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Photo – Canada hopes for agreements with the US on steel and energy
Canada hopes for agreements with the US on steel and energy

The leaders of the countries agreed to instruct negotiators to agree on sectoral agreements

Photo – Stellantis is considering investing around $10 billion in the US
Stellantis is considering investing around $10 billion in the US

The final decision has not yet been made, and the amount of investment and objectives may change

Photo – Gerdau has suspended planned investments in Brazil worth $400 million
Gerdau has suspended planned investments in Brazil worth $400 million

Instead, the company is counting on growth in the US

Photo – Germany’s Klöckner sells eight service centers in the US
Germany’s Klöckner sells eight service centers in the US

Seven facilities will be acquired by Canada's Russel Metals

Photo – SSAB Americas raises prices for flat steel products by at least $60/t
SSAB Americas raises prices for flat steel products by at least $60/t

The increase will take effect in November for new orders, with the company citing market conditions as the reason

Photo – The US plans to cancel $13 billion in subsidies for green energy
The US plans to cancel $13 billion in subsidies for green energy

It is still unclear which projects will be cut

Photo – The US reduced its imports of rolled steel products by 16.8% m/m in August
The US reduced its imports of rolled steel products by 16.8% m/m in August

Total steel imports for the month also fell by 16.8% m/m

Photo – The EU seeks to resume negotiations with the US on steel tariffs
The EU seeks to resume negotiations with the US on steel tariffs

The European Commission has proposed that the United States abolish or reduce tariffs within quotas

Photo – The UK has postponed talks with the US on steel tariffs
The UK has postponed talks with the US on steel tariffs

Instead, the government is seeking to agree on a permanent guarantee of 25% tariffs

Photo – Steel Dynamics forecasts earnings growth in all segments in Q3
Steel Dynamics forecasts earnings growth in all segments in Q3

The forecast is based on expectations of high steel shipment volumes

Photo – The US increased its imports of rolled steel to 1.68 million tons in July
The US increased its imports of rolled steel to 1.68 million tons in July

Total steel imports for the month fell by 0.6% m/m

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