Market Segment
August 14, 2022
Written by Michael Cowden
Algoma Steel and United Steelworkers (USW) Local 2251 have once again narrowly averted a potential labor disruption.
The Sault Ste. Marie, Ontario-based sheet and plate producer said Local 2251 had agreed to put the company’s “last offer” to union members for a vote.
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.
After an annual administrative review, the Commerce Department increased the anti-dumping duties on large-diameter welded pipe from Turkey.
Global raw steel production slowed for the third month in a row in August, according to the latest figures from the World Steel Association (worldsteel).