A US court has struck down key reciprocal tariffs imposed by President Donald Trump, ruling that the International Emergency Economic Powers Act (IEEPA) does not grant unlimited tariff authority. While markets reacted positively, Section 232 duties on steel and aluminium remain in effect, prompting continued uncertainty and a likely appeal by the Trump administration.

President Trump's endorsement of the $14 billion US Steel and Nippon Steel partnership sparks hopes for innovation and economic growth in manufacturing, but labor unions raise concerns about job security and workplace conditions, leaving stakeholders eager to see how it unfolds.

The Mexico Metals Outlook 2025 conference explored challenges and opportunities in the steel, aluminum and scrap markets, focusing on tariffs, nearshoring, capacity growth and global trends.

The recent US-China agreement to temporarily reduce tariffs is a major step for global trade, with tariffs on US goods entering China dropping from 125% to 10% and on Chinese goods entering the US decreasing from 145% to 30% starting May 14. While this has boosted markets and created optimism, key industries like autos and steel remain affected, leaving businesses waiting for clearer long-term trade policies.

The US-UK trade deal removes Section 232 tariffs on British steel and aluminium, reduces automotive tariffs and sets a framework for addressing global trade issues.

Ford Motor Company will offset $1 billion of an expected $2.5 billion exposure from tariffs and remains "on track and within our original full-year guidance range of $7 billion-8.5 billion" in operating earnings for 2025, Jim Farley, president and chief executive officer, said during the automaker's first-quarter earnings call on Monday March 5.

The price assessments concerned were: MB-STE-0185 steel cold-rolled coil, fob mill US, $ per cwt MB-STE-0186 steel hot-dipped galvanized coil (cold-rolled base), fob mill US, $ per cwt MB-STE-0172 steel cut-to-length plate carbon grade, fob mill US, $ per cwt This consultation was done as part of our published annual methodology review process. No feedback […]

Fastmarkets proposes to amend the publication day for its European steel domestic plate and import plate assessments from Wednesday to Thursday, to better align with related markets.

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 global metallurgical coke market is undergoing a dramatic transformation in 2025, shaped by declining demand in key markets, rising trade protectionism, and a growing push for decarbonization.