US

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Cleveland-Cliffs cuts HRC price to $910/mt for June orders

Compared to May's offers, the price of hot-rolled coils fell by $65/t

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EU presents new trade proposal to the US – Bloomberg

The document, in particular, proposes cooperation in export control and combating excess capacity

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Nucor has cut prices for hot rolled coils to $880/t for the third time since May

Offers for the week of May 19-25 fell by $20/t, and since the beginning of the month – by $50/t

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Nucor cuts hot rolled coil prices for the second time in May

Conditions in the US HCR market continue to soften

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India considers countermeasures against US steel duties

The country notified the WTO of its intention to impose retaliatory tariffs

The US and China agree to mutually reduce tariffs for 90 days

The parties will continue discussing economic and trade relations

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British steel industry needs to clarify the timing of US zero tariffs

The parties are working to define the exact requirements for the quota of steel allowed for export

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European Commission starts consultations on possible response to US tariffs

The EC is also consulting on possible restrictions on scrap exports

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Cleveland-Cliffs increased steel sales by 5% y/y in Q1

The company takes measures to optimize operations and increase efficiency

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Trump’s tariff expansion could hit EU goods by another €170 billion

The bloc is preparing retaliatory measures in case of failure of negotiations and monitors the risks of import diversion

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Nucor cuts prices for hot rolled coils by $20/t

Supply of products fell to the lowest level since early March

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