icon

US - Latest news GMK Center

Photo – Nucor expects financial results to deteriorate in Q3
Nucor expects financial results to deteriorate in Q3

Weak prices for steel products continue to put pressure on the company's performance

Photo – Cleveland-Cliffs to acquire Canadian Stelco for $2.5 billion
Cleveland-Cliffs to acquire Canadian Stelco for $2.5 billion

The deal is expected to close in the fourth quarter of this year

Photo – US steelmakers support introduction of carbon bill to Congress
US steelmakers support introduction of carbon bill to Congress

The Prove It Act could pave the way for a carbon import tax in the future

Photo – US reduced imports of pig iron from Ukraine by 19% y/y in January-April
US reduced imports of pig iron from Ukraine by 19% y/y in January-April

The share of Ukrainian products in the total amount of iron imports by US steelmakers is more than 20%

Photo – US increased rolled steel imports by 6.6% m/m in May
US increased rolled steel imports by 6.6% m/m in May

The total import of steel for the month increased by 1.7% m/m

Photo – Nucor cuts weekly HC coil prices to lowest since April
Nucor cuts weekly HC coil prices to lowest since April

The company reported a reduction in HRC prices to $680 per short ton

Photo – JSW Steel invests $110 million to modernize its US plant
JSW Steel invests $110 million to modernize its US plant

The company plans to use new technologies and state-of-the-art equipment

Photo – Nucor cuts weekly hot rolled coil prices by $60/t
Nucor cuts weekly hot rolled coil prices by $60/t

The decline in prices is a consequence of the slowdown in demand

Photo – US extends suspension of duties on Ukrainian steel for another year
US extends suspension of duties on Ukrainian steel for another year

The decision includes the suspension of tariffs on steel products from Ukraine that undergo further processing in the EU

Photo – Cleveland-Cliffs is in talks to buy NLMK’s US plants – Bloomberg
Cleveland-Cliffs is in talks to buy NLMK’s US plants – Bloomberg

NLMK's assets in the United States may be valued at more than $500 million upon potential sale

Photo – US, Europe and China to dominate hydrogen supply – BloombergNEF
US, Europe and China to dominate hydrogen supply – BloombergNEF

Projects in three markets will account for 80% of production

Photo – Cleveland-Cliffs announces new emissions reduction targets
Cleveland-Cliffs announces new emissions reduction targets

The company's previous commitments were fulfilled significantly ahead of schedule

1 25 26 27 28 29 44