The domestic US ferrous scrap market has been slow to develop, with resilient sellers holding out for better offers

Fastmarkets has corrected its price indices for US- and Northern Europe-origin steel scrap, CFR Turkey, which were published incorrectly on Thursday December 1 due to a technical error.

Fastmarkets has corrected the average calculation of its prime scrap prices in Pittsburgh.

Fastmarkets proposes to discontinue foundry grade price assessments included in its Philadelphia consumer buying price series due to a lack of liquidity.

Brazil-based Gerdau will invest up to 1.5 billion Reais ($277 million) in solar and wind power projects by acquiring a third of energy generation and commercialization company Newave Energia, advancing its decarbonization goals, the steelmaker said on Friday November 25

Fastmarkets will realign its consumer buying price for ferrous scrap machine shop turnings in Cincinnati, effective from the December 2022 monthly settlement.

Fastmarkets will realign its consumer buying price for ferrous scrap machine shop turnings in Chicago, effective from the December 2022 monthly settlement.

The global trade for metals shipped in containers is being constrained by weak demand despite lower freight costs and higher availability of boxes compared with earlier in the year, sources have told 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