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Arab Steel Summit

North America

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

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

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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US warns Europe against filing a complaint against it at the World Trade Organization in the steel issue

The United States has notified the European Union that it is prepared to risk derailing attempts to reform one of the pillars of multilateral trade cooperation if the Union reopens a case in the World Trade Organization against Washington over the steel and aluminum dispute in the Trump era. European diplomats and officials said that …

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Biden opposes Japan’s Nippon Steel’s acquisition of US Steel

US President Joe Biden announced on Thursday his opposition to the agreement reached for the Japanese Nippon Steel Group to acquire the American steel manufacturer US Steel. Biden said in a statement, “US Steel has been a model American steel company for more than a century, and remaining a domestically owned and operated American steel …

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Trump intends to raise tariffs by 10% if he wins the presidency

Donald Trump defended his proposal to impose a 10% tariff on imports, noting that tax cuts could contribute to alleviating their impact on families. During an interview with CNBC, US President Joe Biden’s Republican rival in next November’s elections said that “taxes could be reduced” when asked about the potential negative repercussions of his proposal. …

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Nucor Steel Brandenburg opens a new facility housing one of world’s largest continuous casting plants

Nucor Steel Brandenburg has celebrated the inauguration of the new greenfield facility at the Buttermilk Falls Industrial Park site located on the Ohio River in Brandenburg, Kentucky. It is one of the world’s largest and most advanced continuous casting plants, which is capable of producing 1.45 million tons of slabs per year in widths of …

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US issues preliminary AD duties on circular welded pipe from UAE

The US  Department of Commerce (DOC) has announced the preliminary results of its administrative review of the antidumping duty order on circular welded carbon quality steel pipe (pipe) from the United Arab Emirates. During the review period from December 1, 2021, to November 30, 2022, UAE-based producers were found to have made sales of the …

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European-American agreement to extend the suspension of duties imposed on steel and aluminum

The European Union announced an agreement with the United States extending the suspension of special customs duties on steel and aluminum products until March 2025. This step aims to avoid further escalation in a long-term trade dispute with the United States that arose under the administration of former US President Donald Trump. The European Commission …

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“Nippon Steel” acquires the American steel giant “US Steel” for $14 billion

US Steel has agreed to be bought by Nippon Steel, Japan’s largest steelmaker, in a $14.1 billion deal. The deal marks the latest step in a gradual decline for the iconic 122-year old company, which was once the largest company on the world. It was one of the first major conglomerates and a symbol of …

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Europe is considering reviving the steel tariffs issue against the United States

Bloomberg News reported that the European Union is considering reopening a case in the World Trade Organization against the United States over a dispute over steel and aluminium. Which led to the Allies imposing customs duties on goods worth more than $10 billion. The report said Friday, citing people familiar with the matter. The European …

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The trade meeting between US and EU has been postponed amid a stalemate in steel negotiations

The US-EU trade meeting scheduled for next month is expected to be postponed until early next year, as the two allies remain deadlocked in talks over steel and critical metals, according to a report. According to Bloomberg, citing sources familiar with the matter, the Trade and Technology Council was scheduled to meet last month, but …

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Europe is considering extending the steel trade truce with the United States

The European Union is studying the possibility of extending the temporary truce with the United States regarding steel and aluminum trade, a possibility that will help circumvent the stalled negotiations and avoid the re-imposition of customs tariffs on transatlantic exports worth $10 billion. Since the imposition of tariffs will resume automatically at the end of …

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