Broken trade flows

Steel scrap outlook: Where will the US steel market get its prime scrap?

Limited supplies of steel scrap and alternative steelmaking raw materials have sent shockwaves through the US steel market. Broken trade flows, inflated steel prices and the pull of decarbonization have changed the way US steelmakers think, plan and run their day-to-day operations. Is the US steel industry seeing an end to globalization and entering a new era of domestic sovereignty? Read the full article here.

Find out more at the Scrap & Steel North America Conference, where you can connect with steel industry leaders to discuss and debate these complex issues.

What to read next
The first publication of the Monterrey HRC and rebar assessments is scheduled for Thursday June 26. The price assessments will be published weekly, every Thursday, 2-3pm (Eastern Time). The specifications are as follows: MB-STE-0934 Steel hot-rolled coil index, delivered Monterrey, Mexico, peso per tonneQuality: SAE 1006-1008 commercial steel and corresponding grades, 48 inches wide, caliber 8-14Quantity: Min 50 […]
The automotive industry's embrace of the pioneering steelmaking technology of tailored welded blanks to make hot stamped door rings has reached a break-out point with annual output volumes expected to double over the next five years
The decarbonization of the steel industry has been widely discussed in Europe over the past few years. But much of the focus has been on blast furnace–basic oxygen furnace (BF-BOF) based mills, given their higher carbon intensity.
Leading European steelmaker ArcelorMittal has scrapped a planned EAF-DRI project in Germany due to the poor economic environment and a “lack of economic viability,” the company said on June 19.
Downward pressure on global steel prices, caused by continued high levels of Chinese steel production at prices below costs, creates incentives than can lead to a rebalancing of global supply and demand and a boost to profitability, World Steel Dynamics chief executive officer Philipp Englin said at the Global Steel Dynamics Forum in New York on Wednesday June 18.
The prices were published at 3:59 pm UK time instead of the scheduled time of 2-3 pm UK time. The following price was published late:MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, yuan/tonne  These prices are a part of the Fastmarkets scrap package. For more information or to provide feedback on the delayed publication of […]