The new duties will not apply to parts for cars and trucks if the vehicles are assembled in the United States. Trump has already imposed a 25 percent...
North America
The US Secretary of Commerce said there would be no changes to the schedule for imposing duties on aluminum and steel.
Last week, the US president decided to temporarily exempt the Canadian and Mexican car industries from the 25% duties they recently imposed on all...
The United States will grant automakers at the USMCA a one-month deferral on steel and aluminum tariffs
The grace period for USMCA automakers was announced after a telephone conversation between the heads of General Motors, Ford Motor Company and...
Trump's tariffs on steel imports will lead to a 25 increase in car prices in the United States.%
Automakers General Motors, Ford, Toyota, Volkswagen, Hyundai and Stellanti, and Ford, have strongly opposed the tariffs, with Ford CEO Jim Farley...
U.S. steel buyers will face 10-15% price increases due to Trump's import tariffs
The North American steel market is preparing for the impact of 25% import duties after the US government introduced trade measures against its key...
The export of scrap from the United States is declining for the third year in a row
Loma export from the United States has declined annually over the past three years. In 2024, scrap exports from the United States decreased by 8.4%...
Canadian and Mexican steelmakers refuse new orders from the US
Canada is the largest foreign source of imports in the United States, and Mexico is the third largest...
Nippon Steel agreed to sell its stake in Calvert to ArcelorMittal for one dollar
ArcelorMittal is one of the world's leading integrated steel and mining companies, with a presence in 60 countries and major steel operations in...
Joe Biden hesitates to approve Japanese takeover of US Steel
Joe Biden could shape the future of US Steel with one of his final acts as President of the United States, postponing a decision on whether to block...
The United States may introduce protective import duties on galvanized steel
U.S. galvanized steel buyers are becoming increasingly wary of imports following a petition calling for trade remedies against 10 countries....
US integrated steelmaker Cleveland-Cliffs to acquire Canadian integrated steelmaker Stelco
In its press release, Cliffs stated that the acquisition of Stelco will double Cliffs' presence in the flat-rolled spot market...
The dynamics of steel trade between the US and Mexico will not change in the near future: SDI
SDI does not expect changes in trade dynamics in the near term, despite strong prospects for long-term steel demand from Mexico, according to...
Japanese Nippon Steel hired former US Secretary of State Pompeo to take over US Steel
Nippon Steel confirmed the move in a written statement, praising Pompeo's achievements. Pompeo said the US must expand its manufacturing base by...
The price of gold exceeded $2,470, setting a new all-time high
Gold set another all-time high amid rising expectations for a Federal Reserve rate cut and rising bets among some traders on a second presidency of...
Data center construction boosts US steel consumption
Statistics from the U.S. Census Bureau highlight data center development as one of the few bright spots in the construction sector, weighed down by...
The US rebar market remains oversupplied
Producers of rebar in the United States reduced prices in May, despite the fact that imported material is practically absent from the market....
Elon Musk said he is against introducing import duties on Chinese electric cars
According to the American billionaire, neither he nor his company has ever approached the US authorities with a request to impose duties on the...
China will supply stainless steel cases for iPhone 16
The battery cases of all Apple iPhone 16 mobile phones will be replaced with stainless steel, which will be provided by Chinese suppliers....
The closure of the Port of Baltimore after the collapse of the Francis Scott Key Bridge has not yet affected coal prices
The stoppage of about a third of all coal exports from the United States, as a result of the closure of the port of Baltimore, did not immediately...
Steel finds itself at the center of political debate in the United States during an election year
The outcome of the US presidential election and the prospect of lower interest rates later this year are likely to have a decisive impact on demand...
Baltimore bridge collapse will block coal exports
Last year, the United States exported about 74 million tons of coal, with Baltimore being the second-largest terminal for the commodity....
US flat products market outlook uncertain due to planned plant shutdowns
Upcoming planned maintenance shutdowns at various U.S. steel mills are expected to have little impact on prices amid the recent round of smelter-led...
Strikes at major US auto plants are over. Losses exceeded $7 billion
The US auto industry is hoping for a return to business as usual after workers at the country's Big Three automakers agreed to new labor...
Today Elon Musk will again try to launch the SpaceX Starship into Earth orbit
SpaceX Starship is preparing for a second test flight, seven months after it exploded during the last test launch of an interplanetary spacecraft....
US steel mills raised minimum prices for cold-rolled steel
Less than a month after the September price increase in the United States, the minimum prices for cold-rolled steel are again being revised - now at...
EU-US steel and aluminum talks: $10 billion deadlock
Failure of the parties to reach an agreement by October 31 will mean that $10 billion in export tariffs between the EU and the US will automatically...
For the first time in history, workers from three automobile corporations went on strike in the United States.
Ford, GM and Stellantis are facing unprecedented union attacks. Steelmakers are being forced to cut production, and US Steel has had to shut down the...
European stainless steel makers move to US amid falling EU profits
As a result of recent events in the markets of Europe and the US, the difference in prices for stainless steel exceeded $1,350 per ton in favor of...
Lakshmi Mittal plans to acquire one of the largest steel producers in the US
Management of the world's second largest steelmaker, ArcelorMittal, is discussing a potential offer with investment bankers, Reuters sources...
Tesla launches Cybertruck stainless steel pickup two years behind schedule
Nearly four years after Elon Musk first unveiled Tesla's debut pickup truck, the automaker built its first Cybertruck in a stainless steel body...
