Sentiment in the US domestic scrap market over March trading continues to improve amid sharp price rises seen in Turkey, the largest export destination. A US supplier explains: “Besides the Turkey factor, supply shortages and increasing steel prices are also supporting further rises during March trading.”

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The global merchant slab market appears to have cooled somewhat as trading activity globally slowed after a couple of weeks of renewed activity.The Carnival season in South America has put regional deals on hold for about two weeks, as lead times are also extended into May and offers continue to …

The merchant pig iron market retained its pace in the past week, but activity moved from the western hemisphere to the east. The caveat is the Turkey/Syria effect on the scrap market, which has softened somewhat in
the past week, both in demand and prices, also casting a shadow on …

ArcelorMittal expects global apparent steel consumption outside of China to rebound 2-3% on-year in 2023, supported by the end of destocking that characterised the second half of 2022.For China, the steelmaker expects demand to remain stable.“As we look ahead, evidence suggests that the customer destock we saw in the second …