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Steel news, prices and events

Get a singular view of the global steel market

The global steel and scrap industry is recovering from the wide-reaching economic impact of Covid-19 – but the story is far from over. This insights hub helps bring the global steel market into focus by giving you access to reports, events, and news shaping the steel industry and affecting historical, current and future steel prices.

The true price of green steel

Featured report

How decarbonization will squeeze steel margins and create intense competition for raw materials and scrap.

Steel market news

  • Automotive shift to EVs draws scrutiny on steel supplier sustainability, says Arcelormittal

    The automotive industry’s shift to electric vehicles (EVs) has put the sustainability efforts of its suppliers under scrutiny, Jean-Martin Van der Hoeven, chief marketing officer of ArcelorMittal’s global automotive division, told Fastmarkets in an exclusive interview.

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  • UAE rebar, billet prices decrease slightly on discounts by mills

    Rebar and billet prices decreased slightly in the United Arab Emirates because some mills discounted their prices, sources told Fastmarkets on Tuesday November 2.

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  • Flat steel import market slow in Gulf countries; uncertainty on prices continues

    Flat steel import markets in the United Arab Emirates and Saudi Arabia were slow during the week ended Tuesday November 2 because of uncertainty over the price direction, sources told Fastmarkets.

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  • Assessing the damage: iron ore's worst quarter since 2008

    Iron ore prices continue to fall in line with production restrictions imposed by the Chinese government. When will it all end? Find out more in this exclusive article by our senior index manager Peter Hannah. 

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  • UAE’s Emirates Steel adds $23 per tonne to its rebar price

    Emirates Steel, the biggest steelmaker in the United Arab Emirates, has announced a $23-per-tonne increase for its rebar.

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  • Green steel – will US buyers ultimately pay the price?

    The pressure to reduce CO2 emissions is mounting for carbon-intensive industries, while scientists warn that we may be running out of time. 

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  • INFOGRAPHIC: Green steel hotspots to watch in Europe throughout 2022

    Fastmarkets has plotted the locations of the continuing and proposed projects for the decarbonization of the European steel sector.

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  • How China’s unwritten rules are squeezing global automakers

    Chinese government policies are not always written down or announced, and some are announced very late. These unwritten rules are having a major impact on costs along the steel supply chain, with automakers, in particular, feeling the squeeze. 

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More steel market news

  • REPORT: The American Jobs Plan and metal demand

    United States President Joe Biden’s strategic jobs plan will potentially have profound effects on commodity markets and supply chains.

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  • US mills to profit from greener steel, Department of Energy group says

    Steelmakers in the United States are poised to benefit as countries race to meet pledges to reach net-zero...

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  • REPORT: Busheling - Green future?

    The CME Group and Fastmarkets have teamed up to discuss the growing pressure on steelmakers to go green. 

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  • Iron ore price rebound doubtful amid bearish demand outlook

    Market participants are anticipating a very bearish demand outlook for the iron ore market and are doubtful of any form of price rebound until at least the first quarter of 2022.

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  • REPORT: Understanding the high-grade iron ore market

    Find out which market dynamics and pricing mechanisms are changing the high-grade iron ore segment in our exclusive whitepaper.

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  • China's stricter steel capacity swap ratios to cool overheated raw materials markets

    China’s new and stricter steel capacity swap ratios will cool the overheated steelmaking raw materials market and pave...

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  • REPORT: Echoes of 2008: Steel prices now and then 

    Get your copy of this special report comparing steel prices during the financial crisis of 2008 and the Covid-19 crisis.

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  • Get more steel news and analysis

    Don't miss our in-depth coverage of the steel markets in Asia, North America and Europe.

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Decarbonization series

The green transition is changing global steel and raw material markets. Follow our decarbonization series for an unbiased view of developments in the green steel space

  • China decarbonization could create graphite electrode shortage amid more EAF steelmaking

    China’s decarbonization drive could result in increased demand for graphite electrodes amid the global trend toward EAF steelmaking. How will this green shift impact future supply trends in this market? 

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  • Carbon offsets, trading can overcome the looming green-tax challenge

    Are carbon offsets and trading an effective and quick way to contend with a future global ecosystem of green taxes, or the green taxonomy? Read our interview with carbon specialist and Keops Consulting founder Milena López to learn more.

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  • Carbon oversupply in China could cap price surcharges

    An oversupply of emissions trading credits in China by more than 1.5 billion tonnes of carbon dioxide could cap carbon prices in the country. Read our interview with TransitionZero carbon analyst Matt Gray to learn out more.

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  • What is green steel?

    Different regions and industries may have drastically different ideas of what green steel is, how to regulate it, and how to achieve it.

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  • Green steel will be a premium product

    Steel consumers may find that they must pay the price for greener products and materials in the near future.

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  • Steel faces steep GHG emissions targets

    New policy initiatives will require domestic steelmakers to steeply reduce their greenhouse gas (GHG) emissions, which could drive up steelmaking costs significantly.

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  • Green paths may be lined with US pipe, tube

    Going “green” has suddenly become “cool” in boardrooms, where steel industry executives make million-dollar decisions every day - including in the domestic pipe and tube industry. 

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  • Paying the ‘green steel’ premium in US auto industry

    Steel producers and automakers in the United States are increasingly focused on tackling climate change challenges and reducing greenhouse gas (GHG) emissions, but it is not clear yet if automakers will shell out a premium for low-carbon steel.

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  • US construction market green enough, for now

    The domestic construction industry in the United States already uses what many consider to be the greenest steel in the world, giving steel producers little incentive to invest more in green steel technologies.

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  • Looking for answers on carbon reduction

    The steel and metals industries are entering an age of ‘green’ transformation. We uncover what today’s environmental goals mean for industrial production and future demand.

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  • Steel, partners strive for net-zero energy target

    The path to carbon neutrality complicates decisions for steelmakers having to balance margin stability alongside the deployment of new greener technologies.

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  • Solar to power CMC’s new Arizona mill

    Is the switching to scrap-based electric-arc furnace (EAF) steel production enough to get the industry to net zero emissions? The answer is probably not. 

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Featured steel prices

More than 700 steel prices give you a singular view of the global steel market

  • US HRC Daily Index

    Get your free US daily HRC price, and news and analysis. 

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  • Asia ferrous scrap prices

    Discover the latest Fastmarkets steel scrap prices and market analysis, free every week.

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