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Photo – British steel industry needs to clarify the timing of US zero tariffs
British steel industry needs to clarify the timing of US zero tariffs

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

Photo – European Commission starts consultations on possible response to US tariffs
European Commission starts consultations on possible response to US tariffs

The EC is also consulting on possible restrictions on scrap exports

Photo – Cleveland-Cliffs increased steel sales by 5% y/y in Q1
Cleveland-Cliffs increased steel sales by 5% y/y in Q1

The company takes measures to optimize operations and increase efficiency

Photo – Trump’s tariff expansion could hit EU goods by another €170 billion
Trump’s tariff expansion could hit EU goods by another €170 billion

The bloc is preparing retaliatory measures in case of failure of negotiations and monitors the risks of import diversion

Photo – Nucor cuts prices for hot rolled coils by $20/t
Nucor cuts prices for hot rolled coils by $20/t

Supply of products fell to the lowest level since early March

Photo – Cleveland-Cliffs shuts down three plants in the US
Cleveland-Cliffs shuts down three plants in the US

The shutdown threatens to lose about 950 jobs

Photo – EU considers increasing purchases from the US by €50 billion
EU considers increasing purchases from the US by €50 billion

China is evaluating the possibility of negotiations, and Japan aims to reach a trade agreement in June

Photo – Ukraine and the United States sign an agreement on the establishment of the Reconstruction Investment Fund
Ukraine and the United States sign an agreement on the establishment of the Reconstruction Investment Fund

The Fund will become a tool for attracting investments in the development of the domestic economy

Photo – SSAB increased rolled steel production by 6.3% y/y in Q1
SSAB increased rolled steel production by 6.3% y/y in Q1

Shipments of products increased by 5.9% y/y and steel production – by 0.3% y/y.

Photo – Donald Trump eased some tariffs for the auto sector
Donald Trump eased some tariffs for the auto sector

The step is aimed at reducing the overall level of duties, which is formed due to their layering

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