the US to lower tariffs on steel and aluminum products

Masha Malonog — Wed, 25 Feb 2026 14:06:37 +0000

EU representatives believe that the US will soon simplify its broad tariffs on products containing steel and aluminum, Bloomberg reports. This issue is a key obstacle in trade negotiations between the parties, the agency notes. According to sources familiar with the bloc’s position, the Trump administration may reduce the number of goods subject to a […]

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Prices for hot-rolled coil continue to rise in February

Masha Malonog — Wed, 25 Feb 2026 13:32:37 +0000

The global market for hot-rolled coil in February 2026 continues the upward trend that began in January. Offers in Europe have risen by €25-45/t since the beginning of the year, and in the US by $50/t. At the same time, China lags behind the trend, with an increase of only $2/t. EU In February, prices […]

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