US News — GMK Center

The US reduced imports of rolled steel by 26.8% y/y in January–May

Masha Malonog — Thu, 25 Jun 2026 11:16:26 +0000

In January–May 2026, the US imported 6.7 million short tonnes of rolled steel, a year-on-year decrease of 26.8 per cent. This is according to data from the American Iron and Steel Institute (AISI). Total steel imports for the first five months of this year, including rolled steel and semi-finished products, amounted to 9.12 mln tonnes […]

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Tenaris is investing over $90 million in the modernisation of its pipe plants in the US

Masha Malonog — Thu, 25 Jun 2026 07:49:18 +0000

Tenaris, an international company and one of the world’s leading manufacturers of steel pipes, has announced the launch of a large-scale investment programme worth over $90 million. The funds will be directed towards modernising the steelworks in Koppel and the seamless pipe plant in Ambridge, both located in the state of Pennsylvania. This was reported […]

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SSAB Americas is launching a steel recycling project in the US

Masha Malonog — Wed, 24 Jun 2026 10:56:18 +0000

The steel company SSAB Americas, together with its partners The Greenbrier Companies and Alter Trading, has announced the launch of a circular economy project. The initiative aims to demonstrate how recycled materials can be used to produce sustainable steel with near-zero emissions. This is stated in the company’s press release. The project will be launched […]

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Midrex is to build a DRI production plant for US Steel

Masha Malonog — Sun, 21 Jun 2026 08:02:25 +0000

Midrex has signed a contract with US Steel to supply a Midrex process complex with a capacity of 2.5 million tonnes per year. The new direct reduced iron (DRI) production facility will be built at the Big River Steel Works steel plant in Arkansas. Production is scheduled to commence in 2029. This is stated in […]

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US steelmakers are calling for clearer smelting and casting rules under the USMCA

Masha Malonog — Fri, 19 Jun 2026 09:59:27 +0000

Amid negotiations to revise the USMCA, the US steel sector is calling for stricter smelting and casting rules that would more clearly define North American-produced steel. Kevin Dempsey, president of the American Iron and Steel Institute (AISI), spoke about this in an interview with Platts during an industry forum. According to him, under the current […]

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Nippon Steel forecasts steady growth in the US market

Masha Malonog — Thu, 18 Jun 2026 08:42:19 +0000

Nippon Steel, the world’s third-largest steel producer, expects the US market to continue growing steadily thanks to import tariffs and robust demand. This could boost the profits of its subsidiary, US Steel, beyond current forecasts. Reuters reports this, citing the company’s vice-chairman, Takahiro Mori. A year ago, Nippon Steel completed its $14.9 billion takeover of […]

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Nucor has raised the price of hot-rolled coils to $1,125 per tonne

Masha Malonog — Tue, 16 Jun 2026 10:31:19 +0000

US steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil by $10 per short tonne compared to the previous week. This is stated in the company’s letter to customers dated 15 June. The new offer price currently stands at $1,125/t. The CSP for the joint venture California Steel Industries (CSI) […]

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Steel shipments to the US fell by 6.6% m/m in April

Masha Malonog — Thu, 11 Jun 2026 12:04:43 +0000

In April, US steel mills reduced shipments of steel products by 6.6% month-on-month to 7.66 million short tonnes, according to the American Iron and Steel Institute (AISI). Compared with the same period last year, this figure rose by 1.1%. Shipments in January–April 2026 totalled 30.84 million tonnes, up 3.6% year-on-year. Supplies of corrosion-resistant sheet and […]

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India rejects US allegations of excess steel production capacity

Masha Malonog — Thu, 11 Jun 2026 10:42:00 +0000

India does not have excess production capacity in the textile and steel industries, despite claims made in the US Trade Representative’s (USTR) Section 301 investigation. Washington had previously claimed that there was structural overcapacity in Indian industry — ranging from solar modules to textiles — and highlighted India’s trade surplus with the US, which stood […]

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Global rebar prices rose by 0–6% m/m in May

Masha Malonog — Tue, 09 Jun 2026 11:43:38 +0000

In May, global rebar prices rose across all key markets by between 0% and 6% month-on-month. Turkey saw the weakest performance, with the average price there rising by just 0.1%. The largest increase was recorded in Italy, at 6% month-on-month. Turkey In May, the Turkish rebar market remained largely stable. Throughout the month, prices held […]

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Nucor has raised the price of hot-rolled coils to $1,115 per tonne

Masha Malonog — Tue, 09 Jun 2026 08:16:20 +0000

The US steel producer Nucor has once again raised its spot price (CSP) for hot-rolled coil by $10 per short tonne compared to the previous week. This is stated in the company’s letter to customers dated 8 June. The new offer price is therefore $1,115/tonne. The CSP for the joint venture California Steel Industries (CSI) […]

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Trump’s 50% steel tariffs have yielded mixed results – S&P Global

Masha Malonog — Mon, 08 Jun 2026 09:24:04 +0000

A year has passed since U.S. President Donald Trump imposed a 50% tariff on steel and aluminum imports in June 2025. Officials predicted that this move would revitalize the country’s industrial base and protect domestic producers from cheap imports. So far, the reform has yielded mixed results: steelmakers have gained significant advantages, while consumer sectors […]

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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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