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Photo – Cleveland-Cliffs opens January booking for hot-rolled coils at $750/t
Cleveland-Cliffs opens January booking for hot-rolled coils at $750/t

Nucor also keeps its price offers for the current week at $750/mt

Photo – US steelmakers propose a plan to strengthen the manufacturing sector
US steelmakers propose a plan to strengthen the manufacturing sector

The proposed measures include, in particular, increased tariffs to support domestic production

Photo – ECB President calls for avoiding trade confrontation between the EU and the US
ECB President calls for avoiding trade confrontation between the EU and the US

Christine Lagarde warned that a trade war would lead to a decline in global GDP

Photo – Japanese Prime Minister urges US to approve deal between Nippon Steel and US Steel – Reuters
Japanese Prime Minister urges US to approve deal between Nippon Steel and US Steel – Reuters

The US Committee on Foreign Investment is currently reviewing the acquisition

Photo – Canadian steelmakers call on the government to engage in urgent dialogue with the Trump team
Canadian steelmakers call on the government to engage in urgent dialogue with the Trump team

The appeal comes amid Trump's promise to impose additional tariffs on imports from Canada, Mexico and China

Photo – The US increased rolled steel imports by 8.6% m/m in October
The US increased rolled steel imports by 8.6% m/m in October

The total import of steel for the month increased by 12% m/m

Photo – Ukraine and the United States launch three projects in the field of small modular reactors
Ukraine and the United States launch three projects in the field of small modular reactors

Clean Steel project to focus on reducing emissions in Ukraine's steel industry

Photo – US increases import duties on Nippon Steel hot-rolled steel
US increases import duties on Nippon Steel hot-rolled steel

At the same time, Nippon Steel promises American trade unions not to import slabs from foreign factories to the US

Photo – The US will extend the anti-dumping duty on hot-rolled steel from Ukraine
The US will extend the anti-dumping duty on hot-rolled steel from Ukraine

In general, tariffs on these products from six countries have been extended

Photo – Potential Trump tariffs will affect China’s indirect steel exports
Potential Trump tariffs will affect China’s indirect steel exports

12.78 million tons of indirect steel exports from China will be at risk

Photo – US Federal Reserve cuts key policy rate by 25 basis points
US Federal Reserve cuts key policy rate by 25 basis points

This is the second rate cut in seven weeks

Photo – Ukrainian companies have the right to review US trade restrictions
Ukrainian companies have the right to review US trade restrictions

The share of American iron & steel imports is less than 1%, and even an increase in supply volumes cannot harm local producers

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