This consultation, which was open until April 30, sought to ensure that our methodologies continue to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. The price under review was:MB-IRO-0004 […]

US steel mills were operating in April 2026 at their highest capacity utilization rate since 2024, but because many domestic producers have gone long on contracts this year, buyers continued to report difficulty in securing tonnages of steel hot-rolled coil on the spot market.

The US domestic Galvalume price increased by $30 per ton in April despite soft end demand. The coated price boosted solely based on continuing strength in the hot-rolled coil market, sources said.

Fastmarkets’ April 2026 revision to its global crude steel production forecast underscores how policy actions, geopolitical disruptions and cost pressures are reshaping the near-term steel supply outlook.

The Philippines’ steel industry is entering an inflection point, with the market gradually evolving from import reliance toward a more balanced and supply-secure growth trajectory supported by domestic investment and capacity expansion.

US steelmakers faced a “robust opportunity” in the data center construction boom, driven by rapid implementation of artificial intelligence software, according to Barry Zekelamn, executive chairman and chief executive officer of Zekelman Industries.

Fastmarkets invited feedback from the industry on its pricing methodology and product specifications for ferrous metals, as part of its announced annual methodology review process. The consultation, which was open until April 2, sought to ensure that our methodologies continue to reflect the physical ferrous metals markets, in compliance with the International Organization of Securities Commission […]

Steel markets in Gulf Cooperation Council (GCC) countries are facing a growing supply crisis for steel and raw materials after the month-long regional conflict paralyzed shipping.

The Canada HRC hot-rolled price hovered around C$55 ($40) per hundredweight as market participants reacted with dismay to new US policies that affect the way tariffs are calculated on derivative metals products.

Logistics disruptions, sharply higher freight costs and limited raw materials supply are among the main impacts from the ongoing conflict between the US, Israel and Iran on the Middle East's steel market, Asam Hussain, the chief executive officer of Arabian Gulf Steel Industries (AGSI), told Fastmarkets on Wednesday April 1.