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.

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The prices in question are: MB-STE-0100 Steel scrap, HMS 1&2 (80:20 mix), export, fob main port UK, $ per tonneMB-STE-0099 Steel scrap shredded, export, fob main port UK, $ per tonneMB-STE-0095 Steel scrap shredded, import, cfr delivered Turkish port, $ per tonneMB-STE-0420 Steel scrap, HMS 1&2 (80:20 mix), fob Rotterdam, $ per tonne. Increasing the frequency of assessment of […]