US - Latest news GMK Center

The head of the regulator sees no need to rush to reduce rates

Despite a 60% drop in profitability in Q4, the company expects the market to recover in 2025

The US President also announced his intention to introduce a universal tariff for all imports

The total import of steel per year increased by 2.5% y/y

The company has already invested $1.7 billion

The company confirmed its interest in such a step

American Iron and Steel Institute appeals to the Trump Administration and Congress

Industry associations are ready to cooperate for the development of the American steel industry

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

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

Cliffs' top executive confirms interest in US steelmaker

The company extended the date to the first quarter of 2025