The Biden administration issued a statement today regarding a “renewed transatlantic partnership” with the European Union, following a summit between US President Joe Biden and EU leaders. In addition to addressing COVID-19 and climate change-related cooperation, the statement said the US is committed to growing US-EU trade while upholding and reforming the rules-based multilateral trading […]
Brazilian iron ore producer CSN Mineração, the mining arm of local steelmaker Companhia Siderurgica Nacional (CSN), should keep a strong cash generation due to high iron ore prices, according to analysts at Credit Suisse. A media report by Valor citing Credit Suisse said demand for iron ore should remain high, which would also sustain a […]
Brazilian steel consumption this year is expected to increase 15 percent, year-over-year, according to data released by the Brazilian Steel Association, IABr. According to a media report, IABr upgraded the growth of domestic steel consumption this year from 5.8 percent to 15 percent. The estimate was presented this week to Brazil’s president, Jair Bolsonaro, and […]
Mexican industrial output in April rose 35.7 percent, year-over-year, but dropped 0.2 percent, month-over-month, according to data released by statistics agency Inegi. Industrial output in the mining segment in April increased 5.6 percent, year-over-year. Likewise, industrial output in the civil construction and manufacturing segments in April improved 44.6 percent, and 50.2 percent, both year-over-year. Industrial […]
The US Census Bureau announced the combined value of distributive trade sales and manufacturers’ shipments for April, adjusted for seasonal and trading day differences but not for price changes, was estimated at $1,621.1 billion, up 0.6 percent (±0.1 percent) from March 2021 and was up 40.0 percent (±0.6 percent) from April 2020. Manufacturers’ and trade […]
According to export data from the US Department of Commerce, US exports of cold rolled sheet totaled 51,149 mt in April 2021, down 2.0 percent from March but up 110.3 percent from April 2020 levels. By value, CRC exports totaled $58.5 million in April, compared to $54.8 million in the previous month and $23.3 million […]
According to final census data from the US Department of Commerce, US imports of hot rolled bar totaled 61,393 mt in April 2021, up 1.4 percent from March and up 38.7 percent from April 2020 levels. By value, hot rolled bar imports totaled $60.7 million in April 2021, compared to $58.7 million in March and […]
Miscalculations in the official document sent by the European Commission to the World Trade Organization, proposing to extend steel safeguards by three years, have attracted the attention of market players and raised questions. On a table showing import volumes and import shares, the 2018 and 2020 data are understood to have been misplaced, resulting in […]
Luxembourg-headquartered international steel pipe producer Tenaris has announced that it has started steel production at its first melt shop in Koppel, Pennsylvania, US. The melt shop will soon supply steel bars for the company’s seamless pipe mills in the US and Canada. The steel shop in Koppel, part of the company’s strategic acquisition of steel pipe […]
After a lightning strike resulting in a fire disrupted operations at German flat steel producer Salzgitter Flachstahl GmbH (SZFG) recently, Boğaç İlter, the company’s agent in Turkey, said that the company “is intensively carrying out the necessary repair measures and is implementing a multi-group company approach to mitigate the impact on all customers”. The company […]
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