The Chinese steel market is expected to remain reliant on export-led growth for the rest of 2025, amid poor domestic consumption and a lack of investor confidence in the property sector, delegates were told at the Singapore International Iron Ore Forum on Wednesday May 28.

The recent doubling of Section 232 tariffs to 50%, announced by President Trump, has introduced significant uncertainty to the US steel market, with traders reporting disruptions to imports, paused domestic mill quotes and concerns over potential price increases amid modest demand. Industry participants are now assessing how the additional costs will be absorbed across the supply chain.

After a month-long consultation, Fastmarkets has amended the specification of its weekly steel slab, import, cif Italy, price assessment. To better reflect the material traded in the market, Fastmarkets has reduced the range of specified widths to 1,500-2,500 mm from 1,000-2,500 mm. The publication day of the assessment has also been changed from Friday to […]

After a month-long consultation period, Fastmarkets has amended the publication day of its weekly European steel domestic plate and import plate assessments from Wednesday to Thursday, to better align with related markets. The amended specifications are listed below (changes in italics): MB-STE-0034 Steel domestic plate 8-40mm, exw Northern Europe, €/tonneQuality: S235JR, width 2,500mm, length 12,000mm, thickness 8-40mm […]

A US court has struck down key reciprocal tariffs imposed by President Donald Trump, ruling that the International Emergency Economic Powers Act (IEEPA) does not grant unlimited tariff authority. While markets reacted positively, Section 232 duties on steel and aluminium remain in effect, prompting continued uncertainty and a likely appeal by the Trump administration.

President Trump's endorsement of the $14 billion US Steel and Nippon Steel partnership sparks hopes for innovation and economic growth in manufacturing, but labor unions raise concerns about job security and workplace conditions, leaving stakeholders eager to see how it unfolds.

The Mexico Metals Outlook 2025 conference explored challenges and opportunities in the steel, aluminum and scrap markets, focusing on tariffs, nearshoring, capacity growth and global trends.

The recent US-China agreement to temporarily reduce tariffs is a major step for global trade, with tariffs on US goods entering China dropping from 125% to 10% and on Chinese goods entering the US decreasing from 145% to 30% starting May 14. While this has boosted markets and created optimism, key industries like autos and steel remain affected, leaving businesses waiting for clearer long-term trade policies.

The US-UK trade deal removes Section 232 tariffs on British steel and aluminium, reduces automotive tariffs and sets a framework for addressing global trade issues.

Ford Motor Company will offset $1 billion of an expected $2.5 billion exposure from tariffs and remains "on track and within our original full-year guidance range of $7 billion-8.5 billion" in operating earnings for 2025, Jim Farley, president and chief executive officer, said during the automaker's first-quarter earnings call on Monday March 5.