What’s the market sentiment for December? Read on for a summary of the results of our US ferrous scrap market survey for December, or click here to download your copy of the full US Scrap Trends Outlook for December 2023. The US ferrous scrap market is hotting up in winter months Significantly depressed scrap flows […]

Talks between the European Union and the United States began in October 2021, where both parties announced the Global Arrangement on Sustainable Steel and Aluminium (GASSA), a partnership in which both parties would negotiate an arrangement to combat global overcapacity and climate change. The discussions would include discouraging trade in high-carbon steel and aluminum that […]

Fastmarkets assessed its new aluminium low-carbon differential P1020A, US Midwest at zero on Friday November 3. The assessment for the aluminium low-carbon differential for value-added product, US Midwest, also was at zero on Friday. Fastmarkets aims to bring transparency to the market with its new low-carbon aluminium differentials. “We are getting lots of questions about carbon […]

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