Get started

Broken trade flows

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

May 3, 2022
By Grace Asenov and Kimberly Leppold
Brazil Ferrous scrap Steel Steel raw materials United States

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
Rising overseas competition for European green steel producers
Rising overseas competition for European green steel producers
How Europe’s green steel production competes with the rest of the world
March 13, 2026
 · 
By Abhishek Pathak
Architecture, Building, Factory
EAFs increasingly able to fill blast furnace gap: Electra
The steel market is increasingly pivoting away from blast furnace (BF) production and toward electric-arc furnaces (EAFs), Keith Shuttlesworth, chief commercial officer of clean iron technology company Electra, told Fastmarkets in an interview on Tuesday March 10.
March 12, 2026
 · 
By Alesha Alkaff
Industrial robotic arms welding a car body on an automated automotive manufacturing production line
Auto a key market to drive steel decarbonization: SteelWatch
The auto industry is well-positioned to accelerate the use of lower emissions steel and automakers are increasingly using the material to boost competitiveness in the EV market.
March 12, 2026
 · 
By Alesha Alkaff
US-China metals trade
China’s steel exports to Persian Gulf face near-term setback amid Hormuz disruption: sources
The outbreak of conflict between the US, Israel and Iran on February 28 has brought shipping through the Strait of Hormuz to a near halt, disrupting China’s steel exports to a region that accounted for 14% of its total finished steel export volume in 2025.
March 10, 2026
 · 
By Cindy Shan
Road, Freeway, Arch
China searches for a way out of Brazil’s steel barriers
The recent wave of anti-dumping measures approved in Brazil has been met with some concern in China — the country most affected by the Brazilian government’s decisions in this case — but despite the negative impact, Chinese participants see the moves as just another phase of doing business.
March 9, 2026
 · 
By Nina Gattis
Final decision on open consultation on methodology review for IOSCO-audited CFR Manila steel billet price assessment: pricing notice
This consultation was done as part of our published annual methodology review process. No feedback was received about a methodology change during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation sought to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in […]
March 9, 2026
 · 
By Fastmarkets pricing team