The US Midwest ferrous scrap market extended its upward momentum, rising in February for the first time since 2010 on strong export, good order books and low scrap inventories

Hot-rolled coil prices in the US South brushed against $40 per hundredweight on higher mill offers, but continued to trail their Midwest counterparts due to skeptical buyers with sufficient inventories to wait out what they said was likely a short-term surge

There is a “strong possibility” that a third electric-arc furnace (EAF) rebar mini mill with a 600,000 ton per year annual capacity will be built by Highbar LLC in the future, David Stickler, senior managing partner of Global Principal Partners, told Fastmarkets on Thursday February 9

Any bolstering effect on US ferrous scrap exports from the up-month in February’s domestic trade will be tempered in the immediate aftermath of two earthquakes in Turkey — the country’s largest importing region — on Monday, February 6

A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas

Market participants are cautiously optimistic about a rebound in iron ore concentrate premiums, with steelmakers around the world set to ramp-up production in line with an anticipated increase in demand for steel products, Fastmarkets understands

Fastmarkets has corrected its MB-IRO-0010 Iron ore 63% Fe Australia-origin lump ore premium, cfr Qingdao index, which was published incorrectly on Wednesday February 1 due to a technical error.

Low supply, strong demand to spur scrap prices higher in Feb, market says

Fastmarkets has corrected its MB-COA-0005 premium hard coking coal, cfr Jingtang and MB-COA-0002 hard coking coal, cfr Jingtang indices, which were published incorrectly on Tuesday January 31 due to a technical error.

After market feedback, Fastmarkets is extending the consultation period for its proposal to launch a cfr Southeast Asia hot-briquetted iron (HBI) price.