Market Segment
January 2, 2024
Written by Laura Miller
Raw steel production in the US fell to a 38-week low to close out the last week of 2023.
US mills produced an estimated 1,680,000 net tons of raw steel in the week ending Dec. 30, according to the latest data from the American Iron and Steel Institute (AISI). The mill capability utilization rate was 73.1% for the week.
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).