Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer's executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas

US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants

Aligning various methodologies of calculating and reporting greenhouse gas (GHG) emissions in the steelmaking process has become a challenge in the push towards decarbonization of the industry, but there’s demand for aligning it

The scrap industry in the US is expected to continue to consolidate, which benefits the market overall, panelists said at Fastmarkets’ event this week

Year-on-year increases in contract base prices for special bar quality (SBQ) steel products put 2023 deal levels on par with spot prices seen early this month, market participants told Fastmarkets, noting that some buyers also negotiated shorter contract terms on fears of a price drop late next year

Steelmakers in the United States reportedly are charging customers less in the South and more in the Midwest mainly due to three factors: differences in import penetration, end-market demand and cost structure, according to market participants — a disparity highlighted by Fastmarkets’ new index for the southern region

Growing uncertainty about end-user demand and input costs through 2022 has driven a change in consumer habits in Europe’s aluminium and steel markets, with traders foreseeing a continuation of hand-to-mouth buying going into 2023

The outlook for the steel plate industry in the United States is cloudy for 2023 due to three conflicting factors: more incoming supply, expectations for stronger demand and the decoupling of the plate market from hot-rolled coil prices

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