Due to a reporter error, the publication of Fastmarkets’ daily indicator for No1 busheling was delayed on Tuesday June 7.

Fastmarkets is inviting feedback on plans to expand and switch its Houston ferrous scrap price series to a consumer buying assessment from its current methodology as a dealer selling assessment. It comes in response to the Houston region becoming a more defined consumer market.

Steel Dynamics Inc (SDI) is aiming for its new $1.9-billion electric-arc furnace (EAF) mill in Sinton, Texas, to be operating at 80% capacity by the third quarter before hitting full capacity by year-end, chief financial officer Theresa Wagler said at Fastmarkets’ Steel Success Strategies conference in Miami Beach, Florida, on Monday June 6

The US ferrous scrap market is exhibiting signs of life this month after steel meltshops in the Southeast and in Detroit purchased prime and secondary grades of scrap at a $50-per-gross-ton discount compared with the May buy

Cleveland-Cliffs reported it has made progress toward reducing its carbon emissions per short ton of steel produced, according to a 2021 sustainability report the company released in May

Ford is making a $3.7-billion investment in its business, which will be spread out across its plants in Michigan, Ohio and Missouri, and will expand both electric vehicle (EV) and internal combustion engine vehicle (ICE) production

There has been an evolution in US steelmakers' raw material strategy in the past several years, with mills pivoting from an effort to randomly own as many tons as they could to becoming more vertically integrated and owning material that can feed their meltshops

Fastmarkets has temporarily suspended pricing for ferrous scrap turnings in the Cleveland market effective Wednesday June 1 due to the absence of local buyers.

Fastmarkets invited feedback from the industry on its pricing methodology for its Taiwan steel scrap price assessment and its Turkey steel scrap price indices (US- and Europe-origin) as part of its annual methodology review process.

The 2022 Singapore Steel Forum, located in the plush surroundings of the iconic Marina Bay Sands hotel, provided the ideal setting for market participants to discuss the hottest steel topics of the day last week