The steel industry hit a speed bump after a bumper 2021 as steel prices cooled off after catapulting to all-time highs last year. The pullback is partly due to the improved supply-side situation ...
Stainless Steel Market Faces Year-End Off-Season, Low Spot Prices Fail to Boost Demand] SMM November 7 - SS futures showed a downward pullback. Although SHFE nickel performed strongly yesterday due to ...
Commodity prices are hot right now. But the prices investors are paying in the open market for commodities like coffee, copper or corn can have little to do with the price customers pay at the store.
Analysts at Citi crunched the numbers on what a 25% tariff on steel and aluminum imports would mean. They point out the U.S. imports about 25% of its steel supply, of which 80% is tariff free due to ...
US Fed's Hawkish Remarks Drive SS Below Recent Lows, Steel Mills Lower Prices to Boost Sales] SMM November 17 - SS futures showed a pattern of hitting bottom and then recovering. During Friday's night ...
U.S. steel prices have surged significantly this year, with benchmark hot-rolled coil (HRC) prices rallying more than 25%. This spike is largely attributed to the Trump administration's imposition of ...
BMI, a unit of Fitch Solutions, maintained its 2025 global average steel price forecast at $730/tonne, expecting prices to edge higher driven by protectionist measures under Donald Trump, offsetting ...
A flurry of steel buying in the past few weeks has stoked optimism from Stelco Holdings Inc.’s top boss about the next six months. The Canadian steelmaker has fully booked shipments to the end of the ...
Domestic steel prices have hit a five-year low, with HRC at Rs 47,150 and rebar between Rs 46,500-47,000 per tonne. This decline is driven by rising imports, weak export demand, and global oversupply.
President Donald Trump announced on Friday that he will raise tariffs on steel imported into the United States from 25% to 50%, aiming to further protect American steelworkers. Speaking at a U.S.