Authorization for the United Auto Workers union (UAW) to call a strike at one or more of the Big Three automakers appeared headed toward approval on Thursday August 24, according to a union spokesperson, bringing with it a potential sharp dip in steel demand

US Steel (USS) must name its potential buyers, Cleveland-Cliffs said in a filing with the US Securities and Exchange Commission (SEC) on Tuesday August 22, escalating a very public disagreement between the two integrated steelmakers

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