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Photo – US increased steel imports by 11.3% m/m in April
US increased steel imports by 11.3% m/m in April

The import of rolled steel for the month increased by 4.5% m/m

Photo – US announces an increase in tariffs on Chinese steel and aluminum to 25%
US announces an increase in tariffs on Chinese steel and aluminum to 25%

The White House notes that these actions are intended to protect the American steel industry

Photo – Cleveland-Cliffs initiates monthly announcement of spot prices for hot-rolled steel
Cleveland-Cliffs initiates monthly announcement of spot prices for hot-rolled steel

The price will be published together with the monthly opening of the order book

Photo – Cleveland-Cliffs still interested in acquiring US Steel – Bloomberg
Cleveland-Cliffs still interested in acquiring US Steel – Bloomberg

Cliffs CEO believes that the deal with Nippon Steel will not be finalized due to union disagreement

Photo – US increased rolled steel imports by 14.7% m/m in March
US increased rolled steel imports by 14.7% m/m in March

The total import of steel for the month increased by 1.6% m/m

Photo – Steel Dynamics forecasts growth in US steel consumption in 2024
Steel Dynamics forecasts growth in US steel consumption in 2024

In Q1, the company shipped almost 3.3 million tons of steel

Photo – Nucor and Cleveland-Cliffs note a decline in steel demand in Q1
Nucor and Cleveland-Cliffs note a decline in steel demand in Q1

Cliffs maintains a positive outlook for the second quarter

Photo – US steelmakers support Biden’s position on Chinese steel imports
US steelmakers support Biden’s position on Chinese steel imports

Industry associations are concerned about the growth of steel exports from China to world markets

Photo – US President calls for increased duties on steel and aluminum from China
US President calls for increased duties on steel and aluminum from China

This move will affect a small segment of the American market

Photo – Nucor introduces weekly spot prices for hot rolled steel
Nucor introduces weekly spot prices for hot rolled steel

Every Monday, the company will inform customers of spot prices for its products, which will be valid until the following week

Photo – American Electra launches a pilot plant for the production of pure iron
American Electra launches a pilot plant for the production of pure iron

The new enterprise aims to scale solutions for the production of such products

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