US

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The USA increased steel imports by 3.7% y/y in January-October 2022

Imports of finished steel products to the US for 10 months of 2022 increased by 19.1% year-on-year

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US steel prices may return to pre-pandemic level

American steelmakers believe that the HRC price at the beginning of 2023 will be lower than $650/t

Steelmakers call for global emission control standard

Thus, the world steel sector plans to achieve the decarbonization of industry by 2050 and satisfy the demand for green steel

US steelmakers expect growth in demand for steel in 2023

The automotive sector and infrastructure projects are considered to be market drivers

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IREPAS notes the low demand on the world market for long products

The association gives a negative forecast for the fourth quarter of 2022 and the beginning of 2023

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US Steel notes the drop in demand for steel in Europe due to the war in Ukraine

In the third quarter, the European company US Steel Kosice reduced steel production by 26% y/y

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The USA increased steel imports by 4.4% y/y in January-September 2022

The import of finished steel products to the USA for the 9 months of 2022 increased by 22.5% year-on-year

Business Standard
The EU energy crisis restrains the export of European steel to the USA

US consumers avoid purchases of imported steel amid low domestic prices and short delivery times

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Forecasts of steel demand in Europe restrain the growth of US exports

European steel buyers are already looking for suppliers in Southeast Asia

Steel Dynamics completed the acquisition of ROCA

Acquisition of a Mexican company significantly strengthens Steel Dynamics' strategy for purchasing scrap in the region

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The US is introducing anti-dumping duties on Russian OCTG pipes

Customs duties on oil production pipes produced in the Russian Federation are declared in the range of 12.8%-184.2%, depending on the producer

nlmktrading.com
Slab imports to the US decreased by 47.7% y/y in August 2022

Imports fell by 17.3% compared to July 2022

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