American Metal Market is part of Fastmarkets

Fastmarkets has corrected its MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, which was published incorrectly on Friday March 7.

Fastmarkets’ weekly price assessment for steel billet import, cfr main port Turkey was published incorrectly as $450-490 per tonne on March 6. This has been corrected to $455-490 per tonne. Fastmarkets’ pricing database has been updated to reflect this change. This price is part of the Fastmarkets physical steel package. For more information or to provide feedback […]

Trump’s steel tariffs aim to boost the US steel industry by taxing imported steel and encouraging domestic production. The goal is to make U.S. steel more competitive globally while addressing national security and trade concerns. However, the tariffs have caused international tension, reshaping trade ties and raising questions about costs for U.S. businesses relying on steel imports.

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our January survey.

US President Donald Trump’s address to Congress on Tuesday March 4 contained key strategic policy objectives that will have a direct impact on global metals markets. Fastmarkets takes a high-level view of the key strategies below: “They tariff us…we will tariff them.” The Trump administration will introduce reciprocal tariffs on all countries that levy duties […]

Tariffs on steel and aluminum will raise US car prices, increase production costs, and squeeze profit margins. Smaller car companies may struggle to compete, while retaliatory actions could disrupt the global auto market, reshaping manufacturing and trade industry-wide.