A Bangladeshi buyer has paid a large premium to secure a ferrous scrap cargo from the US West Coast, with a slew of post-earthquake cargo deals made to Turkey at higher prices and domestic tightness also boosting the market

March ferrous market poised for staunch increase

Sentiment in the US domestic ferrous scrap market has continued to improve ahead of the March trade, with sellers marveling at the prospect of an unexpected fourth consecutive monthly increase while also lamenting that they are short on inventory to sell

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

Russia’s output of steel products, local demand and export sales all dropped in 2022 due to trading sanctions imposed after its invasion of Ukraine on February 24, 2022 - but the reductions were smaller than the markets expected

One year since Russia invaded Ukraine on February 24, 2022, Fastmarkets’ roundup of the key challenges facing the European steel plate market arising from the consequent war

Steel demand coming from new facilities being constructed in North America amid nearshoring trends is expected to materialize between the end of 2023 and 2025, Latin American steelmaker Ternium said on Wednesday February 15

European hot-rolled coil (HRC) buyers are scrambling to purchase Asian cargoes, with a rebound in demand hit by disruption to supplies from Turkey following this week's earthquakes there

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