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

Fastmarkets invited feedback from the industry in an open consultation process between Monday April 4 and Wednesday May 4 on the pricing methodology for its US Midwest ferrous scrap indices.

Prices for United States-origin steel scrap were easily undercutting those for Japan-origin material in the markets of Taiwan and Vietnam this week, market sources told Fastmarkets on Wednesday May 4

Steel scrap outlook: Where will the US steel market get its prime scrap?

India’s expanding recycling sector will look to capitalize on the opportunity presented by ambitious carbon neutrality targets in the country, according to the Material Recycling Association of India (MRAI)

Broken trade flows, inflated steel prices and the pull of decarbonization targets are changing the way US steelmakers think, plan and run their day-to-day operations. Is the US steel scrap industry coming to an end of globalization and entering a new era of domestic sovereignty?