North America Archives - Page 5 of 9 - Arab Iron and Steel Union

US steelmakers are bracing for lower second-quarter profits amid falling prices

Major U.S. steelmakers, including Nucor (NYSE:NUE), Steel Dynamics (NASDAQ:STLD) and U.S. Steel, to announce a decline in second-quarter earnings. Analysts note that the steel industry may continue to face challenges due to further decline in steel prices as the steel season approaches, which is typically a slower period for steel consumption. These companies have already […]

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US tightens steel and aluminum import rules to prevent China from avoiding paying duties

News / user

The United States today revealed tightening measures related to steel and aluminum imports from Mexico, as part of its efforts to prevent Chinese-origin goods from evading duties. This is the latest step taken by President Joe Biden’s administration in the period leading up to the elections, as part of a series of efforts aimed at

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US increased rolled steel imports by 6.6% in May

News / user

In May 2024, US steel enterprises increased imports of rolled steel products by 6.6% compared to April this year, to 2.23 million tons. This is evidenced by data from the American Iron and Steel Institute (AISI). Total steel imports (rolled products and semi-finished products) increased by 1.7% last month compared to April – to 2.85

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Report: U.S. Flat Steel Prices Pressured by Influx of Imports

News, Public Reports / user

U.S. flat rolled steel prices appeared bearish, accelerating declines throughout June. HRC prices fell nearly 9%, their most significant month-over-month drop since February. CRC and HDG prices saw respective 6% declines, while plate prices fell 4%. Steel prices remain in search of new bottoms as the market appears increasingly soft. As of June 13, hot

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US steel exports up 6.0% in April 2024

News / user

According to export data from the US Department of Commerce, monthly steel exports in April this year increased 6.0% from March and were up 9.5% year on year to 763,571 mt. In terms of value, US steel exports in April totaled $1.36 billion, compared to $1.29 billion in March and $1.24 million in April last

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USA Confirms 25% Steel tariff on China

News / wessam ahmed

The administration of US President Biden confirms that it will increase the customs tariff rate on some steel and aluminum products of Chinese origin under Article 301 from 0-7.5% to 25% in 2024. This comes after an in-depth review by the US Trade Representative. A White House statement said the move is part of anti-dumping

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Biden pledges that America will retain ownership of US Steel

News / user

President Joe Biden pledged that America would retain ownership of United States Steel Corp., and called for increasing tariffs on Chinese steel and aluminum, as part of his effort to win over union workers before the presidential elections scheduled for next November. “US Steel has had a distinguished status as an American company for more

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US intends to increase duties 3 times on imports of Chinese steel and aluminum

News / user

US President Joe Biden called for increasing customs duties on steel imported from China by three times “to protect American producers from the flood of cheap imports coming from Beijing.” This step reflects the intersection of Biden’s international trade policy with his efforts to attract voters in Pennsylvania, which is likely to play a pivotal

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US opens an expanded investigation into a major acquisition deal in the steel sector

News / user

The US Justice Department has opened an expanded antitrust investigation into Nippon Steel’s $14.1 billion takeover bid for United States Steel Corp, creating additional legal hurdles to completing the deal, according to people familiar with the matter. On command. Regulators at the ministry are seeking more information for antitrust reasons, according to the people, who

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Optimism about strong demand raises oil prices

News / user

Oil prices rose amid signs that demand this year may be stronger than expected, while the Israeli offensive in Syria threatens to expand conflict in the Middle East. West Texas Intermediate crude advanced as much as 1.6% to trade above $84, reaching the highest intraday price since October 30. Industrial activity in China rebounded in

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US steel imports down 3.3% in February 2024

News / user

According to preliminary census data from the US Department of Commerce, US monthly steel imports in February 2024 decreased 3.3% from January to total 2,239,828 mt. A year-on-year comparison shows a 7.7% increase. In terms of value, US steel imports in February totaled $2.64 billion, compared to $2.88 billion in January and $2.82 billion in

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US rebar exports up 28.3% in January 2024

News / user

According to export data from the US Department of Commerce, US exports of rebar totaled 17,939 mt in January 2024, up 28.3% from December but down 11.5% from January 2023. By value, rebar exports totaled $14.8 million in January, compared to $11.4 million in the previous month and $18.1 million the same month last year.

North America

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