Steel pricing remains one of the most debated topics in the industrial sector, and the recent Steel Industry News Community Poll on LinkedIn brought this debate to the forefront.
Nucor Corporation, America's largest steel producer, has maintained its hot-rolled coil (HRC) base price at $930 per short ton for the third consecutive week
Effective immediately, the Nucor CSP HRC base price for the week of April 28
th will be $930/ton for all
producing mills, except CSI, where our CSP HRC base price will be $990/ton.
South Korea’s leading steelmakers POSCO and Hyundai Steel have announced a landmark partnership to construct a $6 billion steel plant in Louisiana, aiming to circumvent US import tariffs and strengthen their foothold in the North American market. POSCO plans to invest up to a trillion won in Hyundai Steel’s 8.5-trillion-won project, which will produce carbon-free steel using hydrogen and collaborate on battery materials for Hyundai Motor’s electric vehicles. The alliance marks a significant shift from their historic rivalry, driven by mounting trade pressures from Trump-era tariffs and the need to compete with Chinese manufacturers. The plant, partly financed through equity and debt, will also involve potential participation from global steel giant ArcelorMittal, positioning the partnership as a strategic response to protectionist policies and evolving industry demands.
President Donald Trump recently announced a 90-day pause on increased tariffs for most countries, excluding China, in an effort to facilitate trade negotiations. This decision came after more than 75 countries reached out to the U.S. to discuss trade concerns without retaliating. During this pause, a 10% baseline tariff will apply to most imports, significantly lower than previously planned rates for countries like the EU and Japan. However, Trump escalated the trade conflict with China by raising tariffs on Chinese imports to 125%, citing China’s retaliatory measures and perceived disrespect to global markets. The pause led to a significant market rebound, with the S&P 500 surging over 9% following the announcement
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