Steel News

AISI: Overall U.S. Steel Imports Down, But Finished Steel Imports Up in '22

27 January 2023 - The amount of imported steel entering the U.S. declined 2% in 2022, according to the American Iron and Steel Institute (AISI).

WTO Rejects Section 232 Steel and Aluminum Tariffs

09 December 2022 - The World Trade Organization (WTO) has ruled that the U.S. Section 232 steel and aluminum tariffs are improper under international trade rules and should be revisited, a conclusion that was quickly dismissed by the Biden administration.

India Sets Steel Export Taxes

23 May 2022 - Hoping curb inflation and keep domestic steel prices in check, the Indian government over the weekend raised an export tax on iron ore, imposed a new export tax on a number of steel products and reduced an import tax on certain raw material imports to zero, according to reports.

U.S. Temporarily Suspends Section 232 Tariffs on Ukrainian Steel

10 May 2022 - Secretary of Commerce Gina M. Raimondo announced yesterday the U.S. will suspend Section 232 tariffs on Ukrainian steel for a period of one year.

U.S.-U.K. Trade Dispute Comes to an End

23 March 2022 - The United States’ four-year dispute with the United Kingdom over steel and aluminum tariffs ended on Tuesday with the U.K. receiving a duty-free steel import quota of more than 500,000 metric tons, according to the Reuters news service.

U.K. Government Hits Russian Steel Imports With 35% Tariff

16 March 2022 - The U.K. government announced a new wave of economic sanctions against Russia, including a 35% tariff hike on Russian iron and steel imports.

U.S. Commerce Department Sets Preliminary Duties on Russian OCTG Imports

15 March 2022 - On Monday, the U.S. Department of Commerce issued a preliminary determination that affirms Russian exporters of oil country tubular goods (OCTG) received countervailable subsidies.

European Union Bans Key Iron and Steel Imports From Russia

14 March 2022 - The European Union announced last Friday that it will prohibit imports of “key goods in the iron and steel sector” from the Russian Federation, the latest in a series of severe economic sanctions placed on the country in response to its invasion of Ukraine.

Reports: JSPL Expects to See Demand Boost Created by War in Ukraine

10 March 2022 - India's Jindal Steel and Power Ltd. (JSPL) said it anticipates its exports to jump from 25% currently to 40% following the loss of steel production in Russia and Ukraine, according to The Economic Times.

U.S. Reaches Deal With Japan to Cut Steel Tariffs

08 February 2022 - The two countries announced on Monday the removal of tariffs on approximately 1.25 million metric tons of Japanese steel imports per year.

AISI: Preliminary Steel Import Volumes Up Nearly 50% From 2020

06 January 2022 - The U.S. imported 32.6 million net tons of steel in 2021, up 48.2% from the prior year’s total, according to preliminary numbers.

Report: China Might Put More Taxes on Steel Exports

28 July 2021 - The Chinese government is considering additional tariffs on steel exports as a means to curb domestic production and reduce steel prices by keeping more of it at home, reports the Bloomberg news service.

EU Renews Steel Safeguard Measure

30 June 2021 - The European Union is extending the steel import safeguard measures that it put in place following imposition of the U.S. Section 232 tariffs.

Biden Administration Looks to Settle Steel Tariff Dispute by December

15 June 2021 - The U.S. Section 232 tariffs on steel and aluminum will remain in place for the time being, but the Biden administration on Tuesday said it is committed to resolving the dispute with the EU over the tariffs.

U.S. Steel Tariffs Survive Another Challenge

05 February 2021 - The U.S. Court of International Trade has upheld the Section 232 steel and aluminum tariffs, ruling against a group of steel users who argued that the way the tariffs were imposed was flawed, reports the Reuters news service.

U.S. Import Volumes Fell in 2020, AISI Says

02 February 2021 - U.S. steel imports fell 21.2% last year, dropping to 22 million short tons, according to the American Iron and Steel Institute.

Steel Groups Push for Continuation of Steel Tariffs, Quotas

12 January 2021 - Four industry trade groups and the United Steelworkers union are urging U.S. President-elect Joe Biden to keep in place tariffs and quotas on steel imports, saying that the measures are necessary ensure the viability of the U.S. steel industry.