President Donald Trump's re-election in 2024 has significant implications for the US steel industry. His "America First" policies, including tariffs and trade restrictions, are expected to shape the sector's landscape in the coming years. This article will explore the potential effects of Trump's second term on steel production, trade, and...
The steel distribution industry, a cornerstone of modern infrastructure and manufacturing, is undergoing a transformative shift with the integration of Artificial Intelligence (AI).
Effective immediately, the Nucor CSP HRC base price for the week of November 12th will be $750/ton
for all producing mills, except CSI, where their CSP HRC base price will be $810/ton.
This is a $10/ton increase from last weeks $740/ton
CLEVELAND–(BUSINESS WIRE)– Cleveland-Cliffs Inc. (NYSE: CLF) (“Cliffs”) today announced that it has received regulatory and program approvals under the Investment Canada Act and Strategic Innovation Fund, the final approvals needed to complete Cliffs’ pending acquisition of Stelco Holdings Inc. (“Stelco”). With these approvals in hand, the acquisition can move to closing. The transaction is currently scheduled to close on November 1, 2024.
POSCO, South Korea’s leading steelmaker, has announced a bold investment plan of 121 trillion won (USD 88 billion) by 2030, with a significant focus on environmental sustainability. Of this total, 45 trillion won (USD 35 billion) will be directed towards international projects aimed at emissions reduction. The company plans to allocate 29 trillion won (USD 21.2 billion) specifically for eco-friendly steel initiatives, targeting carbon neutrality, improving demand response, and recovering production capacity through innovative technologies like HyREX.
In addition to its commitment to sustainable steel production, POSCO is investing 16 trillion won (USD 12 billion) in renewable energy projects and 1 trillion won (USD 730 million) in blue hydrogen production linked to its operations. The company is also modernizing its facilities, including blast furnaces and steelmaking equipment, to boost productivity and operational efficiency. With these strategic investments, POSCO aims to lead the transition to low-carbon steelmaking while meeting the growing demand for electric vehicles and aligning with global sustainability efforts.
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