Fastmarkets is proposing a realignment of its consumer buying price for ferrous scrap turnings in Detroit, effective from the July 2022 monthly settlement.

Fastmarkets has corrected its dealer buying prices for stainless scrap 304 solids, clips and stainless scrap 304 new clips in Pittsburgh, which were published incorrectly on Tuesday June 7 due to a reporting error.

Steel producers in the United States are using optimization software to cut costs for raw materials, reduce quality issues and meet sustainability targets, according to Berk Birand, co-founder and chief executive officer of Fero Labs

Mexican ferrous scrap prices continued to trend lower in the week ended Friday June 3, with market participants seeing no bottom for prices

A wide variety of factors have contributed to “a really shaky period” in international trade, delegates heard at the 86th meeting of Irepas, the International Rebar Producers & Exporters Association, held in Istanbul, Turkey, on May 29-31, 2022

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