Steel News
The latest shipment data highlights continued momentum in the U.S. steel industry.
The project is intended to help Hyundai Motor Group strengthen its steel competitiveness in the United States, respond to tariffs and build a more stable supply chain for its U.S. auto operations.
Among the major producing regions, the Southern district remained the largest contributor with 832,000 net tons.
The plant is set to have an annual production of 1.5Mt of flat steel products per year. It is designed to utilise fossil-fuel-free energy throughout the production process.
POSCO Holdings attributes its expected performance to the reflection of price increases in the steel sector and a potential easing of cost pressures.
According to the Brazilian government, the EU has introduced new quantitative restrictions on steel products and raised tariffs on imports that exceed the established quotas.
Under the updated rules, tariff-free import quotas have been reduced, while duties on steel imported beyond those limits have increased.
The steel will be used by the Army, Marine Corps, Navy, Air Force, and Space Force. Funding comes from fiscal 2025 through 2029 transaction funds.
Tenaris has invested approximately $150 million in the two facilities since acquiring them in 2020.
Chief Executive Officer Rajat Marwah said the company delivered a solid quarter, mainly driven by record plate sales and the continued ramp-up of its first electric arc furnace (EAF).
The rules, which come into effect on Wednesday, seek to increase steel capacity utilization in the bloc to 80%, the Commission said.
Regionally, the Southern district continued to lead U.S. steel output with 828,000 net tons, followed by the Great Lakes at 498,000 net tons.
But one important detail went unmentioned: The new plant may be the lowest-carbon iron and steel mill the United States has ever built.
The estimated finished steel import market share reached 17% in May, bringing the year-to-date average to 16%.
Astuto also cited the green and digital transition, research cooperation and artificial intelligence as key areas for future collaboration.
The project also includes upgraded employee facilities and the addition of a virtual reality training center designed to improve workforce development and safety.
The steepest decline was recorded in the Middle East, where crude steel production dropped 19.4% year-on-year to 3.9 Mt.
Steel-town residents and environmental activists have long pushed to clean up Indiana’s mills, of which three remain along the shores of Lake Michigan.
Adjusted raw steel production through June 20, 2026, reached 44.395 million net tons, representing a 6.1% increase compared with 41.828 million net tons produced during the same period in 2025.
Last week, Nucor officials confirmed the project remains on schedule, with construction expected to be completed later this year.
The choice of Midrex technology is driven by its energy efficiency and alignment with customers’ modern environmental objectives.
As vice president of United Steelworkers Local 1219, which represents Edgar Thomson’s workers, Jackson said it’s not the first time he’s heard U.S. Steel tout vast investments.
The guidance reflects improved performance across Nucor’s core business segments.
Steel Dynamics Inc. repurchased $170 million worth of shares during the quarter.
To capitalise on the strong pricing environment, U.S. Steel resumed an idled Illinois blast furnace in March and is now running it at full capacity.