Canacero hits out at new US steel tariffs
Mexican steel trade group Canacero has condemned the US’ actions of raising tariffs on steel and aluminum to 50% from 25%.
Category: Market Segment
It's official: Trump proclamation doubles S232 on imported steel, aluminum to 50%
President Donald Trump on Tuesday evening signed a proclamation that officially doubled Section 232 tariffs on imported steel and aluminum from 25% to 50%. There was one exception: Section 232 tariffs on steel and aluminum from the United Kingdom will remain at 25%, according to a fact sheet published by the White House.
Cliffs CEO cheers higher S232. What's next for Canada, Mexico, and automotive?
Cleveland-Cliffs Chairman, President and CEO Lourenco Goncalves offered full-throated support for Section 232 tariffs on imported steel being doubled to 50%. And the top executive of the Cleveland-based steelmaker said the steel industry wanted to see as few exceptions as possible to the tariffs.
Canada claps back on Trump tariff news
Meanwhile, several US trade groups applauded the latest trade announcement.
Worthington expands European presence with closing of Sitem deal
The Ohio-based steel processor is now the majority owner of Italy's Sitem Group, which has six manufacturing sites across Italy, Switzerland, Slovakia, and France.
Hassett: 50% S232 tariffs are set to go
Section 232 tariffs of 50% on imported steel will go into effect on Wednesday with few exceptions, according to a top White House official.
Leibowitz: IEEPA tariffs take a hit, but Trump has other weapons
Briefing on the stay motion will be completed by June 9. If a stay pending appeal is granted, it will likely remain in effect until the Court of Appeals issues a decision, which could be months in the future. The case is almost certain to be appealed to the Supreme Court.
Trump says Section 232 tariff on steel, aluminum to double to 50% at Pennsylvania rally celebrating Nippon-USS deal
At a rally celebrating a “planned partnership” between U.S. Steel and Nippon Steel, President Trump announced higher tariffs on steel and aluminum imports into the United States, and revealed few more details on Nippon’s investment in USS’ operations.
Price: What’s next for the IEEPA tariffs?
International trade attorneys discuss court decisions this week that left many importers, manufacturers, and even casual observers wondering: What’s next?
Wittbecker: West Coast port congestion
What's going on in West Coast ports?
Trump tariffs face battle as court rejects legality
The “on again, off again” Trump tariff train continues to chug along, with several important court rulings this week.
SunCoke buys Phoenix Global in deal for $325M
SunCoke Energy has purchased Phoenix Global, a metals and mining services company, for $325 million.
CRU: Trump hails a partnership of Nippon with USS
In a social media post, President Donald Trump said a planned partnership between Nippon Steel and U.S. Steel will add $14 billion to the US economy and ensure USS remains headquartered in Pittsburgh.
Commerce ups Vietnam’s dumping margins in coated trade case
Coated sheet imports from Vietnam face steeper anti-dumping duties after Commerce recalculated the rates due to ministerial errors.
EU secures tariff deferral in trade talks with US
The European Union is fast-tracking trade negotiations with the US in the hope of avoiding the 50% tariffs threatened by President Trump.
Washington considers stake in U.S. Steel as part of Nippon deal: Report
The US government could acquire a stake in U.S. Steel as part of Nippon Steel’s $14-billion deal for the Pittsburgh-based steelmaker, according to various media reports. The Trump administration sees Washington, D.C., acquiring a “golden share” as part of the deal, according to an article in Kyodo News on Tuesday. This would give the US […]
Trump approves $14B Nippon Steel-USS 'partnership'
President Donald Trump on Friday gave his blessing to a $14-billion "partnership" between Nippon Steel and U.S. Steel.
CFIUS panel returns mixed decision on Nippon/USS deal: Report
New developments emerge in the Nippon/USS CFIUS review.
Trump eyes 50% tariff on EU starting June 1
Trump threatens EU with 50% tariff starting June 1.
CFIUS completes Nippon/USS review, but outcome unknown: Report
The CFIUS report is in, but what it contains remains unknown.
Cliffs opens June spot order book at $910/ton HR
Cleveland-Cliffs opened its June order book for spot material at $910 per short ton (st).
Op-Ed: Ternium CEO Máximo Vedoya wants a fair future forged in steel
After recently receiving an industry honor on behalf of Ternium, I had the opportunity to reflect and share my vision on the state and future of our industry.
Nippon eyeing new $4B U.S. Steel mill to sweeten deal: Report
Nippon Steel could build a new domestic U.S. Steel mill with a total investment of $4 billion.
Nucor cuts CSP by $20/ton, third straight drop
Nucor has lowered its consumer spot price by $20 per short ton, marking the third consecutive weekly decrease.
Price: One-off deal for the UK, pause in China trade war, and more
International trade remains at the forefront of President Trump’s agenda, especially as new negotiations and investigations continue to be announced.
Three Italian CTL plate companies get AD duties, two removed
Commerce began a review of five producers/exporters: NLMK Verona; Officine Technosider; F.A.R. Fonderie Acciaierie; Ferriera Valsider and Metinvest Trametal.
Commerce lays out final results for CVD review on certain Korean CR products
The period under review is Jan. 1, 2022, through Dec. 31, 2022.
House committee blocks GOP budget proposal
The budget proposal has big implications for steel and manufacturing.
Commerce gives final CVD results on certain Korean CORE products
The US Commerce Department has provided the final results for the countervailing administrative review of certain corrosion-resistant steel products (CORE) from South Korea.
Nucor reports IT systems breach
Nucor said it temporarily and proactively halted some production operations at various locations.