Japanese buyers are increasing their bids for ferrous scrap to prevent exports of the steelmaking raw material, hoping to feed domestic steel production amid solid demand and healthy margins

Fastmarkets’ United States offices will be closed on Friday April 15 in observance of Good Friday. There will be no separate AMM Daily Newsletter or AMM Scrap Settlements newsletter dated Tuesday April 19, although automated newsletters will still be available via the Fastmarkets Dashboard.

Hot-rolled coil prices in the United States remained above $74 per hundredweight in the second week of April, with steady demand for spot material and restricted supply bolstering the hot-band price

Fastmarkets is inviting feedback from the industry on the pricing methodologies for the following assessments: steel cold-rolled coil, fob mill US; steel hot-dipped galvanized coil (cold-rolled base), fob mill US; and steel cut-to-length plate carbon grade, fob mill US.

Fastmarkets is proposing to launch a steel slab import, cif Italy price assessment to reflect the change in trade flows that have followed the disruption in traditional supply from the Black Sea.

China is shaping up to be a major steel slab supplier to the rest of the world amid shortages resulting from Russia's invasion of Ukraine

A new trade agreement between the United States and the United Kingdom announced on Tuesday March 22 is more likely to enhance political ties than actually move significant tons of steel and aluminium across the Atlantic, sources said

The United States' ferrous scrap export market has quieted, with no deals reported since Monday March 14

A shortage in the global pig iron market caused by the absence of Ukraine, as well as Russia’s limited ability to sell, can only partially be covered by suppliers from other regions, sources told Fastmarkets on Tuesday March 22

Austrian steelmaking group Voestalpine intends to replace coal-fuelled blast furnaces with climate-friendly electric-arc furnaces (EAFs) powered by green electricity at its sites in Linz and Donawitz by 2027, the company said in a press release on Wednesday March 23