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

Fastmarkets’ SBQ price assessments and monthly forecast provide much-needed clarity and a benchmark for buyers in the steel industry to use for planning and negotiation.

American Chambers of Commerce (Amcham) across Latin America are calling for urgent negotiations to prevent the escalation of trade tensions between their countries and the US, following the announcement of sweeping 50% tariffs by President Donald Trump.

China’s push for greener ferro-alloy production has revealed a significant divide between its northern and southern regions due to contrasting access to clean energy, supply and demand dynamics and regulatory environments, according to market participants.

Fastmarkets proposes to amend the specifications of its weekly price assessment for MB-STE-0037 steel rebar domestic exw Italy to better reflect the material traded in the market.

Key talking points from the 75th anniversary event of European steel distributors’ association Eurometal, held July 2-3 in Luxembourg and attended by Fastmarkets.