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Steel producers strike optimistic tone despite lackluster short-term construction demand outlook
Steel producers in the United States remain optimistic about construction demand despite its lackluster short-term outlook, according to market participants
May 3, 2024
·
By Rijuta Dey
Insights
US housing market analysis: Recent trends shaping the market
What factors are driving the significant downturn in US housing starts, accompanied by a decrease in building permits?
May 2, 2024
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By the Fastmarkets team
Insights
Electrical steel now China’s star product amid global decarbonization drive
The global decarbonization drive is turning electrical steel into one of China's key ferrous products, with electrical steel exports surging in recent years, sources told Fastmarkets
April 23, 2024
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By Jessica Long, Zihuan Pan
Insights
Why China’s new 2024 steel output cut policy is altering value chain dynamics
China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity
April 19, 2024
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By Jessica Zong, Alice Li, Jessica Long, Norman Fong, Tina Tong, Shu Yi Zheng
Insights
US construction demand could rise once election jitters subside
Increased construction spending could be unlocked early next year once the fraught US presidential election is settled, and steel participants are gearing up for a busy 2025
April 17, 2024
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By Daniel Hilliard
Insights
Turkey restricts steel exports to Israel amid continued Gaza conflict
Turkey has announced a halt on exports to Israel of a range of steel, aluminium and copper products amid the continued conflict in Gaza, the Turkish Ministry of Commerce said on Tuesday, April 9.
April 10, 2024
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By Lee Allen, Amy Hinton
Insights
China’s manufacturing sector tipped to lead steel demand, overtaking sluggish construction sector
China’s manufacturing sector is overtaking its construction sector in driving the country’s demand for steel, in a shift that is expected to benefit flat steel products more than long steel ones, an industry expert said at a recent industry conference.
April 5, 2024
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By Zihuan Pan
Insights
US housing market: Single-family starts heat up in February
U.S. housing starts in February posted a double-digit percentage increase month-over-month as construction picked up following a weather-related lull in January. Want to predict the future of the lumber market? Learn more about our short-term and long-term forecasts and asset analysis for the global forest products market today. Learn more. The Census Bureau reported total U.S. starts at […]
March 28, 2024
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By the Fastmarkets team
Insights
China’s manufacturing sector tipped to lead steel demand, overtaking sluggish construction sector
China’s manufacturing sector is overtaking its construction sector in driving the country’s demand for steel, in a shift that is expected to benefit flat steel products more than long steel ones, an industry expert said at an industry conference on Friday March 22
March 26, 2024
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By Zihuan Pan
Insights
China’s new 2027 “green construction” target to boost domestic steel decarbonization
China's National Development and Reform Commission (NDRC) has set a target for the building of green and low-carbon high quality buildings from 2027 to make significant improvements in energy-saving and carbon emission reduction in the construction sector, it said in a notice on Friday March 15 2024
March 25, 2024
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By the Fastmarkets team, Alice Li, Jessica Zong
Insights
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