China has unveiled a two-year work plan to stabilize its giant steel sector, setting out measures to curb overcapacity, shore up profitability and accelerate a long-term transition toward greener and more technologically advanced production.

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.

Growing reports of Chinese steel allegedly entering Brazil with mislabeled material, falsified quality grades and manipulated documentation have raised concerns among traders, importers and distributors, who warn that the practice is distorting competition, damaging reputations and putting end-user safety at risk.

Chinese exports of long steel and steel billet increased sharply in the first quarter of 2025, preventing their prices from dropping more deeply amid a slow demand recovery in the domestic market, market participants said.

The introduction of two new green longs prices will further enhance Fastmarkets’ global green steel coverage, providing a critical reference point for European steel producers and international suppliers aiming to sell green steel in Europe.  The Northen European market, particularly Nordic countries, are key consumers of green steel in Europe, hence the new premium and […]

Fastmarkets, a leading provider of pricing data, news and market intelligence for global commodity markets, is proud to announce the launch of a tonnage-weighted steel scrap price index for the Saudi Arabian domestic market.   This first-of-its-kind initiative marks a milestone in the global metals industry by providing a transparent and reliable price benchmark for Saudi […]

The ongoing US government shutdown is reshaping the steel industry as stalled federal projects, delayed contracts and budget uncertainty ripple through domestic supply chains. With infrastructure spending on hold, producers are confronting weaker demand and rising pressure across the broader manufacturing sector.

Due to the Labor Day public holiday in Turkey on Thursday May 1, these prices will be published instead on May 2, in accordance with Fastmarkets’ policy. This change was not initially noted on Fastmarkets’ 2025 pricing schedule. The pricing schedule has now been updated. The affected prices are: MB-STE-0119 steel reinforcing bar (rebar), export, fob […]

Mexico will impose tariffs on around 1,400 imported products from countries with which it does not have a trade agreement, according to Mexican government officials, in a move that industry sources say signals alignment with the US but could have “mixed effects” for the steel industry.