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US contractors reject Biden’s ‘Buy America’ guidelines
US construction contractors from the Associated General Contractors (AGC) of America are criticising President Joe Biden’s guidelines requiring the use of domestic steel for federal infrastructure projects. According to the AGC, the tightening of the Buy America...
Steel: Mariupol plants suffer further damage
Metinvest’s steel plants in Mariupol have suffered further damage as a result of fighting between Ukrainian and Russian military forces. On Friday, Russian Defense Ministry representative Igor Konashenkov said that Moscow forces and units of the self-proclaimed...
Steel: China’s steel demand slows in April
Steel demand in China is expected to continue to decline in April as deteriorating property sales weigh on domestic steel markets. The liquidity crisis facing property developers could extend into much of 2022, undermining Chinese steel demand for this year....
Steel: demand to rise by only 0.4% in 2022 and 2.2% in 2023
The Short Range Outlook, published on 14 April by the World Steel Association, forecasts that steel demand will rise by 0.4% in 2022 to 1.84 billion tonnes and grow by a further 2.2% in 2023 to 1.88 billion tonnes. Steel demand rose 2.7% in 2021 to 1.83 billion as...