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

ArcelorMittal to sell its US steel assets to Cleveland-Cliffs for $1.4 billion

The world’s largest steel producer, ArcelorMittal, has agreed to sell nearly all its integrated US operations to Cleveland-Cliffs for $1.4 billion in cash and shares, the two companies announced on Sept 28 in separate releases. The deal will make Cleveland-Cliffs the largest flat-rolled steel producer in North America, with combined shipments of around 17 million […]

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U.S. moves to curb steel imports from Mexico, Brazil

News / mohamed

U.S. President Donald Trump’s administration took new steps to curb steel imports from Brazil and Mexico on Monday, boosting protections for battered U.S. steelmakers and jobs in the election battleground states of Pennsylvania, Ohio and Michigan. The U.S. Trade Representative’s office said it was reducing Brazil’s remaining 2020 quota for semi-finished steel imports into the

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US rebar exports up 37.2 % in June 2020

News / mohamed

According to export data from the US Department of Commerce, US exports of rebar totaled 17,352 mt in June 2020, up 37.2 percent from May and up 61.4 percent from June 2019 levels. By value, rebar exports totaled $11.4 million in June, compared to $7.9 million in the previous month and $8.1 million the same

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Vale’s iron ore exports down in H1 2020

News / mohamed

Vale’s iron ore exports down in H1 2020 In June this year, Brazilian miner Vale’s iron ore export volume totaled 24.53 million mt, up 27 percent compared to May and decreasing by 0.4 percent compared to May 2019, according to Brazil’s National Union of the Industry of Extraction of Iron and Base Metals (Sinferbase). Meanwhile,

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Iron ore rises on high demand

News / mohamed

Iron ore price continued to follow an uptrend on Tuesday, since positive market moods were supported by improved trading activity in the seaborne market. Australian iron ore fines 62% Fe went up by $1.5/t to $116.75/t CFR, following an RMB 17/t ($2.4/t) rise in September contracts on the DCE. Optimistic sentiment spurred seaborne buying activity

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COVID-19 crushes U.S. economy in second quarter

News / mohamed

The U.S. economy suffered its biggest blow since the Great Depression in the second quarter as the COVID-19 pandemic shattered consumer and business spending, and a nascent recovery is under threat from a resurgence in new cases of coronavirus. The bulk of the historic contraction in activity reported by the Commerce Department on Thursday occurred

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Oil slips as U.S.-China friction, rising virus cases weigh on markets

News / mohamed

Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors toward safe-haven assets. Brent crude LCOc1 dipped 8 cents, or 0.2%, to $43.26 a barrel by 0403 GMT, while U.S. West Texas Intermediate (WTI) crude CLc1 dropped to $41.22 a barrel, down 7 cents, or

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world’s production of crude steel declined 6.0% in H1 2020

News / mohamed

World crude steel production for the 64 countries reporting to the World Steel Association (worldsteel) was 148.3 million tonnes (Mt) in June 2020, a 7.0% decrease compared to June 2019. Due to the ongoing difficulties presented by the COVID-19 pandemic, many of this month’s figures are estimates that may be revised with next month’s production

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Vale’s iron ore output down 7.1 percent in H1 2020

News / mohamed

Brazil-based miner Vale has announced its operational results for the second quarter and the first half of the current year, reporting iron ore production of 67.6 million mt in the second quarter, rising by 13.4 percent compared to the previous quarter and up 5.5 percent year on year. In the second quarter, Vale’s manganese ore

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Oil prices slip as coronavirus cases surge

News / mohamed

Oil prices edged lower on Friday as concerns about the surge in coronavirus cases sapping fuel demand while major crude-producing nations ready increases in output. The United States reported at least 75,000 new COVID-19 cases on Thursday, a daily record. Spain and Australia reported their steepest daily jumps in more than two months, while cases

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Using the ERW process, Produce tubes up to 28 inches for the first time

News / mohamed

In view of the planned installation of the world’s largest continuous ERW tube welding line, Zekelman Industries has decided in favor of SMS group as partner and main supplier. The new 28-inch line featuring a capacity of more than 400,000 tons per year is going to complement the Atlas Tube Division of Zekelman Industries. With

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U.S. to Impose Sanctions on Iran’s Metal Exports

News / mohamed

The Trump administration imposed new sanctions on Iran on Friday, including penalties on the Islamic Republic’s metals and some senior leaders, following Tehran’s attack on U.S. military bases. The sanctions target steel, aluminum, copper and iron, as well as eight senior Iranian officials and sectors of the economy, such as construction, manufacturing, textiles and mining,

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North America

ArcelorMittal to sell its US steel assets to Cleveland-Cliffs for $1.4 billion

U.S. moves to curb steel imports from Mexico, Brazil

US rebar exports up 37.2 % in June 2020

Vale’s iron ore exports down in H1 2020

Iron ore rises on high demand

COVID-19 crushes U.S. economy in second quarter

Oil slips as U.S.-China friction, rising virus cases weigh on markets

world’s production of crude steel declined 6.0% in H1 2020

Vale’s iron ore output down 7.1 percent in H1 2020

Oil prices slip as coronavirus cases surge

Using the ERW process, Produce tubes up to 28 inches for the first time

U.S. to Impose Sanctions on Iran’s Metal Exports

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