Steel and steel raw materials

“Green steel” will not have a single definition or path to success but will vary by product and location, and will change over time, the American Iron and Steel Institute’s (AISI) top executive told Fastmarkets

Nucor Corp’s new low carbon heavy gauge steel plate product, Elcyon — to be produced at its new $1.7 billion Brandenburg, Kentucky plate mill — is designed for a planned offshore wind energy build-out on the East Coast of 30 gigawatts by 2030, according to Frank Fisher, director of energy solutions at Nucor

There is no global scrap shortage looming, the top executive at Commercial Metals Co (CMC) told a packed room at Fastmarkets’ Scrap & Steel North America 2023 event in Dallas, adding that while there is no decarbonization blueprint for the steel industry to follow, the shift to electric-arc furnace (EAF) steel production is key to meeting “green” targets

The scrap industry in the US is expected to continue to consolidate, which benefits the market overall, panelists said at Fastmarkets’ event this week

Despite growing concerns around the health of the US economy and the impact of rising inflation, the US ferrous scrap market should stabilize and recover moderately this year after a period of sustained downside pressure throughout much of 2022, according to panelists at Fastmarkets’ Scrap & Steel conference 2023 in Dallas, Texas

Given the sharp price increases recorded by several major seaborne steel scrap markets at the start of this new year, it can be easy to forget the host of structural issues still bubbling under the surface of the trade