Nucor Raises HRC Prices for the Fourth Time This Year Amid Tight Market Conditions US steelmaker Nucor has implemented its fourth price increase on hot-rolled coils (HRC) since the beginning of the year, reflecting persistent market challenges. The company attributes this latest hik...
Ukrainian Railways’ Tariff Hike Without Offsetting Measures May Hit ULIE Hard Recent changes by Ukrainian Railways have led to a tariff increase that comes without any accompanying compensatory measures, a decision that industry experts warn could have significant negative repe...
US Tariffs on Steel Imports May Have a Ripple Effect, Says Metinvest Recent developments indicate that the US imposition of tariffs on steel imports could have far-reaching consequences for the global steel market. Metinvest, a leading steel producer, has warned that t...
China Steel to Hold Prices Steady Amid Trump Tariffs Amid the backdrop of rising US protectionist measures, Chinese steel producers have announced their decision to maintain stable prices despite the imposition of new tariffs by President Trump. Reports...
Ancora Demands US Steel Board Records, Escalates Proxy Fight Ancora, a prominent shareholder group at US Steel, has escalated its ongoing proxy fight by demanding the release of detailed board records, Reuters reported on February 18, 2025. This move is part of...
UK government commits £2.5 billion to support transition of steel industry The UK government has committed to providing up to £2.5 billion of funding within the scope of "The Plan for Steel" for the transition of the steel industry to net zero and production of green steel. ...
UAE's EMSTEEL aims to become carbon-neutral by 2050 The United Arab Emirates' (UAE) largest steel producer and market leader, EMSTEEL, formerly known as Emirates Steel, has unveiled its decarbonization strategy in line with the UAE's targets and the Pa...
Argentina complains about steel import tariff in the US The Argentine steel chamber, Acero Argentino (AA), has issued a statement making comments about the 25 percent import tariff imposed by the US for all origins of steel products. According to AA, it un...
Workers union recommend stoppage at Usiminas The Brazilian steel producer, Usiminas, has improved by a minimal margin from its previous proposal for the readjustment of salaries of the 2024-2025 season. The union, SINDIPA, has called a meeting o...
CAAM Reports a 0.6% Decline in China’s Auto Vehicle Sales for January Data from the China Association of Automobile Manufacturers (CAAM) indicates that China’s auto vehicle sales experienced a 0.6% decline in January. Although the decrease is modest, it highlights the c...
Aperam Boosts Stainless Steel Shipments by 4.9% in 2024 Aperam has announced a 4.9% increase in stainless steel shipments in 2024 compared to the previous year, a promising indicator of improved market dynamics and growing global demand for premium stainle...
Alacero hopes to rebuild strategic alliance with US despite tariffs The Latin American Steel Association Alacero has made some evaluations regarding the 25 percent tariffs lately announced by the US on imports of steel and aluminum from all countries. Accordingly, the...
