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US - Latest news GMK Center

Photo – Thyssenkrupp Automotive Technology is restructuring its production network in the US
Thyssenkrupp Automotive Technology is restructuring its production network in the US

The planned adjustment is intended to strengthen the competitiveness of the North American business

Photo – Nucor raises HRC price to $1,090 per ton
Nucor raises HRC price to $1,090 per ton

The new offer has increased by $10 compared to last week

Photo – Global overcapacity poses a threat to the U.S. steel industry
Global overcapacity poses a threat to the U.S. steel industry

U.S. industry associations are concerned about the negative impact of decisions made by China and Brazil

Photo – Steel shipments to the US rose 4.4% y/y in Q1
Steel shipments to the US rose 4.4% y/y in Q1

In March, the figure rose by 6.2% y/y

Photo – The US will impose 25% tariffs on cars if the EU does not approve the trade agreement
The US will impose 25% tariffs on cars if the EU does not approve the trade agreement

Trump may completely abandon the agreements if the European Union imposes additional trade measures in response

Photo – Nucor, Gerdau, and Optimus are raising rebar prices in the US
Nucor, Gerdau, and Optimus are raising rebar prices in the US

Steel mills raised their prices by $30 per ton amid market activity and adjustments to delivery terms

Photo – Nucor is raising the price of hot-rolled steel by $5
Nucor is raising the price of hot-rolled steel by $5

The average spot price for HRC on the U.S. market is $1,060 per ton

Photo – The EU will respond to Trump’s 25% auto tariffs
The EU will respond to Trump’s 25% auto tariffs

The U.S. President is once again violating existing trade agreements

Photo – Automakers are counting on $2.3 billion in US tariff refunds
Automakers are counting on $2.3 billion in US tariff refunds

Companies have already begun to reflect expected payments in their financial statements

Photo – The EU has rejected the US plan to resolve the dispute over steel tariffs
The EU has rejected the US plan to resolve the dispute over steel tariffs

The bloc is considering possible countermeasures, although technical discussions with the U.S. are ongoing

Photo – Mexico will require the use of only domestic steel in government projects
Mexico will require the use of only domestic steel in government projects

This decision was a response to the U.S. imposition of 50% tariffs and will help reduce the country's economic dependence

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