Fastmarkets will roll over its CIS Black Sea export steel prices on January 6, 2023, due to the Russian New Year holiday and the fact that exports from Ukraine have ceased since the war with Russia began.

An abundance of quietly transacted higher-priced deals on ferrous scrap and a recovery in hot-rolled coil prices have been fueling expectations of a strong kick-off to the year in the January 2023 trade

The Gulf states are entering a “golden age” for steelmaking and Gulf Cooperation Council (GCC) countries aim to be at the forefront of the global drive to “green steel,” delegates were told at Fastmarkets’ Middle East Iron & Steel Conference in Dubai on Tuesday December 13

Cleveland-Cliffs has introduced a new product line of non-oriented electrical steels (NOES) for power generation in North America, reflecting rising interest in electrical steels

The US steel industry has mostly dismissed the recent World Trade Organization ruling against Section 232 tariffs on steel and aluminium imports and does not expect it to have much, if any, impact on the market

Steelmakers offering lower-carbon steel reinforcing bar (rebar) have a competitive advantage over traditional rebar producers, even if customers are unwilling to pay a premium for it in a price-sensitive market, according to David Stickler, senior managing partner of Global Principal Partners

Cleveland-Cliffs has increased its flat steel spot market base prices for the second time in just over two weeks, and participants think the market can absorb some of this increase, but not necessarily in full

Turkish steelmakers are facing multiple challenges, with a squeeze in scrap availability the main problem, along with high energy costs, a weak lira and low export demand, speakers at the 2022 Middle East Iron & Steel (MEIS) conference in Dubai said on Tuesday, December 13

Hot-rolled coil prices in the United States hovered around $34 per hundredweight ($680 per short ton) while domestic mills continued offering hot band at the newly stabilized price

The US Midwest ferrous scrap market rebounded in December, and nothing appears to be standing in the way of more upside in January