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On September 23, HRC Nucor spot price increased by $10/t – to $730 per short ton

The Brazilian company is strengthening its position in the North American market

This was the first rate cut since 2020

The American Iron and Steel Institute has again called for the fight against dumping and circumvention of protective measures

The relevant petition refers to relevant products from 10 countries

This includes plants that are slated to close if US Steel's deal with Nippon Steel does not go through

Demand for steel is expected to grow due to lower rates and the construction sector

The total import of steel for the month increased by 12.5% ​​m/m

The Modern Steel Act provides for the construction of new steel mills in deindustrialized cities

HRC prices are currently in the range of $640-670 per short ton

Industry groups call for Playing Field 2.0 Act to be included in package of laws to protect against unfair imports

Total steel imports for the month fell by 24.5% m/m