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US steel industry urges further support for Leveling the Playing Field 2.0 Act
US steel producers, pipe and tube manufacturers, trade organizations and union workers gathered at Capitol Hill in Washington DC to meet with lawmakers on Wednesday July 10, urging action on legislation aimed at bolstering US trade remedy laws to curb “unfair trade practices.”
July 12, 2024
·
By Alesha Alkaff
Insights
Biden imposes ‘melt and pour’ requirement for Mexican steel, aluminium imports
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
July 11, 2024
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By Yasemin Esmen, Alesha Alkaff
Insights
Fresh proposal to amend Iranian billet, slab price assessments
After an extended consultation, Fastmarkets is launching a new proposal to amend specifications of its MB-STE-0782 steel billet export, fob ports Iran and MB-STE-0781 steel slab export, fob ports Iran assessments.
July 4, 2024
·
Insights
US scrap trends outlook: July 2024
Here are the key takeaways from market participants on scrap metal prices, market confidence, inventory and more from our July survey
July 4, 2024
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By the Fastmarkets team
Insights
Automotive sector benefitted from USMCA amid pivot toward zero-emission, hybrid vehicles: USTR
The United States-Mexico-Canada Agreement (USMCA) has positively affected the automotive sector in the four years since its implementation and automakers are increasingly investing in zero-emission and hybrid vehicles, according to the US Trade Representative (USTR)
July 3, 2024
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By Alesha Alkaff
Insights
Steel receives little love in cringe-filled US presidential debate
Steel received scant attention in the US presidential debate held on Thursday June 27 between incumbent President Joe Biden and challenger former President Donald Trump.
July 1, 2024
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By Alesha Alkaff, Rijuta Dey, Daniel Hilliard
Insights
Using low-carbon steel demand to push steel mills’ decarbonization moves: IIO 2024
A low-carbon world will still need steel that can satisfy the diverse demands of a variety of downstream sectors, Frederik Leus, of ArcelorMittal’s Xcarb Business Development section, said in an address to Fastmarkets’ International Iron Ore and Green Steel Summit, being held in Vienna, Austria, on June 25
June 26, 2024
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By Alice Li
Insights
Drop in Jan-May crude steel output in China drags down ferro-alloys markets
The decline in crude steel output in the first five months of 2024 dragged down Chinese ferro-alloys markets, including ferro-silicon and silico-manganese, sources told Fastmarkets on June 21
June 24, 2024
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By Tina Tong, Jessica Long
Insights
China pushes for lower energy consumption and carbon emissions with steel production cuts
Chinese domestic authorities are in discussions to implement tighter targets on crude steel production across the country, in a bid to reduce energy consumption and carbon emissions, Fastmarkets understands
June 20, 2024
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By Norman Fong, Jessica Zong, Zihuan Pan, Jessica Long, Alice Li, Bella Cheng
Insights
Slipping steel spot prices dent US mills’ Q2 guidance
Declining steel prices will likely dent US mills’ earnings across the board for the second quarter, Fastmarkets has learned from recent company guidance releases
June 18, 2024
·
By Daniel Hilliard
Insights
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