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North, Latin American steel markets eye trade impact after Trump re-election
Steel market participants in both the North and Latin American markets are keeping tabs on the impact of trade relations with China in the aftermath of Donald Trump’s victory in the 2024 US presidential elections.
November 7, 2024
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By Alesha Alkaff, Gabriela Brumatti, Ana Enis, the Fastmarkets team
Insights
Inflation Reduction Act in focus in Trump presidency | Hotter Commodities
Donald Trump has previously said he plans to repeal the Inflation Reduction Act (IRA), at least partially, and rescind its unspent funds.
November 7, 2024
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By Andrea Hotter
Insights
US steel manufacturer Cleveland-Cliffs bullish in 2025 on falling interest rates, election certainty
Cleveland-Cliffs expects 2025 to be a strong year for the company, citing decreasing interest rates, certainty after the US elections and an increase in manufacturing onshoring, top executives said in the company’s third-quarter earnings call on Tuesday November 5.
November 6, 2024
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By Alesha Alkaff
Insights
DOE announces $44.8 million in funds for battery recycling; sources believe efforts to continue regardless of election results
The United States Department of Energy (DOE) announced on Thursday October 31 a further $44.8 million in funding from the Bipartisan Infrastructure Law (BIL) for eight projects to lower the costs of recycling electric vehicle (EV) batteries and EV battery components to ultimately decrease overall EV costs.
November 6, 2024
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By Kirstyn Petras
Insights
Election 2024: What US steel market participants are saying
The polls officially opened in the US on Tuesday November 5 for the presidential election pitting incumbent Vice President Kamala Harris and former President Donald Trump.
November 5, 2024
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By Fastmarkets Staff
Insights
How a Harris or Trump US presidential win could shape the renewable fuel sector
As the US heads to the polls to vote for its next presidential candidate in what many have characterized as one of the closest races in electoral history, the energy sector hangs in the balance.
November 4, 2024
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By Amanda Luhavalja, Bob Lane, Wendy Dulaney, Alexandra Chapman, the Fastmarkets team
Insights
Global steel market: Four early takeaways from Alacero Summit 2024 in Buenos Aires
Steel leaders from throughout Latin America gathered during October 29-31 in Buenos Aires, Argentina, at Alacero Summit 2024 to learn more about the region's growing importance in the global steel market
October 29, 2024
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By Gabriela Brumatti, Ana Enis, Dan Hilliard, the Fastmarkets team
Insights
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
Insights
Five factors that could accelerate or decelerate the adoption of a green steel premium in the US: LME Week
According to our survey of the US steel market, almost half of respondents believe it will take more than 18 months for a green steel premium to be collected in the US – here we explore the factors that could influence the speed of adoption
September 18, 2024
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By the Fastmarkets team
Insights
When will green steel take off in the US?
Green steel premiums in the US are off to a slow start, compared to the figures mills are collecting in Europe and Asia
August 12, 2024
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By the Fastmarkets team
Insights
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