Policymakers in Europe need to follow a “steel action plan” to a avert a crisis in steelmaking, the European steel industry association Eurofer said this week

ArcelorMittal officially opened on Wednesday November 13 the expansion of its galvanizing line at the Vega unit, in southern Brazil, aiming to increase the supply of higher value-added materials in the country amid an expectation of reduced imports, executives said.

A California federal jury has issued a $110 million anti-trust verdict against Commercial Metals Company on November 5, finding the Texas-based rebar producer liable for multiple anti-trust violations, while awarding Pacific Steel Group (PSG) millions of dollars due to lost profits and additional damages.

Steelmakers that lag behind in decarbonization will be first to be phased out after green steel capacity rises to meet future demand, a senior advisor from a major Chinese steel company told delegates at the China Steel Industry Summit for 2025.

On Friday November 8, 2024, Fastmarkets published MB-STE-0232 Steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton.

A trade group representing the US steel industry and a selection of executives with exposure to the automotive sector have highlighted their needs for the incoming second administration of new president-elect Donald Trump.

Steel market participants in both the North and Latin American markets are keeping tabs on the impact of trade relations with China in the aftermath of Donald Trump’s victory in the 2024 US presidential elections.

Cleveland-Cliffs expects 2025 to be a strong year for the company, citing decreasing interest rates, certainty after the US elections and an increase in manufacturing onshoring, top executives said in the company’s third-quarter earnings call on Tuesday November 5.

The polls officially opened in the US on Tuesday November 5 for the presidential election pitting incumbent Vice President Kamala Harris and former President Donald Trump.

Asian steel hot-rolled coil prices have had difficulty rising in recent weeks due to a number of major themes in the market, sources told Fastmarkets.