Scrap Price Bulletin is part of Fastmarkets

Flat-rolled steel producers in the United States increased spot prices for the fifth time in less than three months on Monday February 13, led by an uptick in spot demand and higher scrap prices, according to market participants; the latest hikes bring the total increases to $260 per short ton

The US Midwest ferrous scrap market extended its upward momentum, rising in February for the first time since 2010 on strong export, good order books and low scrap inventories

There is a “strong possibility” that a third electric-arc furnace (EAF) rebar mini mill with a 600,000 ton per year annual capacity will be built by Highbar LLC in the future, David Stickler, senior managing partner of Global Principal Partners, told Fastmarkets on Thursday February 9

A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas

Low supply, strong demand to spur scrap prices higher in Feb, market says

US deep-sea ferrous export prices from the East Coast to Turkey have plateaued, with a Turkish mill purchasing a cargo at prices stable from the last-reported sale

Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January

“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

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