The steel price decline is beginning to slow. Europe’s steel industry is being hit hard by the ongoing energy crisis. Many steel mills have either had to curb production or halt operations altogether.
U.S. stainless steel mills have managed to implement significant price increases, driven by factors like increased tariffs, even as overall demand remains weak and the manufacturing sector contracts.
President Donald Trump signed an executive order imposing 25% tariffs on imports of steel and aluminum. Steel stocks rose Monday ahead of the order. The prospects of higher prices are why. Car stocks, ...
President Donald Trump announced on Friday that he will raise tariffs on steel imported into the United States from 25% to 50%, aiming to further protect American steelworkers. Speaking at a U.S.
Analysts at Citi crunched the numbers on what a 25% tariff on steel and aluminum imports would mean. They point out the U.S. imports about 25% of its steel supply, of which 80% is tariff free due to ...
The Zacks Steel Producers industry is buffeted by significant challenges as steel prices have experienced a sharp decline in the United States and globally. Soft demand in China amid an economic ...
Economic turmoil is causing inflation to keep rising at key ship recycling destinations, says cash buyer GMS. Global steel prices are ...
The steel industry hit a speed bump after a bumper 2021 as steel prices cooled off after catapulting to all-time highs last year. The pullback is partly due to the improved supply-side situation ...
The Zacks Steel Producers industry faces headwinds from a pullback in steel prices amid cautious buyer activity. Soft demand in China, amid economic weakness and a slowdown in the automotive sector, ...
U.S. prices of steel and aluminium spiked on Monday while shares of foreign steelmakers slumped after U.S. President Donald Trump said he would double tariffs on imports of the two metals to 50 ...
In a 22-story tower on the edge of Manhattan’s bustling financial district, top officials of the U.S. Steel Corp. waited one day last week for a final figure to guide them in fixing the twelfth ...