Fastmarkets has corrected its daily steel hot-rolled coil index, fob mill US, which was published incorrectly on Wednesday March 25 due to an editorial error.

Following a consultation period and market feedback, Fastmarkets will not discontinue its biweekly imported steel plate price assessment.

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%

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

Fastmarkets invited feedback from the industry in an open-consultation process on the pricing methodology for the following assessments: steel cold-rolled coil, fob mill US; steel hot-dipped galvanized coil (cold-rolled base), fob mill US; and steel cut-to-length plate carbon grade, fob mill US.

After a 30-day consultation period, Fastmarkets has amended the publication day of the weekly US steel cut-to-length plate price assessment from Fridays to Tuesdays.

Hot-rolled coil prices in the United States remained above $74 per hundredweight in the second week of April, with steady demand for spot material and restricted supply bolstering the hot-band price

Fastmarkets is inviting feedback from the industry on its pricing methodologies for its Northern Europe and United States hot-rolled coil indices as part of its annual methodology review process.

Fastmarkets is inviting feedback from the industry on the pricing methodologies for the following assessments: steel cold-rolled coil, fob mill US; steel hot-dipped galvanized coil (cold-rolled base), fob mill US; and steel cut-to-length plate carbon grade, fob mill US.