Recycling metal is taking on an ever-larger role at the heart of Saudi Arabia's rapid industrial transformation, recycling giant Al Qaryan Group's Ferrous Commercial Director Ahmed Khadr told Fastmarkets in an exclusive interview in August.

ArcelorMittal Long Products Canada filed a $2.77 million claim in federal court in Peoria, Illinois against Liberty Steel & Wire Monday August 25 for unpaid purchases of billet shipped to Liberty’s Georgetown, South Carolina facility from September 2023 to the plant’s closing in April 2024.

Vietnam and Brazil were the most impacted by the US Department of Commerce’s final affirmative determination in the anti-dumping duty (AD) and countervailing duty (CVD) investigations of corrosion-resistant steel products (CORE) from ten countries.

The publication of two inferred prices for Monday August 25 were delayed because of procedural errors.

The publication of Fastmarkets’ European heavy plate price assessments was delayed by 51 minutes. The prices impacted by the delayed publication were the following: MB-STE-0034 Steel domestic plate 8-40mm, exw Northern Europe, €/tonne MB-STE-0035 Steel domestic plate 8-40mm, exw Southern Europe, €/tonne MB-STE-0049 Steel plate (8-40mm) import, cfr main port Northern Europe, €/tonne MB-STE-0050 Steel plate (8-40mm) import, cfr […]

New steelmakers in Southeast Asia are embracing hydrogen-based DRI, electric arc furnaces and renewable energy to advance green steel production and counter oversupply pressures, reshaping both market competition and raw material demand.

Steel’s future is being forged in a crucible of competing demands. As the global push for greener production gains momentum, today’s market continues to favor low-cost, lower-grade ores. This “iron ore paradox” puts producers, investors and policymakers at a pivotal intersection. While economic realities make lower-grade ores attractive now, the industry can’t ignore the drive to decarbonize steel production. 

Steel prices in the US would be weaker if not artificially propped up by trade tariff pressures as underlying demand is depressed, several market participants told Fastmarkets on Friday August 8.

Fastmarkets has corrected the rationale for its MB-STE-0028 daily steel HRC index, domestic, exw Northern Europe that was published incorrectly on Thursday August 7. The first paragraph was erroneously written as “Fastmarkets’ calculation of the daily steel HRC index, domestic, exw Northern Europe, was €576.25 ($661.17) per tonne on August 7 up by €4.17 from […]

Discover how the US-Japan trade deal is reshaping the auto and steel industries, with insights on tariffs, production shifts, and market competition