Lack of standardisation, certifications and market practises is creating growing uncertainty across green steel markets, with implications for pricing, procurement and credibility.

A United Auto Workers (UAW) strike at the American Axle factory in Three Rivers, Michigan, that began on Monday June 1 could lead to reduced demand for automotive steel if not resolved quickly, but analysts disagree on whether it will ultimately have a significant impact.

The newly signed Mexico-EU (EU) trade deal could signal a shift in steel trade toward the EU, but Mexican steelmakers will still prefer trade within North America, a steel producer told Fastmarkets.

USMCA-driven localization is strengthening automotive supply chains, improving resilience and reducing certain cost risks. But as production spans multiple stages across the US–Mexico corridor, OEMs need clearer visibility into how costs build across regions to maintain margin control.

European buyers were still seeking Ukrainian steel despite the recent rollout of the EU’s Carbon Border Adjustment Mechanism, but constraints on production during wartime were preventing mills from fulfilling the demand, the industry said.

Vingroup Corp subsidiary VinMetal and UK-based Primetals Technologies have signed a memorandum of understanding (MoU) on Thursday May 7 to cooperate on the development of VinMetal’s high-tech integrated steel complex in Vietnam’s Ha Tinh province, according to local media reports.

As CBAM and the EU ETS reshape cost structures across Europe’s automotive supply chains, OEMs are under growing pressure to protect margins while navigating opaque carbon pass-through.

US light vehicle production averaged 10M units per year in 2021 through 2025 with most years finishing above 10M units.

A developing El Niño weather pattern is drawing fresh attention across European metals markets at a moment when the continent‘s energy infrastructure is already under acute stress – and for producers and traders in secondary aluminium and ferrous scrap, the implications are hard to ignore.

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.