American Metal Market is part of Fastmarkets

India may become increasingly absent from the global seaborne steel markets following the introduction of an export duty at a rate of 15% on a raft of steel products, sources told Fastmarkets

China’s hot-rolled coil prices dipped on Monday May 23, with market sentiment subdued by persistent concerns over demand

India has started to impose a 15% export duty on iron and steel products and raised the export duty on steelmaking raw materials such as iron ore to 50%

Ukraine will likely turn into a net importer of steel once the war situation eases and reconstruction efforts start, Stanislav Zinchenko, chief executive of Ukraine-based think tank GMK Center, said at the Singapore Steel Forum on Thursday May 19

Ukrainian steelmakers, particularly Metinvest and Interpipe, have welcomed the decision by the United States to suspend Section 232 tariffs of 25% against imports of steel from the country for one year

Flat-rolled steelmakers have more than 13 million short tons of new production capacity planned or under construction in the United States, but analysts do not foresee a glut depressing the market significantly in 2022