According to the World Steel Association (worldsteel), one of the leading providers of steel market information, the China Baowu Group was the largest steelmaker group in 2024, with production remaining stable on the year. In its June 5 report, titled “2025 World Steel in Figures,” worldsteel stated that the Shanghai-headquartered company poured just over 130 […]
Tag: steel prices
Construction MMI: New 50% Aluminum and Steel Tariffs Squeeze U.S. Construction
The Construction MMI (Monthly Metals Index) moved sideways, dropping by 2.0% month-over-month. In early June 2025, new Trump tariffs doubled pre-existing steel and aluminum duties from 25% to 50%. As buyers scrambled, U.S. aluminum premiums immediately hit a record 60¢/lb. Meanwhile, the tariff surge is already squeezing the U.S. construction industry. Construction Input Inflation Construction […]
If the Goal Isn’t Price Stability, Then What Are These New 50% Tariffs Really About?
During a rally at U.S. Steel’s Mon Valley Works–Irvin Plant near Pittsburgh last Friday, U.S. President Trump announced plans to raise tariffs on steel and aluminum imports from 25% to 50%. These new “Trump Tariffs” are set to take effect on June 4, 2025, and will not only apply to primary and semi-finished steel and […]
Automotive MMI: Volatile Steel and Copper Prices Shake U.S. Auto Industry
The Automotive MMI (Monthly Metals Index) moved sideways this past month, dropping a slight 1.74%. The US automotive industry faces a bumpy ride as key metal prices continue to swing wildly. In recent weeks, critical inputs like hot-dipped galvanized steel, copper and lead have seen rapid price shifts amid new tariffs and supply chain jitters, […]
Raw Steels MMI: How Far Will Steel Prices Fall?
The Raw Steels Monthly Metals Index (MMI) traded down during the month. Overall, the index fell 3.82% from April to May. While U.S. steel prices moved sideways throughout April, the bias appeared increasingly to the downside as buyers pulled away from the market due to tariffs. Steel Prices Slide Lower As Bearish Signals Mount After […]
Raw Steels MMI: Steel Prices Level Off, Lead Times Shrink
The Raw Steels Monthly Metals Index (MMI) returned to the downside. Overall, the index witnessed a modest 0.75% decline from March to April. Steel Prices Find Peaks as Reciprocal Tariffs Spare Steel Steel prices either found a peak or began to stabilize by the start of April. As of April 4, hot rolled coil prices […]
Raw Steels MMI: When Will Steel Prices Peak?
Rising steel prices saw the Raw Steels Monthly Metals Index (MMI) jump by 5.59% from February to March. Steel Prices Surge on Tariff News As of mid-March, steel prices remained decidedly bullish and in search of a new peak as U.S. tariffs set the market on fire. Hot rolled coil prices hit their highest level […]
China Slams the Brakes on Steel: What This Means for Global Markets
It was an intervention that was the subject of rumors, and now it’s coming true. China, the world’s largest steelmaker and consumer, recently announced it would be “restructuring” its steel industry through cuts in crude steel output, a move many analysts and experts call China “protecting its own turf.” Stay up to date on changes […]
Worried About Trump Tariffs? Here’s Our Comprehensive Guide to 2025 Steel and Aluminum Tariffs
In February 2025, President Trump reinstated and expanded the Section 232 tariffs on all steel (including stainless steel products) and aluminum imports, setting a flat 25% duty effective March 12, 2025 (what’s known as the “Trump Tariffs”). This renewed policy removes all previously negotiated country-specific exemptions and broadens the tariff’s scope to include a diverse […]
Trump’s Tariffs: EU Warns of ‘Firm and Proportionate’ Counterstrike
European bodies recently criticized U.S. President Donald Trump’s order to introduce tariffs on all steel and aluminum imports entering the country. Meanwhile, experts at home and abroad continue to evaluate how the trade dispute will affect steel prices and aluminum prices. The European Commission, the European Union’s executive arm, recently vowed that it would respond […]
