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Hurricane Helene to bolster demand for rebar, wider construction segments in near term: sources
The heightened importance for the steel reinforcing bar (rebar) industry was apparent to market participants immediately, and has expanded to include multiple arms of the wider construction sector, including merchant bar, beams and wire rod, according to multiple sources in the rebar and general construction markets contacted by Fastmarkets on Wednesday October 2. The Category 4 […]
October 3, 2024
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By Melissa VanDervort
Insights
Colombian steelmakers condition construction of new flat steel plant on adoption of trade defenses
Colombian steelmakers conditioned the viability of building the country's first flat steel plant on the adoption of trade defense measures against imports, the companies said on Friday, September 6.
September 11, 2024
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By Gabriela Brumatti, Ana Enis, the Fastmarkets team
Insights
US housing market analysis: Construction market and lumber prices mixed amid economic shifts
In the ever-evolving landscape of the US housing market, recent trends reveal a complex interplay between lumber prices, construction activity and broader economic indicators
August 8, 2024
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By the Fastmarkets team
Insights
US housing market analysis: Are we in the midst of an affordability crisis?
Are fluctuating raw material costs worsening the US housing affordability crisis? Urgent action is needed to preserve homebuying opportunities, as explored by the Fastmarkets team
June 20, 2024
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By the Fastmarkets team
Insights
Worsening weather disruptions drive increasing Galvalume adoption in roofing industry
Extreme weather phenomenon, including catastrophic hurricanes, is driving increasing adoption of metal roofing and therefore Galvalume, market participants said during a trade show in Florida
June 14, 2024
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By Rijuta Dey
Insights
Federal Reserve rate stagnation impacts wood products markets
The ongoing Federal Reserve rate stagnation is having a ripple effect across the wood products market and the broader economy, affecting everything from homebuying to the lumber industry
June 5, 2024
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By Mary Hansen
Insights
US construction slowed by difficulties to source electrical steel amid lack of investment
US construction contractors – including for residential, commercial and manufacturing facilities – have reported long delays and unpredictability in obtaining electrical transformers. This is due to inadequate electrical steel supplies amid missing investment decisions in the US to expand production of the material
June 5, 2024
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By Renzo Pipoli
Insights
Clean, lean US steel sector hunts for green steel premium
The US steel industry’s preponderance of electric-arc furnace (EAF) capacity may be a double-edged sword when it comes to collecting green steel premiums, market sources have told Fastmarkets
May 21, 2024
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By Daniel Hilliard
Insights
Canacero denies risk of steel shortage due to Mexican steel import tariffs increase
Mexico's recent increase in steel import tariffs to 25-35% won't cause shortages in the supply chain, with the market expected to be fed by imports from partner countries and growing local capacity, Mexican steel association Canacero told Fastmarkets on Wednesday May 15
May 16, 2024
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By Gabriela Brumatti
Insights
US mills not yet capturing green steel premiums seen in Europe and Asia
Collecting a premium for green flat-rolled steel in the US will be a long, bottom-up process for an industry already regarded as one of the world’s cleanest, market sources recently told Fastmarkets
May 16, 2024
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By Daniel Hilliard
Insights
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