Steel scrap HMS 1&2 (80:20 mix), fob Rotterdam, $/tonne

Ukrainian steelmakers, particularly Metinvest and Interpipe, have welcomed the decision by the United States to suspend Section 232 tariffs of 25% against imports of steel from the country for one year

US imports of steelmaking raw materials rose by 7.46% month on month in March, with higher ferrous scrap and pig iron volumes outweighing declines in shipments of direct-reduced iron (DRI), according to the latest data from the US Census Bureau

The ferro-alloy markets in the United States have mostly surged since the start of Russia’s war in Ukraine