Despite growing concerns around the health of the US economy and the impact of rising inflation, the US ferrous scrap market should stabilize and recover moderately this year after a period of sustained downside pressure throughout much of 2022, according to panelists at Fastmarkets’ Scrap & Steel conference 2023 in Dallas, Texas

Given the sharp price increases recorded by several major seaborne steel scrap markets at the start of this new year, it can be easy to forget the host of structural issues still bubbling under the surface of the trade

Buying appetite in China for high-purity copper scrap of overseas origin is expected to remain strong in 2023, with questions over the supply of domestic scrap in the country, and a growing trend to repurpose scrap materials as part of the decarbonization movement across the world

Fastmarkets has implemented a comprehensive update of its nickel scrap prices to bring them in line with its global price reporting agency standards.

What does 2023 have in store for the US scrap market? Find out today in our monthly US steel scrap price trends outlook

Positive feedback has spurred Aurubis to expand its investment in the United States and examine growth opportunities globally within its core business and in new fields

The European Union’s recently announced targets for battery recycling faces questions about whether there is enough recycling capacity and feedstock supply to meet the trade bloc’s goals in the coming years

An abundance of quietly transacted higher-priced deals on ferrous scrap and a recovery in hot-rolled coil prices have been fueling expectations of a strong kick-off to the year in the January 2023 trade

Turkish steelmakers are facing multiple challenges, with a squeeze in scrap availability the main problem, along with high energy costs, a weak lira and low export demand, speakers at the 2022 Middle East Iron & Steel (MEIS) conference in Dubai said on Tuesday, December 13

The US Midwest ferrous scrap market rebounded in December, and nothing appears to be standing in the way of more upside in January