Steel scrap prices in both Turkey and the major Asian markets were under pressure in the week to Friday July 29. Most participants in these markets were expecting more of a downtrend to come in scrap prices amid weak sales of steel products

Electric-arc furnace (EAF) steel production is on the rise as China strives to meet decarbonization targets

US sustainable steelmaking will need at least 10.4 million short tons of scrap per year by 2024. With supply tightening, could a new commodity supercycle be on the horizon?

US ferrous scrap dealers shared concerns about the domestic market’s outlook, citing market chatter that cut and shredded scrap prices could fall in the upcoming trade despite shrinking flows into recycling yards

US steelmakers continue to fine tune or ramp up their raw materials strategies in a race to cover the prime scrap shortfall as the pendulum swings further away from blast furnaces toward electric arc furnace (EAF) production

The prospects for large volume trades in China’s import steel scrap market could hinge on whether a large United Kingdom-origin bulk cargo successfully passes Chinese customs checks later this year, sources told Fastmarkets

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 the month.

Following a consultation period and market feedback, Fastmarkets has realigned its consumer buying price for ferrous scrap turnings in Detroit, effective the July 2022 monthly settlement.

A raft of bookings for steel scrap in both Turkey and Pakistan this week ahead of the Islamic holy festival of Eid al-Adha has led to an acute rise in offer prices to key Asia bulk markets, sources told Fastmarkets

Shagang Group, China's largest privately-owned steel producer in Jiangsu province, East China, has announced a 50 yuan ($7) per tonne cut to its scrap procurement prices due to lower steel scrap consumption by domestic steel mills amid thin profits or even losses, market sources said