Market Segment
September 4, 2024
Written by Michael Cowden
President Joe Biden could block the nearly $15-billion sale of U.S. Steel to Japan’s Nippon Steel by citing national security concerns.
That’s according to reporting in the Washington Post and the Financial Times. Those initial reports were later picked up by other media outlets.
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).