Scrap Price Bulletin is part of Fastmarkets

The current curtailment of barge shipments along the upper portion of the Mississippi River due to flooding is balancing some of the negative sentiment brought on by a swathe of end-of-month cancelations sent out by US mills to their suppliers

Steelmakers in Taiwan are planning for severe production cuts this summer amid a surge in electricity costs starting in April, coupled with dismal steel demand in the spot market, sources have told Fastmarkets

There is a real sense among participants that the ferrous scrap markets in Gulf Cooperation Council (GCC) nations may be getting ready to really heat up

North American steel scrap prices are expected to rise in April, for a fifth straight month, supported by a lingering shortage of certain grades of material and steady demand

Recycling is increasingly being considered the best way to reduce carbon emissions from metals production, and huge investment in recycling facilities has been seen in recent years, with robust merger and acquisitions activity

March ferrous market poised for staunch increase

Sentiment in the US domestic ferrous scrap market has continued to improve ahead of the March trade, with sellers marveling at the prospect of an unexpected fourth consecutive monthly increase while also lamenting that they are short on inventory to sell

Global deep-sea ferrous scrap sales to Turkey are ramping up at higher prices, stoking bullish sentiment for US exports and March’s domestic trade alike

The Material Recycling Association of India’s annual International Metals Recycling Conference (IMRC) on February 2-4 saw the event return to southern city of Kochi for the first time since 2019 and, judging by the demand for rooms in the run-up to the event, there has been a massive increase in the numbers attending

A Turkish mill in a region geographically unaffected by the earthquakes in the southeast of the country on February 6 made a return to the US ferrous scrap export market on Friday February 10