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Photo – US Steel rejected Cleveland-Cliffs takeover bid for $7.3 billion
US Steel rejected Cleveland-Cliffs takeover bid for $7.3 billion

Currently, the steel company is considering strategic options

Photo – Global HRC prices are falling under the influence of seasonal factors
Global HRC prices are falling under the influence of seasonal factors

European importers postpone imports for the 4th quarter, as they have almost exhausted the quota for duty-free deliveries

Photo – Outokumpu is exploring the possibility of expanding into the US
Outokumpu is exploring the possibility of expanding into the US

The Finnish company will focus on strengthening its presence on the world market

Photo – USA increased pig iron imports from Ukraine by 2 times y/y in January-May
USA increased pig iron imports from Ukraine by 2 times y/y in January-May

543.55 thousand tons of Ukrainian pig iron were shipped to American consumers in five months

Photo – USA determined the preliminary dumping margin for Interpipe OCTG pipes
USA determined the preliminary dumping margin for Interpipe OCTG pipes

A preliminary anti-dumping duty on the company's products has been in effect since August 3

Photo – Steel Dynamics will buy green power from NextEra Energy Resources
Steel Dynamics will buy green power from NextEra Energy Resources

The company is accelerating progress towards decarbonisation goals

Photo – US steelmakers call for the use of local steel in green projects
US steelmakers call for the use of local steel in green projects

Associations express concern that current guidelines allow the use of imported steel

Photo – USA reduced steel imports by 10.7% y/y in the first half of the year 2023
USA reduced steel imports by 10.7% y/y in the first half of the year 2023

The import of rolled steel in the USA decreased by 14.9% y/y in 6 months

Photo – EU and the US have not yet reached a consensus on the steel agreement
EU and the US have not yet reached a consensus on the steel agreement

The parties aim to reach an agreement by the autumn 2023

Photo – USA is in critical need of its own СВАМ analogue
USA is in critical need of its own СВАМ analogue

The mechanism will support efforts to decarbonize American industry

Photo – Steel Dynamics increased its net profit by 27.5% q/q in Q2
Steel Dynamics increased its net profit by 27.5% q/q in Q2

The company's net sales amounted to $5.1 billion

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