A wide variety of factors have contributed to “a really shaky period” in international trade, delegates heard at the 86th meeting of Irepas, the International Rebar Producers & Exporters Association, held in Istanbul, Turkey, on May 29-31, 2022

Steel Dynamics Inc (SDI) is aiming for its new $1.9-billion electric-arc furnace (EAF) mill in Sinton, Texas, to be operating at 80% capacity by the third quarter before hitting full capacity by year-end, chief financial officer Theresa Wagler said at Fastmarkets’ Steel Success Strategies conference in Miami Beach, Florida, on Monday June 6

The US ferrous scrap market is exhibiting signs of life this month after steel meltshops in the Southeast and in Detroit purchased prime and secondary grades of scrap at a $50-per-gross-ton discount compared with the May buy

India may become increasingly absent from the global seaborne steel markets following the introduction of an export duty at a rate of 15% on a raft of steel products, sources told Fastmarkets

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

Imported steel scrap prices in key market Vietnam were lower this past week amid weak demand from steelmakers, which are facing depressed long steel prices in the domestic markets and high inventories

China imported a total of 552,892 tonnes of steel scrap in 2021, an increase of 1,938% from the prior year, according to the latest Chinese customs data. China has restricted imports of the steelmaking raw material since July 2019. It only began allowing certain grades to be brought in at the start of 2021. In […]

Market participants expect prices for aluminium scrap and secondary ingot to remain robust in 2022, with demand from the automotive sector anticipated to pick up by the second half of the year. Despite a recent sharp decline in price levels for European secondary ingot DIN226, participants are hopeful that higher levels will return in the […]

Global ferrous scrap prices have continued to fall in the week to August 13 due to high freight rates, Covid-19 outbreaks in importing countries and poor downstream steel demand.

The Turkish steel mills continued to limit their deep-sea scrap bookings in the week ended Friday July 16 due to weak finished steel sales, while the downturn in the country had a knock-on effect on prices in the global markets.