Mark Shenk

Steel reporter
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Steel consumers may find that they must pay the price for greener products and materials in the near future
Steelmakers in the United States and the United Steelworkers (USW) union warned that a potential US accord with the European Union to end the dispute resulting from the former President Donald Trump administration’s Section 232 steel and aluminium tariffs could boost imports from Europe and hurt the domestic industry.
Steelmakers in the United States are poised to benefit as countries race to meet pledges to reach net-zero carbon dioxide (CO2) emissions, according to the director of the US Department of Energy’s National Energy Technology Laboratory (NETL).
Reports that the United States and European Union plan to resolve the dispute arising from the Trump administration’s Section 232 steel and aluminium tariffs by November 1 have elicited mostly positive comments from steel market participants.
While the Biden administration has reversed multiple Trump-era policies, it has not been in any rush to revise the Section 232 tariffs. That might change, however, with the European Union on the verge of escalating retaliatory tariffs on US products, according to market participants.
US President Joe Biden’s $2-trillion infrastructure and jobs package is being applauded by domestic steelmakers and the United Steelworkers union.
The Coalition of American Metal Manufacturers and Users (Cammu) claims that United States Commerce Secretary Gina Raimondo was mistaken about the success of the Section 232 steel and aluminium tariffs, and reiterated its call for their termination.
North Star BlueScope’s expansion of its electric-arc furnace (EAF) operations in Delta, Ohio, are proceeding as scheduled and should come online by the end of the first half of 2022, parent company BlueScope Steel said.
Hot-rolled coil prices in the United States have fallen by nearly $20 per short ton ($1 per hundredweight) one day after reaching an all-time high, while buyers weighed the risks of purchasing material at these levels.
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