Steel leaders from throughout Latin America gathered during October 29-31 in Buenos Aires, Argentina, at Alacero Summit 2024 to learn more about the region's growing importance in the global steel market

On Thursday October 24, the US Department of Treasury and the Internal Revenue Service (IRS) released the final rules regarding the Section 45X credits under the US Internal Revenues Code. The final rules clarify definitions and confirm credit amounts for eligible components, including solar and wind energy, inverters, qualifying battery components and applicable critical minerals. […]

General Motors (GM) plans to reduce the price of electric vehicles (EVs) in the United States by expanding the range of battery chemistries it uses to include lithium-iron phosphate (LFP), its vice president of batteries, Kurt Kelty, told an annual investor’s panel on Tuesday October 8

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our October survey

The publication of Fastmarkets’ price assessments of calcined alumina on Thursday October 3 were delayed due to a reporter error. Fastmarkets’ pricing database has been updated.

The heightened importance for the steel reinforcing bar (rebar) industry was apparent to market participants immediately, and has expanded to include multiple arms of the wider construction sector, including merchant bar, beams and wire rod, according to multiple sources in the rebar and general construction markets contacted by Fastmarkets on Wednesday October 2. The Category 4 […]

The deadly storm may lead to a temporary near-to-medium-term uptick in steel prices, as scrap flows dwindle and the need for new steel soars, sources said. “[Original equipment manufacturers] and service centers will experience a boost in sales to rebuild from the hurricane,” one mill source said. “The rebuild includes new equipment like tree-trimming trucks, […]

Fastmarkets will launch a monthly price assessment for graphite flake 94% C, -100 mesh, cif US ports, $/tonne on Thursday October 3.

Here are some ways their proposed policies are aligned or differ when it comes to steel: Aligned: Both candidates support domestically-made steel Harris and Trump are both cognizant of the critical role of the steel industry in the US’ national security, infrastructure and energy industry, Kevin Dempsey, president and chief executive officer of the American […]

According to our survey of the US steel market, almost half of respondents believe it will take more than 18 months for a green steel premium to be collected in the US – here we explore the factors that could influence the speed of adoption