American Metal Market is part of Fastmarkets

Fastmarkets’ calculation of its steel scrap HMS 1&2 (80:20), export index, fob New York and steel scrap shredded scrap, export index, fob New York were published incorrectly on Wednesday November 16 due to an input error.

The steel scrap market is undergoing a monumental shift as the pull of decarbonization, growing market consolidation and supply shortages propel steel scrap into ‘hot’ commodity status

While demand for stainless scrap remains very weak in the United States, scrap prices for the 300-series grades jumped this week on continued tight supply and a spike in London Metal Exchange nickel prices, with the nickel cash contract at its highest since May

Governments of countries which are responsible for half of the global gross domestic product (GDP) outlined new targets for the previously agreed Breakthrough Agenda, a 12-month action plan to accelerate the drive toward decarbonization, delegates heard on Friday November 11 at the United Nations’ COP27 climate change conference in Egypt

Fastmarkets experts share a unique visual snapshot of the ever-changing global scrap markets in 8 scrap metal price charts

Base metals futures on the London Metal Exchange gave an overall positive performance during the morning trading session on Monday November 14, with the metals mostly continuing their upward trajectory from the previous week