South Korea has stepped up its efforts to support its steel sector, amid escalating tensions in the Middle East and tariff pressures elsewhere, by including the sector in a $54 billion support package for key industries in the country, Fastmarkets understands.

Fastmarkets is clarifying the publishing schedule for two Saudi Arabia steel price assessments following confirmation of the dates of the Eid al-Adha holiday.  The two price assessments affected are as follows: MB-STE-0909 – Steel reinforcing bar (rebar), domestic, delivered Saudi Arabia, riyals/tonne MB-STE-0940 – Steel billet, import, cfr Saudi Arabia, $/tonne The domestic rebar price assessment […]

Alex Kershaw unpacks the recent volatility in global scrap steel markets and what is driving price movements across key regions. From the US and Europe to Turkey and China, the discussion explores how rising energy and freight costs are lifting prices despite weak steel demand.

In this short episode of Fast Forward, Alex Kershaw, senior analyst for steel, raw materials and ferrous scrap at Fastmarkets, unpacks the recent volatility in global scrap steel markets and what is driving price movements across key regions.

As Brazil implemented protective measures against Chinese flat steel — enforcing anti-dumping duties on cold-rolled coil, coated steel, and pre-painted steel sequentially since early 2026 — China's monthly exports of finished steel to the country declined to their lowest levels since 2024, significantly reducing a market that previously consumed over 400,000 tonnes per month.

Europe's green steel ambitions were built on affordable hydrogen that hasn't materialised. Thyssenkrupp and Salzgitter delays, scaled-back supply targets, and a shift to dual-fuel DRI configurations now define the transition.

The following prices were affected: MB-STE-0892 – Steel hot-rolled coil index, domestic, exw Italy, € per tonne MB-STE-0028 – Steel hot-rolled coil index, domestic, exw Northern Europe, € per tonne. These prices are part of the Fastmarkets steel package. For more information, or to provide feedback on the delayed publication of these indices, or if you would […]

Steel energy tube and pipe prices will continue rising amid the US war with Iran and a lack of imported material, Cody Schlueter, president and owner of Port Pipe and Tube, told Fastmarkets in an exclusive interview on May 4.

US steel mills were operating in April 2026 at their highest capacity utilization rate since 2024, but because many domestic producers have gone long on contracts this year, buyers continued to report difficulty in securing tonnages of steel hot-rolled coil on the spot market.

The US domestic Galvalume price increased by $30 per ton in April despite soft end demand. The coated price boosted solely based on continuing strength in the hot-rolled coil market, sources said.