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US - Latest news GMK Center

Photo – The US Federal Reserve kept its key interest rate at 3.5-3.75%
The US Federal Reserve kept its key interest rate at 3.5-3.75%

According to the regulator, economic activity in the country is growing at a steady pace

Photo – Hyundai Steel plans to increase capital of US steel mill by $2.9 billion
Hyundai Steel plans to increase capital of US steel mill by $2.9 billion

Total investment in the project will amount to $5.8 billion

Photo – Nucor raises prices for hot-rolled coil in the US for the second week in a row
Nucor raises prices for hot-rolled coil in the US for the second week in a row

Nucor's HRC price rose to $965/t, while the market is seeing a gradual recovery in demand and prices

Photo – Trump raises tariffs on imports from South Korea to 25%
Trump raises tariffs on imports from South Korea to 25%

The US president justified the decision by citing delays in the ratification of the trade agreement

Photo – Trump scraps plans for additional tariffs on a number of European countries
Trump scraps plans for additional tariffs on a number of European countries

On January 21, the European Parliament officially suspended the ratification process for the trade agreement with the United States

Photo – Nucor raised prices for hot-rolled coil to $960/t
Nucor raised prices for hot-rolled coil to $960/t

This is the first adjustment to proposals since the beginning of the year

Photo – German investment in the US fell by almost half during Trump’s first year in office
German investment in the US fell by almost half during Trump’s first year in office

The economic policy of the US president is confusing companies, researchers say

Photo – EU considers €93 billion countermeasures against US amid Trump’s statements
EU considers €93 billion countermeasures against US amid Trump’s statements

Trump threatened a number of European countries with tariffs of 10% from February 1 and an increase in June via Greenland

Photo – Tenaris resumes key pipe processing operations at Koppel plant in the US
Tenaris resumes key pipe processing operations at Koppel plant in the US

The company has invested $2.1 million in the site and will hire more than 80 employees

Photo – US-based Worthington Steel to acquire Klöckner & Co for $2.4 billion
US-based Worthington Steel to acquire Klöckner & Co for $2.4 billion

The deal is expected to close in the second half of the year

Photo – The US has set preliminary countervailing duties on steel products from three countries
The US has set preliminary countervailing duties on steel products from three countries

The Ministry of Trade has published preliminary rates for producers from Algeria, Egypt, and Vietnam

Photo – The US increased its imports of rolled steel products by 12.9% m/m in October
The US increased its imports of rolled steel products by 12.9% m/m in October

Total steel imports for the month increased by 11% month-on-month

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