US

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US increased steel imports by 11.3% m/m in April

The import of rolled steel for the month increased by 4.5% m/m

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US Steel and Cleveland-Cliffs enter into a public dispute over the deal with Nippon Steel

The companies exchanged statements regarding the planned sale

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US announces an increase in tariffs on Chinese steel and aluminum to 25%

The White House notes that these actions are intended to protect the American steel industry

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Cleveland-Cliffs initiates monthly announcement of spot prices for hot-rolled steel

The price will be published together with the monthly opening of the order book

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Cleveland-Cliffs still interested in acquiring US Steel – Bloomberg

Cliffs CEO believes that the deal with Nippon Steel will not be finalized due to union disagreement

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US increased rolled steel imports by 14.7% m/m in March

The total import of steel for the month increased by 1.6% m/m

Steel Dynamics forecasts growth in US steel consumption in 2024

In Q1, the company shipped almost 3.3 million tons of steel

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Nucor and Cleveland-Cliffs note a decline in steel demand in Q1

Cliffs maintains a positive outlook for the second quarter

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US steelmakers support Biden’s position on Chinese steel imports

Industry associations are concerned about the growth of steel exports from China to world markets

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US President calls for increased duties on steel and aluminum from China

This move will affect a small segment of the American market

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Nucor introduces weekly spot prices for hot rolled steel

Every Monday, the company will inform customers of spot prices for its products, which will be valid until the following week

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American Electra launches a pilot plant for the production of pure iron

The new enterprise aims to scale solutions for the production of such products

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