US

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Nucor has updated its carbon neutrality goals

The new goal of the company is more ambitious than the previous one from 2021

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Demand for steel in the US will remain stable in the coming years – forecast

It will be supported by infrastructure projects, according to Wood Mackenzie

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EU aims to reach a steel agreement with the US by the end of the year

The parties failed to reach an agreement at the summit in October

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US and the EU should overcome differences regarding the steel agreement – experts

Politicians probably need more time to agree on the details

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Cleveland-Cliffs has raised HRC prices by another $100/t

Spot base prices for the company's hot-rolled coil rose to $1,000 per short ton

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US is investing $2 billion in low-carbon construction projects

More than 150 objects have been identified, the priority is the purchase of building materials with lower carbon emissions

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US steelworkers support cross-border carbon tax proposal

Bill on relevant import duties introduced in the Senate

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US market expects further growth in prices for hot-rolled steel

HRC supply is expected to be limited until the end of this year

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Cleveland-Cliffs for the second time in October raised HRC prices

The new base price is $900 per short ton

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USA reduced steel imports by 4.1% m/m in September

Imports of rolled steel in the USA for the month fell by 15.1% m/m

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US will continue to suspend tariffs on European steel if necessary

The US is focused on reaching new agreements with the EU, even if it takes additional time

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USA steelmakers have ensured an increase in prices for HRC

This was facilitated by a limited supply and an increase in order fulfillment times

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