China’s manufacturing sector is overtaking its construction sector in driving the country’s demand for steel, in a shift that is expected to benefit flat steel products more than long steel ones, an industry expert said at an industry conference on Friday March 22

The US could get a new primary aluminium smelter, investments in copper recycling and projects to decarbonize iron and steelmaking as part of a $6 billion government package announced on Monday, March 25

Mercedes-Benz has signed its second deal with a major US steel producer to supply greener steel in hopes of reaching decarbonization goals by the year 2039, the German automaker announced on Wednesday March 20

Steelmakers in Colombia have called on their government to follow in the footsteps of Mexico and Brazil and significantly increase import duties to curtail arrivals of wire rod from China and elsewhere

Nippon Steel’s proposed $14.9-billion purchase of US Steel (USS) could face additional challenges, with US President Joe Biden publicly cementing his opposition to the already heavily criticized deal

The United States steel industry lauded the most recent legislation introduced in Congress to clamp down on the surge of Mexican steel imports, which represents a bipartisan bid to the Biden Administration to hold Mexico accountable for the surge in steel imports, sources told Fastmarkets on Tuesday March 12.

Weak demand in both the UK domestic and export steel scrap markets has created a glut of supply and brought a raft of cheaper offer prices into British steelmakers for monthly delivery settlements in March, trade sources told Fastmarkets in the week ended Tuesday March 12

The ferro-alloys sector in China has shown a muted response to the country’s economic targets set for 2024 and laid out in the government work report released by Premier Minister Qiang Li on Tuesday March 5 in Beijing, industry sources have told Fastmarkets

What is the outlook for key raw materials in the construction industry in 2024, including steel, scrap, aluminium and lumber?

Market participants seem to have abandoned expectations of a “Golden March and Silver April” in China’s ferrous market due to a slow restart of construction, as well as maintenance of steelmaking facilities planned for March, sources told Fastmarkets