Here are the four key takeaways from the US scrap market participants in our May survey

Steel producers in the United States remain optimistic about construction demand despite its lackluster short-term outlook, according to market participants

After a consultation period, Fastmarkets has amended the pricing frequency of its MB-STE-0141 steel billet import, cfr Manila, $/tonne, price assessment from a daily basis to twice per week.

Liberty Steel will “temporarily pause” production at its wire rod mill in Georgetown, South Carolina, and shift the plant’s production to making steel wire mesh and welded steel products, the company announced on Friday April 19

Fastmarkets proposes to amend its MB-STE-0782 steel billet export, fob ports Iran and MB-STS-0019 steel slab export, fob ports Iran assessments.

Fastmarkets proposes to amend its MB-STE-0896 steel slab import, cif Italy, $/tonne price assessment.

Ferrous scrap could serve as a linchpin in decarbonizing both the steel and shipping sectors in South Korea, particularly in the short term, while waiting for emerging technologies such as hydrogen-based direct-reduced iron to be commercialized, Fastmarkets heard at a seminar on green steel and circularity

China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity

Fastmarkets proposes to amend the specifications of five of its steel products assessments and billet index originating from the Black Sea basin.

China’s stainless steel prices saw a notable increase last week, driven by global sanctions affecting nickel, which is a key component