Steel News

Trump Tightens Up Restrictions on Brazilian Steel Imports

02 September 2020 - U.S. President Donald Trump is lowering the limits on Brazilian steel imports, reports the Reuters news service.

AISI: Steel Imports Trending Down in 2020

28 July 2020 - Steel imports into the U.S. declined nearly 21% through the first half of 2020, according to the American Iron and Steel Institute.

Alacero: Rising Import Levels Cause for Concern

20 July 2020 - Latin American steel demand fell 30% in April as the COVID-19 pandemic forced the region’s economy into a halt, but there is some indication that a recovery has started, according to Alacero, the Latin American Steel Association.

Japanese Steelmakers Might Face New Competition from China

13 July 2020 - Toyota has begun buying electrical steel from China Baowu Steel Group, a development that could mark the beginning of era in which Japanese steelmakers will have to compete with their Chinese counterparts on price in addition to quality, reports the Nikkei Asian Review.

Commerce Department Affirms Circumvention Ruling in CORE Case

09 July 2020 - The U.S. Department of Commerce has issued affirmative rulings in circumvention cases involving steel sheet made and in China and shipped elsewhere for final processing.

EU Steel Producers Disappointed by Decision on Safeguard Measure Revisions

01 July 2020 - The European Steel Association and the IndustriAll European trade union have called for an emergency meeting with EU policy makers after the bloc’s governing body declined to lower limits on steel imports.

Supreme Court Passes on Section 232 Challenge

23 June 2020 - The U.S. Supreme Court has declined to hear a challenge to President Donald Trump’s Section 232 tariffs on steel and aluminum imports, an action that leaves the controversial tariffs in place.

EU Steelmakers Push for Lower Import Limits

08 June 2020 - Europe’s leading steelmakers are calling on the European Commission to lower the limit on the amount of steel that can be imported tariff-free into the bloc, saying that a potential flood of inexpensive steel threatens an already imperiled industry.

Commerce Department Launches Circumvention Inquiry

14 May 2020 - The U.S. Commerce Department is self-initiating an inquiry into whether traders are circumventing duties on Chinese-made stainless sheet and strip by routing it through Vietnam.

Latin American Producers Caution on Potential Import Problems

14 May 2020 - Alacero, the Latin American Steel Association, is warning of a potential flood of Chinese-made steel as that country ramps its economy back up while others slog through the COVID-19 pandemic.

ArcelorMittal: China’s Excess Steel Inventory Hasn’t Hit the World Market

11 May 2020 - China so far appears to be absorbing the massive steel volumes that piled up during its COVID-19 lockdown, alleviating some of the fears that its excess steel would flood world markets, ArcelorMittal executives said.

GOES Transformer Components Focus of New Section 232 Investigation

06 May 2020 - The U.S. Commerce Department will investigate whether imports of transformer laminations and wound cores pose a national security risk to the U.S.

Coronavirus Intensifies Debate Over EU Steel Import Limits

01 May 2020 - The coronavirus pandemic has changed the backdrop of the debate over the EU’s steel import safeguard measures and will raise the stakes in a review of the measure’s import limits, reports the Bloomberg news service.

EUROFER Seeks More Stringent Import Measures

06 April 2020 - The European Steel Association (EUROFER) is calling on the European Commission to tighten steel import safeguard measures as the new coronavirus wipes out demand, reports Kallanish Commodities.

Citing Section 232 Tariffs, ATI Joint Venture Idles Finishing Mill

01 April 2020 - With no relief from the Section 232 tariffs in sight, Allegheny Technologies Inc. (ATI) will idle its Direct Roll Anneal and Pickle plant in Midland, Pa., USA, by the end of June.

U.S. Imports Fall to 10-Year Low in February

26 March 2020 - U.S. steel imports fell slightly more than 38% in February 2020, dropping to a level not seen since 2009, reports commodities news and pricing service Argus.

USMCA Clears Canadian Parliament, U.S. Targets June Implementation

18 March 2020 - Canada’s parliament has ratified the U.S.-Mexico-Canada agreement, officially bringing all of North America into the replacement NAFTA deal.

U.S. Steel Production So Far Unaffected by Virus, Mills Say

16 March 2020 - At least as of the end of last week, the coronavirus pandemic hadn’t yet impacted U.S. steel production, mill operators told S&P Global Platts.

EU to Re-Examine Protection Measure Against Steel Imports

14 February 2020 - The European Commission is undertaking another review of its safeguard measure against steel imports.

U.S. Steelmakers Hail USMCA Signing

29 January 2020 - President Donald Trump on Wednesday signed the United States-Mexico-Canada Agreement (USMCA), calling it a victory for workers, farmers and manufacturers alike.