US sustainable steelmaking will need at least 10.4 million short tons of scrap per year by 2024. With supply tightening, could a new commodity supercycle be on the horizon?

US ferrous scrap dealers shared concerns about the domestic market’s outlook, citing market chatter that cut and shredded scrap prices could fall in the upcoming trade despite shrinking flows into recycling yards

Seaborne iron ore concentrate and pellet prices fell during the week to Friday July 15 amid limited demand from steelmakers, market sources said

US steelmakers continue to fine tune or ramp up their raw materials strategies in a race to cover the prime scrap shortfall as the pendulum swings further away from blast furnaces toward electric arc furnace (EAF) production

The prospects for large volume trades in China’s import steel scrap market could hinge on whether a large United Kingdom-origin bulk cargo successfully passes Chinese customs checks later this year, sources told Fastmarkets

Europe will have to rethink its iron ore supply lines after major producer Metinvest was forced to shut three mining and processing operations, because of logistics issues caused by Russia's invasion of Ukraine, the GMK Center think-tank told Fastmarkets this week

A raft of bookings for steel scrap in both Turkey and Pakistan this week ahead of the Islamic holy festival of Eid al-Adha has led to an acute rise in offer prices to key Asia bulk markets, sources told Fastmarkets

Shagang Group, China's largest privately-owned steel producer in Jiangsu province, East China, has announced a 50 yuan ($7) per tonne cut to its scrap procurement prices due to lower steel scrap consumption by domestic steel mills amid thin profits or even losses, market sources said

ResponsibleSteel, a third-party global provider of sustainability standards and certifications, is working on a steel certificate that should be ready in the next two to three months, marking the next step in a standardized benchmark for sustainable steelmaking

China is working toward decarbonizing its steel industry – which accounts for around 15% of total emissions from the Chinese manufacturing sector. But several market participants believe that the road to decarbonization will be a long one