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Photo – Prices for flat products in the US rise for the first time since April
Prices for flat products in the US rise for the first time since April

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

Photo – US steelmakers call for stronger trade protection measures
US steelmakers call for stronger trade protection measures

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

Photo – US reduced rolled steel imports by 23% m/m in June
US reduced rolled steel imports by 23% m/m in June

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

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

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