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Trump doubles tariffs on Canadian steel and aluminium to 50% amid trade clash
President Trump has threatened to double tariffs on Canadian steel and aluminium to 50%, potentially escalating tensions in US-Canada trade relations. If implemented, this move could have significant economic consequences and may prompt retaliatory actions from Canada. The article examines the potential implications of this tariff hike and its impact on the steel and aluminium industries, as well as the broader trade dynamics between the two nations.
March 11, 2025
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By Robert England
Insights
Launch of three aluminium import premiums for Mexico
Fastmarkets is launching assessments of the MB-AL-0407 aluminium P1020A premium, cif Mexico, and the MB-AL-0406 aluminium 6063 extrusion billet premium, cif Mexico, on Tuesday March 11, and will also launch an assessment of the MB-AL-0408 aluminium low-carbon differential P1020A, cif Mexico, on Tuesday March 25. After a consultation period, Fastmarkets is launching assessments of the three […]
March 11, 2025
·
By Leticia Simionato
Insights
March-April rains needed in Turkey amid increasing drought fears, TMO says
Turkey has reason to be cautious and should hope for rain in March and April if grain production is to be maintained in the country, an international conference in Dubai heard on Thursday, February 20. The warning came from the general manager of the Turkish Grain Board (TMO), Ahmet Güldal, speaking at the Intercontinental Commodity […]
March 11, 2025
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By the Fastmarkets team, Masha Belikova, Karim El-Afany
Insights
Decision to amend settlement date of US stainless scrap consumer assessments
The decision to amend the date of publication follows overwhelmingly positive feedback during the 30-day consultation period, which began on February 7 and ended on March 7, 2025. Previously, the five stainless scrap price assessments were settled on the 10th of each calendar month in line with the publication deadline for the US ferrous scrap settlement, […]
March 10, 2025
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By Amy Hinton
Insights
Delayed publication of Fastmarkets’ Steel scrap No1 busheling, delivered mill Chicago assessment on Monday, March 10
This price is part of the Fastmarkets Scrap package. For more information on Fastmarkets North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.
March 10, 2025
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By Amy Hinton
Insights
Delay to domestic North American ferrous scrap settlement for March
Fastmarkets typically settles these markets on or before the 10th of the month, but will be delaying publication due to delays in settlements. The markets not settled by Monday include: To provide feedback on this notice, please contact Amy Hinton by email at pricing@fastmarkets.com. Please add the subject heading: “FAO: Amy Hinton, re: scrap prices.” Please […]
March 10, 2025
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By Amy Hinton
Insights
Open consultation on US/Canada lithium price assessments
The consultation, which is open until Friday April 4, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for in compliance with the IOSCO principles for PRAs. This includes all elements of our pricing process, our price specifications and publication frequency. The prices subject to this review are […]
March 10, 2025
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By Grace Asenov
Insights
Does the US really need Canadian wood products supply?
The tariff drama as President Trump enters his second term of office has occupied much of the energy of financial markets and business leaders. The 25% levies on all goods from Canada and Mexico implemented on March 4 are sending ripple effects throughout the entire forest products industry, given the level of industry integration and […]
March 10, 2025
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By Dustin Jalbert
Insights
Delayed publication of alloy-grade, standard-grade, hydroxide cobalt prices
MB-CO-0004 Cobalt alloy grade, in-whs Rotterdam, $/lb MB-CO-0005 Cobalt standard grade, in-whs Rotterdam, $/lb These prices are a part of the Fastmarkets minor metals package. Additionally, the publication of Fastmarkets’ MB-CO-0023 cobalt hydroxide, min 30% Co, inferred, China price for Monday March 10 was delayed because of an administrative error. Fastmarkets’ pricing database has been updated. MB-CO-0023 cobalt […]
March 10, 2025
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By Xiaoying Du
Insights
Liontown won’t stay a single-asset lithium producer, CEO says | Hotter Commodities
Liontown Resources is turning its mind to dealmaking to expand its focus beyond its Kathleen Valley lithium mine in Australia, the company’s chief executive officer told Fastmarkets.
March 10, 2025
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By Andrea Hotter
Insights
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