American Metal Market is part of Fastmarkets

In the past year, trade policy has and continues to fuel change and dynamics in the North American steel market. Meanwhile, inflation has remained at or above 2.7% while the Fed Fund rate hovers around 2.64.

The consumer continues to bear a growing burden to keep the economy from stalling, as finished goods markets search for their own nadir, stability and potential growth paths.

The European Union’s Industrial Accelerator Act (IAA), published on Wednesday March 4, was a new step in the bloc’s efforts to decarbonize heavy industry and to support strategic supply chains in sectors such as steel, cement and aluminium.

Fastmarkets has corrected its MB-ALU-0002 alumina index, fob Australia and its inferred prices, which were published incorrectly on Friday March 13 due to a procedural lapse.

Fastmarkets will increase the frequency of its two existing CIF China port copper scrap prices and add three new grades on Monday March 16.

How Europe’s green steel production competes with the rest of the world

Jeddah in Saudi Arabia and Port of Sohar in Oman are becoming tactical workarounds for base metal exports blocked by the Strait of Hormuz closure, with cargo transiting via land-bridge to other Gulf states, such as Bahrain and the United Arab Emirates – though capacity constraints and elevated logistics costs limit availability, sources with direct visibility of Gulf supply chains told Fastmarkets.