US - Latest news GMK Center

The goal is to increase domestic production

Total steel imports fell by 17.1% m/m over the month

The deal is key to Nippon Steel's global expansion strategy, but its format remains unknown

Compared to May's offers, the price of hot-rolled coils fell by $65/t

The document, in particular, proposes cooperation in export control and combating excess capacity

Offers for the week of May 19-25 fell by $20/t, and since the beginning of the month – by $50/t

Conditions in the US HCR market continue to soften

The country notified the WTO of its intention to impose retaliatory tariffs

The parties will continue discussing economic and trade relations

The parties are working to define the exact requirements for the quota of steel allowed for export

The EC is also consulting on possible restrictions on scrap exports

The company takes measures to optimize operations and increase efficiency