Market Segment
September 30, 2022
Written by David Schollaert
The United Steelworkers (USW) union has rejected US Steel’s latest labor proposal as tensions boil over and the two sides seem nowhere near to reaching a new agreement.
Union representatives called the Pittsburgh-based steelmaker’s latest proposal “a smack in the face” in a text sent to members on Sept. 29.
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).