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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 contracts....
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 said....
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...
Canada reopens anti-dumping investigation into hot-rolled steel shipments from China
The 77% anti-dumping duty imposed by the Canadian government on Chinese steel ends on August 8....
ArcelorMittal Canada starts supplying XCarb carbon-free steel to General Motors
ArcelorMittal North America begins supplying US automaker General Motors (GM) with mild steel from its Canadian plant....
The largest US producers simultaneously increased prices for hot-rolled steel
ArcelorMittal steel mill in Alabama, integrated electric arc furnace steelmaker Nucor, and US Steel, the largest steel supplier in the United States,...
US steel market expects further price cuts despite stable demand - S&P
Prices for flat-rolled steel in the US will fall, according to three-quarters of market participants surveyed by S&P Global Commodity Insights....
Elon Musk to launch prototype Starship interplanetary spacecraft
Sea and air closures suggested that SpaceX hoped to launch Starship as early as Monday. However, the plan is to conduct a test run in which the...
Canada introduces a total ban on imports of Russian aluminum and steel
Thus, against the backdrop of the situation around Ukraine, Ottawa limits the flow of revenues to the Russian budget. The agency clarified that the...
U.S. Steel Growth: Nucor Raises HRC Flat Prices to $1,150/t
U.S. Electric Arc Furnace (EAF) steel maker Nucor has increased flat steel prices by $150/tonne, setting a floor price for hot-rolled coil (HRC) at...
