American steel company, Cleveland-Cliffs, has announced an increase in prices for hot rolled steel (HRC) to $800 per short ton. This is $50 higher than the November level of $750 per ton. The company attributed the decision to improved market conditions and increased order volumes.
More Steel News
Thyssenkrupp: expert opinion gives positive view for steel business
United States   November 25,2024 06:00 AM
An expert opinion on the financial needs of Thyssenkrupp's (TKAG.DE) crisis-hit steel division has given a positive view…
ArcelorMittal says it is delaying planned green investments in EU
United States   November 22,2024 06:00 AM
ArcelorMittal , the world's second-largest steelmaker, said on Friday it is delaying planned green investments, blaming…
European steelmakers call for restrictions on scrap exports
United States   November 15,2024 08:00 AM
European steelmakers are calling on the European Commission to limit scrap exports so that the bloc can achieve its sustainable…
Nucor raises HRC prices by $10/t
United States   November 13,2024 08:00 AM
US steelmaker Nucor has announced an increase in its weekly spot price (WSP) for hot-rolled coils by $10 per tonne compared…
Japan steel industry feels 'sense of crisis' as imports hit 10-year high
United States   November 08,2024 08:00 AM
The Japanese steel industry is feeling a "sense of crisis" as the country's steel imports for the April-September period…
Nippon Steel seeks to close US Steel deal before Trump returns to White House
United States   November 07,2024 08:00 AM
Japan's Nippon Steel (5401.T), opens new tab hopes to close its $15 billion deal to buy US Steel (X.N) by year-end before…
US Steel raises flat steel prices by $30/t
United States   October 28,2024 07:00 AM
As of October 25, the prices of hot-rolled flat products in the USA were at the level of $690-700 per short ton, and cold-rolled…
ThyssenKrupp Steel Warns of Cuts on Poor Steel Market
United States   October 11,2024 06:00 AM
German steel industry leader ThyssenKrupp Steel (TKS) recently warned that workers at the Duisburg-headquartered company…
U.S. Steel says arbitration board rules in favor of Nippon Steel's $14.9 bln buyout
United States   September 25,2024 06:00 AM
U.S. Steel (X.N) said on Wednesday the board of arbitration has ruled in favor of Nippon Steel's (5401.T), opens new tab…
US Steel core management, majority of board members will be US citizens, Nippon Steel says
United States   September 04,2024 12:00 PM
Japan's biggest steelmaker Nippon Steel (5401.T), opens new tab, which is seeking to acquire U.S. Steel (X.N), opens new…
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