The US ferrous scrap market remains in limbo ahead of August’s ferrous trade, with participants divided as to whether summer demand from the domestic and export markets will tip the balance of extremely low scrap flows in US sellers’ favor next month

Leading European steelmaker ArcelorMittal has expanded its range of low carbon steel products, responding to increasing demand for carbon-reduced steel in Europe, Fastmarkets heard on Wednesday July 19

Fastmarkets has corrected its consumer buying price for steel scrap shredded auto scrap, delivered mill Houston to reflect pricing and trend information received after that market was originally settled on Monday July 10.

Fastmarkets has corrected its steel scrap punchings and plate, broker buying price, fob Cleveland (MB-STE-0653) and its steel scrap punchings and plate, consumer buying price, delivered mill Pittsburgh (MB-STE-0598), both of which were published incorrectly on Monday July 10 due to an input error.

Fastmarkets advises that some monthly regional ferrous scrap markets have not settled for July. Fastmarkets typically settles these markets on or before the 10th of each month.

Delegates from across the steel industry gathered in New York June 26-28 for the Association for Iron & Steel Technology’s 2023 Global Steel Dynamics Forum, which focused heavily on the industry’s route toward decarbonization

North American steel scrap prices could face their third consecutive month of decline across all grades in July as traditional summer production slowdowns hinder demand

The share of direct-reduced iron (DRI) being used by Indian induction furnaces and foundries has grown over the last month, despite efforts by a strong scrap lobby to use more of the secondary raw material to reduce carbon emissions in the country

Fastmarkets is inviting feedback on its publication of the consumer buying trend for Houston ferrous scrap prices following that market’s transition away from dealer selling in January 2023.

Fastmarkets advises that, as of Friday June 9, some regional ferrous scrap prices and markets have not settled for June; Fastmarkets typically settles these markets on or before the 10th of each month.