A combination of Cleveland-Cliffs and US Steel into a single automotive steel market behemoth, if approved, is widely expected to wield considerable pricing power

With the ferrous scrap industry converging on the Thai capital of Bangkok for the Material Recycling Association of India’s (MRAI) first Southeast Asian business summit on August 21-22, eager eyes are being cast toward the future growth potential of the region’s ferrous scrap markets

The steel industry is well-equipped to meet the demand generated by the Inflation Reduction Act (IRA) and the CHIPS and Science Act (CHIPS Act), experts told Fastmarkets on the one-year anniversary of the legislations

European green steel premiums were little changed in the past week, with demand remaining slow because original equipment manufacturers (OEMs) feel no pressure to “go green” yet, sources told Fastmarkets on Thursday August 3

China's latest consumption-focused stimulus attempts to drive downstream demand for steel products, but reception in the steelmaking industry has been lukewarm, sources in China told Fastmarkets

Seaborne iron ore prices fell further on Friday, July 28 due to more concerns for crude steel production cuts in China

The US steel scrap market may drag the bottom in August with the market caught in a stalemate between tight supply and low demand

Dramatic changes are expected in the Japanese steel industry in the run-up to 2030, with exports of ferrous scrap expected to fall and local use of the material to soar amid the transition away from traditional blast furnace (BF) technology toward greater electric-arc furnace (EAF) capacity

The US ferrous scrap market remains in limbo ahead of August’s ferrous trade, with participants divided as to whether summer demand from the domestic and export markets will tip the balance of extremely low scrap flows in US sellers’ favor next month

China’s domestic stainless steel prices were flat over the week ending Wednesday July 19 amid weak demand, but some participants expected the central government to release stimulus policies for manufacturers to push up stainless steel demand