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Photo – US launches a comprehensive review of its trade relations
US launches a comprehensive review of its trade relations

Trump also announced the introduction of a 25% duty on imports from Mexico and Canada

Photo – Swedish SSAB withdraws from negotiations on green project in the US
Swedish SSAB withdraws from negotiations on green project in the US

The American grant was to be used to build a fossil-free steel plant

Photo – Cleveland-Cliffs, Nucor weigh joint bid for US Steel – Bloomberg
Cleveland-Cliffs, Nucor weigh joint bid for US Steel – Bloomberg

Cliffs' top executive confirms interest in US steelmaker

Photo – Nippon Steel postpones deadline for closure of US Steel
Nippon Steel postpones deadline for closure of US Steel

The company extended the date to the first quarter of 2025

Photo – The USA reduced imports of rolled steel by 13.5% m/m in November
The USA reduced imports of rolled steel by 13.5% m/m in November

Total steel imports for the month fell by 13.7% m/m

Photo – Electra and Interfer to cooperate in the field of pure iron
Electra and Interfer to cooperate in the field of pure iron

In this way, Interfer will support customers in achieving their decarbonization goals

Photo – FED cuts key policy rate by 25 basis points
FED cuts key policy rate by 25 basis points

The decision coincided with the expectations of analysts and economists

Photo – Cleveland-Cliffs raises prices for hot-rolled steel up to $800/t
Cleveland-Cliffs raises prices for hot-rolled steel up to $800/t

The increase in value was driven by improved market conditions and demand

Photo – Vale completes negotiations for iron ore briquette plant in the US
Vale completes negotiations for iron ore briquette plant in the US

The company will start the first phase of the project in Louisiana

Photo – Biden plans to block the merger of Nippon Steel and US Steel – Bloomberg
Biden plans to block the merger of Nippon Steel and US Steel – Bloomberg

CFIUS is due to deliver its decision on December 22-23

Photo – US tariffs will affect regional steel trade – Ternium CEO
US tariffs will affect regional steel trade – Ternium CEO

In 2024, Mexico will have a steel trade deficit with the United States of 2.3 million tons

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