Market Segment
September 19, 2024
Written by Michael Cowden
U.S. Steel expects third-quarter adjusted earnings of approximately $300 million, according to figures released on Thursday.
The Pittsburgh-based steelmaker said the result was in line with prior guidance and came despite “challenging pricing dynamics.”
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).