Market Segment
January 6, 2026
Written by Ethan Bernard
U.S. Steel has bought the Pittsburg, Calif., property where the former USS-POSCO venture was located for $275 million, according to a report in The Mercury News.
Recall that the USS-UPI mill had been a 50-50 joint venture between U.S. Steel and South Korean steelmaker POSCO. U.S. Steel took full control in 2020. It was idled in 2024.
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).