US

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The US Federal Reserve cuts its key policy rate by 50 basis points

This was the first rate cut since 2020

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AISI insists on updating US trade legislation

The American Iron and Steel Institute has again called for the fight against dumping and circumvention of protective measures

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US steelmakers demand investigation into imports of corrosion-resistant flat products

The relevant petition refers to relevant products from 10 countries

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Cleveland-Cliffs expresses interest in buying some assets of US Steel

This includes plants that are slated to close if US Steel's deal with Nippon Steel does not go through

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US steelmakers hope to restore demand in 2025

Demand for steel is expected to grow due to lower rates and the construction sector

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US increased rolled steel imports by 17.6% m/m in July

The total import of steel for the month increased by 12.5% ​​m/m

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A bill to transform the steel industry was introduced in the United States

The Modern Steel Act provides for the construction of new steel mills in deindustrialized cities

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Prices for flat products in the US rise for the first time since April

HRC prices are currently in the range of $640-670 per short ton

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US steelmakers call for stronger trade protection measures

Industry groups call for Playing Field 2.0 Act to be included in package of laws to protect against unfair imports

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US reduced rolled steel imports by 23% m/m in June

Total steel imports for the month fell by 24.5% m/m

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Nucor expects financial results to deteriorate in Q3

Weak prices for steel products continue to put pressure on the company's performance

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Cleveland-Cliffs to acquire Canadian Stelco for $2.5 billion

The deal is expected to close in the fourth quarter of this year

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