Market Segment
May 23, 2025
Written by Michael Cowden
President Donald Trump on Friday gave his blessing to a $14-billion “partnership” between Japanese steelmaker Nippon Steel and U.S. Steel.
Trump in a post on Truth Social claimed the agreement would “create at least 70,000 jobs,” add $14 billion to the US economy, and keep U.S. Steel’s headquarters in Pittsburgh. “The bulk of that Investment will occur in the next 14 months,” he said.
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).