American Metal Market is part of Fastmarkets

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.

Trump’s tariffs on Canadian and Mexican metals have introduced significant instability to the U.S. metals sector. The 25% tariffs, coupled with retaliatory measures from Canada and Mexico, have fuelled price volatility, supply chain disruptions, and operational uncertainty across multiple industries. These trade policies are reshaping global market dynamics as stakeholders brace for long-term impacts on steel, aluminium, copper, and other metal commodities.

The MB-STE-0558 steel billet index export, fob Black Sea, CIS was published at 3:32pm London time instead of the scheduled time of 4pm. The data submission window had already closed, and the data collection and price assessment were not affected by the early publication. This price is a part of the Fastmarkets steel package. For more information, […]