Fastmarkets is inviting feedback from the industry on the pricing methodologies for its index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey (MB-STE-0416), and its index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey (MB-STE-0417), as part of its annual methodology review process.

North American ferrous scrap prices are due a further downward correction in May following drops incurred on cut grades and shredded scrap in April; primes trended sideways over the period

The current curtailment of barge shipments along the upper portion of the Mississippi River due to flooding is balancing some of the negative sentiment brought on by a swathe of end-of-month cancelations sent out by US mills to their suppliers

The publication of some Fastmarkets prices on Tuesday April 25 was delayed due to technical difficulties.

Following a consultation, Fastmarkets will discontinue its ferrous scrap consumer buying price for cast iron borings in Pittsburgh due to a lack of liquidity.

Fastmarkets will realign its consumer buying price for ferrous scrap No1 busheling in Cincinnati and Pittsburgh, effective from the May 2023 monthly settlement.

Steelmakers in Taiwan are planning for severe production cuts this summer amid a surge in electricity costs starting in April, coupled with dismal steel demand in the spot market, sources have told Fastmarkets

Fastmarkets will realign its consumer buying price for ferrous scrap No1 bundles in Cincinnati and Pittsburgh, effective with the May 2023 monthly settlement. The price realignment also includes the consumer buying price for ferrous scrap No1 industrial bundles in Pittsburgh.

The publication of Fastmarkets' European hot-rolled coil indices for Thursday April 20 was delayed due to an error.

There is a real sense among participants that the ferrous scrap markets in Gulf Cooperation Council (GCC) nations may be getting ready to really heat up