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The steel industry underpins the global economy. It is deeply intertwined with other industries like automotive, construction and energy – making it subject to risks and opportunities from multiple directions. Decarbonization initiatives also have significant implications for anyone buying, selling or trading in steel markets. These risks include shifts in international competitiveness and the financial risk associated with carbon pricing and regulations. On 8 June, Fastmarkets launched a suite of green steel prices to bring clarity and support investment decisions needed to reduce emissions.
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US steel mills were operating in April 2026 at their highest capacity utilization rate since 2024, but because many domestic producers have gone long on contracts this year, buyers continued to report difficulty in securing tonnages of steel hot-rolled coil on the spot market.
The US domestic Galvalume price increased by $30 per ton in April despite soft end demand. The coated price boosted solely based on continuing strength in the hot-rolled coil market, sources said.
Fastmarkets’ April 2026 revision to its global crude steel production forecast underscores how policy actions, geopolitical disruptions and cost pressures are reshaping the near-term steel supply outlook.
The Philippines’ steel industry is entering an inflection point, with the market gradually evolving from import reliance toward a more balanced and supply-secure growth trajectory supported by domestic investment and capacity expansion.
US steelmakers faced a “robust opportunity” in the data center construction boom, driven by rapid implementation of artificial intelligence software, according to Barry Zekelamn, executive chairman and chief executive officer of Zekelman Industries.
Steel markets in Gulf Cooperation Council (GCC) countries are facing a growing supply crisis for steel and raw materials after the month-long regional conflict paralyzed shipping.
Fastmarkets’ mission is to meet the market’s data requirements honestly and independently, acting with integrity and care to ensure that the trust and confidence placed in the reliability of our pricing methodologies is maintained.
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