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

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