With increasing volumes of shredded scrap being exported from the US West Coast, Fastmarkets is launching a shredded scrap export index to balance its ferrous scrap exports offering from the US East and West Coasts

Bears out of hibernation ahead of October ferrous scrap trade

A new platform launched by the Rocky Mountain Institute (RMI) could see a collective order of 2 million short tons of green steel from major companies, propelling the North American steel industry’s decarbonization push

The United Auto Workers (UAW) struck at three of the Big Three automakers' assembly plants just after midnight on Friday September 15, sending 12,700 workers to the picket lines and threatening to expand the strike to additional factories

Uncertainty arising from a potential strike at one or more of the Big Three automakers is at the forefront of the US flat-rolled market, upstaging the mill outage season that is currently underway, sources told Fastmarkets

Bulls increasingly optimistic for higher scrap prices in September

Authorization for the United Auto Workers union (UAW) to call a strike at one or more of the Big Three automakers appeared headed toward approval on Thursday August 24, according to a union spokesperson, bringing with it a potential sharp dip in steel demand

US Steel (USS) must name its potential buyers, Cleveland-Cliffs said in a filing with the US Securities and Exchange Commission (SEC) on Tuesday August 22, escalating a very public disagreement between the two integrated steelmakers

A combination of Cleveland-Cliffs and US Steel into a single automotive steel market behemoth, if approved, is widely expected to wield considerable pricing power

The steel industry is well-equipped to meet the demand generated by the Inflation Reduction Act (IRA) and the CHIPS and Science Act (CHIPS Act), experts told Fastmarkets on the one-year anniversary of the legislations