Scrap Price Bulletin is part of Fastmarkets

Steel prices in the United States are unlikely to return to last year’s highs over the next year due to incoming steel capacity and falling raw materials prices, which could affect steel mills’ profitability, analysts told Fastmarkets

In a fresh cargo sale to Turkey, US deep-sea ferrous scrap export prices ticked up by $2-11 per tonne compared with the last such US deals

Turkish steel producers continued to face weak demand for finished steel products in the export markets and locally

German carmaker BMW Group signed an agreement with Swedish green steel maker H2 Green Steel to supply low-CO2 steel for vehicle production at its European plants, Fastmarkets has learned

Steel scrap prices in both Turkey and the major Asian markets were under pressure in the week to Friday July 29. Most participants in these markets were expecting more of a downtrend to come in scrap prices amid weak sales of steel products

Electric-arc furnace (EAF) steel production is on the rise as China strives to meet decarbonization targets

US ferrous scrap dealers shared concerns about the domestic market’s outlook, citing market chatter that cut and shredded scrap prices could fall in the upcoming trade despite shrinking flows into recycling yards

A raft of bookings for steel scrap in both Turkey and Pakistan this week ahead of the Islamic holy festival of Eid al-Adha has led to an acute rise in offer prices to key Asia bulk markets, sources told Fastmarkets

Shagang Group, China’s largest privately-owned steel producer in Jiangsu province, East China, has announced a 50 yuan ($7) per tonne cut to its scrap procurement prices due to lower steel scrap consumption by domestic steel mills amid thin profits or even losses, market sources said

Exporters of steel scrap have continued to explore alternative destination markets for sales of deep-sea scrap cargoes because of the slump in prices in Turkey, sources said in the week ended Friday June 24