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Construction
Playing a vital role in how we power the world
January 8, 2024
Steel receives little love in cringe-filled US presidential debate
Steel received scant attention in the US presidential debate held on Thursday June 27 between incumbent President Joe Biden and challenger former President Donald Trump.
July 1, 2024
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By Alesha Alkaff, Rijuta Dey Bera, Daniel Hilliard
How Hurricane Helene is impacting US steel demand, supply and prices
The deadly storm may lead to a temporary near-to-medium-term uptick in steel prices, as scrap flows dwindle and the need for new steel soars, sources said. “[Original equipment manufacturers] and service centers will experience a boost in sales to rebuild from the hurricane,” one mill source said. “The rebuild includes new equipment like tree-trimming trucks, […]
October 2, 2024
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By the Fastmarkets team
Harris, Trump butt heads on Section 232, 301 tariffs during US presidential debate
Trade, tariffs and protectionist measures were all topics of discussion during the US presidential debate between Vice President Kamala Harris and former President Donald Trump on Tuesday September 10.
September 12, 2024
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By the Fastmarkets team, Alesha Alkaff, Rijuta Dey Bera
Biden hikes tariffs on Chinese imports; steel, aluminium, electric vehicles among sectors targeted
US President Joe Biden will increase tariffs on Chinese imports including steel and aluminium, electric vehicles, semiconductors and advanced batteries, to counteract China’s “unfair” trading practices, he announced on Tuesday May 14
May 17, 2024
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By Alesha Alkaff
US industry unsure of Brazil slab exemption for ‘melt and pour’ requirement for Mexican steel imports
Steel industry participants in the United States are unclear whether Brazilian slab imports will be exempt from the 25% tariffs under Section 232 that will be levied on Mexican imports for steel that is not melted and poured in Mexico, the US or Canada, sources told Fastmarkets on Wednesday July 17
July 18, 2024
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By Rijuta Dey Bera
Biden imposes ‘melt and pour’ requirement for Mexican steel, aluminium imports
The US government will impose tariffs on steel and aluminium shipped from Mexico that were made elsewhere, in a bid to curb trans-shipment and excess production, the White House said in a statement on Wednesday July 10, a move widely applauded by the pair of metals industries
July 11, 2024
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By Yasemin Esmen, Alesha Alkaff
What Trump, Harris policies could mean for steel in the US
Here are some ways their proposed policies are aligned or differ when it comes to steel: Aligned: Both candidates support domestically-made steel Harris and Trump are both cognizant of the critical role of the steel industry in the US’ national security, infrastructure and energy industry, Kevin Dempsey, president and chief executive officer of the American […]
September 19, 2024
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By Alesha Alkaff
US to impose 25% import tariffs on Chinese rare earth magnets in 2026
The US government announced on Tuesday May 14 that new Section 301 import tariffs will be imposed on a wide range of Chinese products and materials, including electric vehicles, steel and aluminium, semiconductors, batteries, solar cells and permanent magnets
May 15, 2024
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By Caroline Messecar
Ford takes the hybrid road | Hotter Commodities
Ford Motor Co has joined the line-up of automotive companies pumping the brakes on the production of electric vehicles (EVs) and opting to focus instead on hybrid models.
August 29, 2024
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By Andrea Hotter
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