Ferrous scrap market news, including sustainable steelmaking, recycled steel and ferrous scrap market analysis
Also known as iron and steel scrap, the ferrous scrap market plays an essential role in the circular economy. End-of-life steel products, from motor vehicles to structural steel, can be recycled infinitely, creating new steels. All the steel used globally is recyclable, making ferrous scrap a highly sought-after material, changing the landscape of steel production worldwide.
Ferrous scrap is critical to decarbonizing the steel industry as it enables the recycling and reuse of steel products, further contributing to green steel production by creating a more sustainable and resource-efficient steel industry. Stay connected with the big stories, topics and price movements changing the ferrous scrap markets. Understand what’s driving change in the global ferrous scrap market, including new capacity sprouts in the evolving US Southern scrap market to trade flow disruptions in European markets.
Fastmarkets news and analysis of the ferrous scrap market is backed by the intelligence of industry-leading brands such as Metal Bulletin, American Metal Market, Scrap Price Bulletin and Industrial Minerals.
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US steel scrap prices ahead of November trade The Trend Indicator has rebounded into bullish territory, at 61.4 for November compared with a resolutely bearish 45.6 in October. This month’s indicator is at its highest since March’s outlook, when it was 65.2. The Outlook’s prediction model allows for an average month-on-month price increase of 5.1%. Respondents […]
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
Amid recent headlines about volatile bunker prices, rampant port congestion and a jump in ocean freight costs, metal market participants might be forgiven for thinking they have returned to 2021
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