On Friday November 8, 2024, Fastmarkets published MB-STE-0232 Steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton.

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our November survey

A new Chinese state-owned enterprise (SOE) called China Resources Recycling Group (CRRG) has been established to build a national platform for recycling and reusing resources, according to an announcement from Chinese officials on October 18. While details of the company's specific plans remain scarce, market participants remain concerned about weak market fundamentals, sources told Fastmarkets..

Fastmarkets has corrected MB-STE-0894 steel scrap, HMS 1&2 (80:20 mix), month-to-date deal-weighted average, North Europe origin, cfr Turkey, $ per tonne, which was published incorrectly on Monday October 7.

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our October survey

The deadly storm may lead to a temporary near-to-medium-term uptick in steel prices, as scrap flows dwindle and the need for new steel soars, sources said. “[Original equipment manufacturers] and service centers will experience a boost in sales to rebuild from the hurricane,” one mill source said. “The rebuild includes new equipment like tree-trimming trucks, […]

The willingness among steel consumers to pay premiums for ‘green’ products was not enough to offset the extra cost of the technology transition in the short term, according to Dr Karel Eloot, senior partner in the global materials insights department of management consultant McKinsey & Co.

Here are the key takeaways from market participants on scrap metal prices, market confidence, inventory and more from our September survey

Fastmarkets amended the pricing frequency of its MB-STE-0889 steel scrap, index, heavy recycled steel materials, cfr east China and MB-STE-0895 steel scrap, index, heavy recycled steel materials, cfr north China on Wednesday August 28.

The publication of Fastmarkets’ Turkey steel scrap indices for Thursday August 22 was delayed because of a reporter error.