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Correction to steel billet import, cfr main port Turkey price on March 6

Fastmarkets’ weekly price assessment for steel billet import, cfr main port Turkey was published incorrectly as $450-490 per tonne on March 6. This has been corrected to $455-490 per tonne. Fastmarkets’ pricing database has been updated to reflect this change. This price is part of the Fastmarkets physical steel package. For more information or to provide feedback […]

March 6, 2025
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By Cem Turken

Insights
Uncertainty surrounding US, Russia and Ukraine relations

The US-Ukraine mineral partnership deal has stalled due to security concerns, leaving future negotiations uncertain despite Ukraine's critical role in global mineral supplies. Meanwhile, President Trump has imposed tariffs on Canada, Mexico, and China and launched a copper import investigation to address national security risks and reduce reliance on foreign resources.

March 6, 2025
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By Amy Bennett

Insights
War, uncertainty fuel rising demand for defense-critical metals: Part 2

In the second of a two-part series, Fastmarkets digs into the impact of global conflict on critical material supply chains.

March 6, 2025
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By Claire Patel-Campbell, Solomon Cefai, Jessica Long, Julienne Raboca

Insights
Trump’s trade policies and their role in boosting US steel industry competitiveness

Trump’s steel tariffs aim to boost the US steel industry by taxing imported steel and encouraging domestic production. The goal is to make U.S. steel more competitive globally while addressing national security and trade concerns. However, the tariffs have caused international tension, reshaping trade ties and raising questions about costs for U.S. businesses relying on steel imports.

March 6, 2025
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By Alesha Alkaff

Insights
US scrap trends outlook: March 2025

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

March 6, 2025
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By the Fastmarkets team

Insights
How to read President Trump’s Congressional address: metal edition

US President Donald Trump’s address to Congress on Tuesday March 4 contained key strategic policy objectives that will have a direct impact on global metals markets. Fastmarkets takes a high-level view of the key strategies below: “They tariff us…we will tariff them.” The Trump administration will introduce reciprocal tariffs on all countries that levy duties […]

March 5, 2025
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By Dan Hilliard, Amy Hinton

Insights
Pending tariffs could raise US car prices while potentially ‘fortifying’ the industrial base

Tariffs on steel and aluminum will raise US car prices, increase production costs, and squeeze profit margins. Smaller car companies may struggle to compete, while retaliatory actions could disrupt the global auto market, reshaping manufacturing and trade industry-wide.

March 5, 2025
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By Robert England

Insights
Trump’s tariffs on Canada and Mexico rile up the US metals sector

Trump’s tariffs on Canadian and Mexican metals have introduced significant instability to the U.S. metals sector. The 25% tariffs, coupled with retaliatory measures from Canada and Mexico, have fuelled price volatility, supply chain disruptions, and operational uncertainty across multiple industries. These trade policies are reshaping global market dynamics as stakeholders brace for long-term impacts on steel, aluminium, copper, and other metal commodities.

March 5, 2025
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By Mark Burgess, Amy Hinton, Kirstyn Petras, Dan Hilliard, Rae Boyadjis, the Fastmarkets team

Insights
Proposal to amend specification of graphite spherical assessment

Following an initial consultation with the market, and a review of typical data sets that are collected over the recent months, Fastmarkets proposes to include a wider range in the specification to better reflect evolving market dynamics. The proposed new specifications are listed below, with the proposed amendment in italics: MB-GRA-0036 graphite spherical 99.95%, 15-17 microns, […]

March 5, 2025
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By Venus Wang

Insights
Early publication of steel billet index, Black Sea

The MB-STE-0558 steel billet index export, fob Black Sea, CIS was published at 3:32pm London time instead of the scheduled time of 4pm. The data submission window had already closed, and the data collection and price assessment were not affected by the early publication. This price is a part of the Fastmarkets steel package. For more information, […]

March 4, 2025
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By Vlada Novokreshchenova

Insights

Top stories across markets

Base metals market update May 2025

Read Fastmarkets’ monthly base metals market for May 2025 focusing on raw materials including copper, nickel aluminium, lead, zinc and tin.

May 21, 2025

By: the Fastmarkets team

What is Sustainable Aviation Fuel (SAF) and how does it fit into the renewable energy supply chain?

Fastmarkets is due to launch a new European based sustainable aviation fuel price, but what is the significance of this renewable energy?

May 20, 2025

By: Timothy Worledge

Brazilian flag waving against a clear blue sky

Brazil’s potential 7 million-tonne share in China’s DDG market

Brazil could reach a share of as much as 7 million tonnes per year in China’s distillers dried grains (DDG) and distillers dried grains with soluble (DDGS) markets following an agreement between the two countries that allows Brazilian exports, according to the National Union of Corn Ethanol (Unem).

May 20, 2025

By: the Fastmarkets team

Five key factors in the outlook for the US housing market 2025

Learn about the future of housing as experts discuss market conditions, builder challenges and strategies for success.

May 20, 2025

By: Jennifer Coskren

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