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Photo – The US is concerned about the EU’s cross-border carbon tariff
The US is concerned about the EU’s cross-border carbon tariff

American lawmakers believe that the introduction of CBAM could become problematic for the United States

Photo – The WTO recognized the US tariffs on steel and aluminum as unjustified
The WTO recognized the US tariffs on steel and aluminum as unjustified

The United States does not intend to eliminate section 232 tariffs

Photo – US and EU climate tariffs could hit China and other markets
US and EU climate tariffs could hit China and other markets

In 2021, Chinese steelmakers exported more than 3 million tons of steel to the EU

Photo – European steelmakers expect an increase in demand for HRC in early 2023
European steelmakers expect an increase in demand for HRC in early 2023

On the Asian and American markets, prices for hot-rolled coils increased

Photo – US and EU consider new climate tariffs on Chinese steel — Bloomberg
US and EU consider new climate tariffs on Chinese steel — Bloomberg

China accounts for more than 60% of world steel production

Photo – The USA increased steel imports by 3.7% y/y in January-October 2022
The USA increased steel imports by 3.7% y/y in January-October 2022

Imports of finished steel products to the US for 10 months of 2022 increased by 19.1% year-on-year

Photo – US steel prices may return to pre-pandemic level
US steel prices may return to pre-pandemic level

American steelmakers believe that the HRC price at the beginning of 2023 will be lower than $650/t

Photo – Steelmakers call for global emission control standard
Steelmakers call for global emission control standard

Thus, the world steel sector plans to achieve the decarbonization of industry by 2050 and satisfy the demand for green steel

Photo – US steelmakers expect growth in demand for steel in 2023
US steelmakers expect growth in demand for steel in 2023

The automotive sector and infrastructure projects are considered to be market drivers

Photo – IREPAS notes the low demand on the world market for long products
IREPAS notes the low demand on the world market for long products

The association gives a negative forecast for the fourth quarter of 2022 and the beginning of 2023

Photo – US Steel notes the drop in demand for steel in Europe due to the war in Ukraine
US Steel notes the drop in demand for steel in Europe due to the war in Ukraine

In the third quarter, the European company US Steel Kosice reduced steel production by 26% y/y

Photo – The USA increased steel imports by 4.4% y/y in January-September 2022
The USA increased steel imports by 4.4% y/y in January-September 2022

The import of finished steel products to the USA for the 9 months of 2022 increased by 22.5% year-on-year

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