The share of direct-reduced iron (DRI) being used by Indian induction furnaces and foundries has grown over the last month, despite efforts by a strong scrap lobby to use more of the secondary raw material to reduce carbon emissions in the country

The European Parliament adopted an update to the European Union’s battery directive on Wednesday June 14, which is intended to further foster circular production for batteries in the bloc

Fastmarkets is inviting feedback on its publication of the consumer buying trend for Houston ferrous scrap prices following that market’s transition away from dealer selling in January 2023.

After a 30-day consultation, Fastmarkets has amended the frequency of its price assessment for Taiwan import steel scrap to twice weekly from daily.

Optimus Steel’s ongoing expansion and upgrades at its Beaumont, Texas facility since 2021 will – by the time of completion in late 2024 – double its rolling capacity from 800,000 tons per year to 1.6 million tpy

China’s automotive output and sales posted year-on-year growth in May amid measures to promote consumption during the May Day holiday and due to a low base a year earlier, the China Association of Automobile Manufacturers (CAAM) said

The publication of Fastmarkets’ price assessments for aluminium scrap LM6/LM25 and LM24 gravity diecasting ingot, delivered consumer UK and the UK aluminium scrap grades price assessments for Wednesday June 14 were delayed due to a reporter error.

Aluminium prices continue to be affected by several factors in June 2023 and were trending lower on the LME earlier this month despite the pick-up in Chinese services in May

Progress is being made toward fostering more environmentally friendly manganese metal production, with market participants increasingly considering the carbon emissions and environmental impact of electrolytic manganese metal (EMM) production

Fastmarkets proposes to launch a weekly price assessment for steel reinforcing bar (rebar) domestic, delivered Saudi Arabia.