The United States ferrous scrap market remains depressed with some sellers no longer holding out hope that a bottom is near

Is the 'green' advantage held by steel companies in the US at risk as the market adopts a more rigorous approach to reducing Scope 3 emissions?

Following market feedback on the discrepancy between machine shop turnings and other ferrous scrap grades in the Houston dealer selling market, Fastmarkets proposes a realignment of the remaining grades in Houston, effective from the October 2022 monthly settlement.

Fastmarkets is proposing a comprehensive update of its stainless steel scrap prices to bring them in line with its global price reporting agency standards.

Fastmarkets has updated its consumer buying price for steel scrap No1 heavy melt and cut structural/plate, 5’ max, delivered mill Cleveland, following the arrival of late information for the domestic ferrous scrap monthly trade in September.

Following a consultation period and market feedback, Fastmarkets has realigned its consumer buying price for turnings in Houston, effective from the September 2022 monthly settlement.

Fastmarkets has corrected its consumer buying price for steel scrap No2 bundles, delivered mill Philadelphia, following an input error during the monthly domestic ferrous scrap trade in September.

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

Following a consultation period and market feedback, Fastmarkets is realigning its dealer selling price for ferrous scrap machine shop turnings in St Louis, effective from the September 2022 monthly settlement.

Following a consultation period and market feedback, Fastmarkets has realigned its consumer buying prices for No1 bundles and No1 busheling scrap in Alabama, effective from the September 2022 monthly settlement.