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The Strait of Hormuz, through which roughly 20% of global oil and liquefied natural gas (LNG) flows, has been closed for three months since US-Israeli strikes on Iran began on February 28, driving up energy costs and putting Europe's aluminium sector under pressure.
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Chinese zinc smelters expressed concerns of possible production cuts amid fierce competition for concentrates raw materials, as treatment charges (TCs) have dropped to historic lows at the end of May, though byproduct gains from sulfuric acid have still lent strong support to smelters’ margins, sources told Fastmarkets.

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

The Trump administration has concluded its investigation against Brazil under Section 301, with the country’s Trade Representative Jamieson Greer proposing a 25% tariff on the South American country’s imports but putting forth a list of exempted items.

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.

London, June 9, 2026 – Fastmarkets, a leading cross-commodity price reporting agency (PRA), today announced the launch of two new daily CBAM price assessments. These are designed to address one of the biggest challenges facing companies exposed to the EU’s Carbon Border Adjustment Mechanism (CBAM): the lack of real-time visibility into carbon costs at the point of trade.

EU wheat exports reached 19.23 million tonnes as of May 31, according to European Commission data, yet weekly flow data from Rouen port collapsed 66.6% to 72,923 tonnes in the week to June 3, pointing to a sharp deceleration in physical trade.

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