No new ferrous scrap export sales from the US East Coast to Turkey have been reported since prices fell sharply in a cargo booked in mid-May, but more price drops could be on the horizon, Fastmarkets understands

Turkish steel mills resumed their deep-sea steel scrap bookings after a recovery in steel sales in the country's domestic and export markets, sources said on Thursday May 26

US domestic obsolete scrap prices have continued to be firm on a historical basis but fell below our expectations this month. And the differential between shredded and HMS scrap remains at its widest on record

Some Chinese trading firms have been quick to react and to find opportunities in this year’s increasingly volatile markets for semi-finished steel products, sources said during last week’s Fastmarkets Singapore Steel Forum

India may become increasingly absent from the global seaborne steel markets following the introduction of an export duty at a rate of 15% on a raft of steel products, sources told Fastmarkets

Flat-rolled steelmakers have more than 13 million short tons of new production capacity planned or under construction in the United States, but analysts do not foresee a glut depressing the market significantly in 2022

US imports of steelmaking raw materials rose by 7.46% month on month in March, with higher ferrous scrap and pig iron volumes outweighing declines in shipments of direct-reduced iron (DRI), according to the latest data from the US Census Bureau

After a one-month consultation period, Fastmarkets has amended the frequency of its China import steel scrap indices.

Fastmarkets has temporarily suspended pricing for ferrous scrap turnings in the Pittsburgh market effective Friday May 6 due to the absence of local buyers.

Nissan Motor has announced plans to invest more than $700 million in Mexico over the next three years