Cleveland-Cliffs Opens April Contracts for Hot-Rolled Steel at $900 per Ton Cleveland-Cliffs, a leading U.S. steel producer, has announced the opening of its April contracts for hot-rolled steel, setting the price at $900 per ton. This new contract price reflects current mark...
Gerdau Postpones Investment Decision on New Mexico Plant Amid Market Uncertainty Gerdau, one of the world’s leading steel producers, has announced a postponement of its decision to invest in building a new plant in Mexico. The move reflects the company’s cautious stance in the fac...
Metinvest Allocates UAH 8.4 Billion to Support Ukraine Over Three Years of War Metinvest, one of Ukraine’s leading steel producers, has announced a significant commitment of UAH 8.4 billion in support of Ukraine over the past three years of ongoing conflict. This substantial inv...
Steelmakers Propose Monthly Global Hot-Rolled Steel Quota to the European Commission Industry players are calling on the European Commission to consider implementing a monthly global quota for hot-rolled steel, as reported by Argus. This proposal comes amid concerns over market volati...
Turkish Steel Company Eyes Acquisition of Liberty Steel Dudelange A potential acquisition in the European steel sector is drawing considerable attention as a Turkish steel company is reportedly exploring the purchase of Liberty Steel Dudelange. According to recent r...
Vietnam Imposes Temporary Anti-Dumping Duties on Chinese HRC Steel to Protect Local Industry The Vietnamese government has taken action to safeguard its domestic steel market by imposing temporary anti-dumping duties on hot-rolled coil (HRC) steel imports from China. This move comes amid grow...
US Raw Steel Production Falls 0.7% Week-on-Week Amid Market Fluctuations Recent industry data indicates that US raw steel production declined by 0.7% compared to the previous week. This modest drop reflects ongoing adjustments in the sector as producers navigate evolving m...
Steel consumption in 2024 "better-than-expected" in Chile The apparent consumption of steel products in Chile has reached 2.371 million mt in 2024, 0.7 percent less than in 2023, according to the country's steel institute, ICHA. The institute added that, des...
UK maintains AD duties on corrosion-resistant steel from China The UK government has approved the UK Trade Remedies Authority's (TRA) proposal to maintain the existing antidumping measures on imports of corrosion-resistant steel from China for five years until at...
China's Hengyang Valin Steel Pipe invests in new HR production line Hunan-based Chinese steelmaker Hengyang Valin Steel Pipe has ordered from Italian plantmaker Danieli a new hot rolling line with an annual capacity of 800,000 mt to be installed in its Hengyang plant....
EU may further limit steel imports following US tariff decision The European Union is considering further limiting quotas on steel imports to protect its domestic steelmakers, following the US decision to impose 25 percent additional tariffs on steel imports from ...
Demand for Brazilian slabs from the US has increased following the rise in import tariffs According to sources, the demand for Brazilian slabs from steel companies in the US has risen recently, despite the increase in import tariffs imposed by the US authorities. Analysts have identified t...
