Global deep-sea ferrous scrap sales to Turkey are ramping up at higher prices, stoking bullish sentiment for US exports and March’s domestic trade alike

Growing consumer demand for automotive manufacturers to use sustainable materials is driving the uptake of low-carbon aluminium, with producer Rio Tinto announcing a partnership with BMW Group to supply the metal

The Material Recycling Association of India’s annual International Metals Recycling Conference (IMRC) on February 2-4 saw the event return to southern city of Kochi for the first time since 2019 and, judging by the demand for rooms in the run-up to the event, there has been a massive increase in the numbers attending

A Turkish mill in a region geographically unaffected by the earthquakes in the southeast of the country on February 6 made a return to the US ferrous scrap export market on Friday February 10

Flat-rolled steel producers in the United States increased spot prices for the fifth time in less than three months on Monday February 13, led by an uptick in spot demand and higher scrap prices, according to market participants; the latest hikes bring the total increases to $260 per short ton

The US Midwest ferrous scrap market extended its upward momentum, rising in February for the first time since 2010 on strong export, good order books and low scrap inventories

There is a “strong possibility” that a third electric-arc furnace (EAF) rebar mini mill with a 600,000 ton per year annual capacity will be built by Highbar LLC in the future, David Stickler, senior managing partner of Global Principal Partners, told Fastmarkets on Thursday February 9

A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas

Low supply, strong demand to spur scrap prices higher in Feb, market says

US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale