US

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US steel industry gets a boost from legislative support

The industry was supported by the CHIPS Act and the infrastructure and inflation reduction laws

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US steelmakers call for updating trade defense legislation

The industry notes that the United States is not keeping pace with efforts by China and other countries to evade import tariffs

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Hot-rolled steel prices in the US continue to fall

The price of HRC on the American market fluctuates in the range of $800-900 per short ton

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US increased steel imports by 21.7% m/m in January

Import of finished steel increased by 18% month-on-month

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US extends sanctions on a number of Russian iron and steel companies

Late last week, the United States announced an update to the Russian corporate segment of the SDN List

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US steelmakers propose to impose import surcharges on carbon-intensive steel

Discussions focus on protection against imports and global overcapacity

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US warns of possible resumption of Section 232 tariffs on steel from Mexico

The American side notes the growth of steel and aluminum exports from this country

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US steelmakers expect stable steel demand in 2024

At present, prices for steel coils in the country have declined from their peak at the end of 2023

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US reduced pipe imports from Ukraine by 18% y/y in 2023

In December, Ukrainian producers shipped 6.9 thousand tons of pipes to the United States

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US increased pig iron imports from Ukraine by 74.7% m/m in December

In 2023, American steelmakers imported 1.05 million tons of pig iron from Ukraine

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US Steel increased steel shipments by 3.8% y/y in 2023

The European division of the company increased the indicator by 3.7% y/y

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European steelmakers call for acceleration of negotiations on the Green Steel Club

Progress on the steel deal between the EU and the US has been slow

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