Market Segment
March 24, 2022
Written by Michael Cowden
The United Steelworkers (USW) union is preparing for contract talks this summer with U.S. Steel and with Cleveland-Cliffs Inc., a USW spokeswoman confirmed.
A text had been sent out to USW members earlier in the day on Thursday, March 24, alerting them that the USW was getting ready for negotiations.
In 2015, finished steel imports were 29% of apparent domestic consumption of steel, as estimated by AISI. In 2025, the import share had fallen to 18%. Steel lobbyists think that is progress, but the reality is more complex.
US sheet buyers have grappled with supply scarcity in both the spot and contract markets throughout 2026. Now the supply squeeze is spilling over into 2027, according to market participants.
Several steel trade organizations have called on President Trump to resist weakening Section 232 steel tariffs.
The US Commerce Department has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from South Korea.
ArcelorMittal told the government of Ukraine that it is unable to restart operations at its ArcelorMittal Kryvyi Rih steel plant in a “safe and sustainable manner” following Russian missile attacks.