Steelmakers have been using some of their windfall profits to acquire downstream businesses at a higher-than-average rate, and industry participants believe this trend will continue through 2022

Two Turkish mills have returned to the North American deep-sea ferrous scrap market to secure one cargo each from the United States and Canada. A Canadian exporter sold a cargo of unspecified tonnage to a Turkish mill comprising No1 heavy melting scrap priced at $480 per tonne cfr and shredded scrap and bonus-grade material priced […]

Commercial Metals Co (CMC) is focusing on sustainability and growth after kicking off 2022 with a record quarter and a confident fiscal outlook, the company’s top executive said on Monday January 10. “Before we can responsibly talk about growth, we need to be certain that what we are growing is sustainable,” chairperson, president and chief […]

Sharp rises in carbon and energy costs, along with the introduction of “green steel” in Europe, will lead to changes to traditional pricing mechanisms in 2022, Fastmarkets understands. Some steelmakers have already started to implement surcharges for carbon and energy costs, whereas previously production costs have been included in the base prices of the steel […]

China’s road to decarbonization caused quite a stir in the steelmaking raw materials segment in 2021, and market participants expect more uncertainties in 2022

As demand for ferrous scrap climbs in response to steelmaking capacity growth in the United States, large US steel producers and scrap processors are making strategic acquisitions to secure supplies, while keeping an eye on scrap export levels too, reports Myra Pinkham

A quest to lock up shredded and prime grades of ferrous scrap in the United States went into high gear in 2021.

Fastmarkets looks at some of the dynamics that could come into play in 2022 for the US ferrous scrap market

Steel production from an additional seven million ton capacity, which steel producers in the United States are expected to bring online in 2022 and 2023, will be “quite readily absorbed” by demand from steel consumers, Mark Millett, chairman, president, and chief executive officer at Steel Dynamics Inc (SDI) said on Tuesday November 9. This includes […]

China’s decarbonization drive could result in increased demand for graphite electrodes amid the global trend toward more steelmaking based on electric-arc furnaces (EAFs), although supply risks may continue in the near term against a backdrop of energy controls, sources have told Fastmarkets