US Scrap Trends Outlook: July
North American steel scrap prices could face their third consecutive month of decline across all grades in July as traditional summer production slowdowns hinder demand. |
AISI: US Raw Steel Production in the week ending on July 1, 2023
Broken down by districts, here’s production for the week ending July 1, 2023 in thousands of net tons: North East: 137; Great Lakes: 563; Midwest: 215; Southern: 758 and Western: 67 for a total of 1740. |
Four takeaways from the Global Steel Dynamics conference
Taking center stage this year were questions over premiums on and standards for green steel, carbon tariffs at the border, the stability of scrap supply in the US and hydrogen’s promising role in decarbonizing steel production. |
Exports in May 2023: -0.1% on April 2023
Exports in May 2023: -0.1% on April 2023 |
Nucor keeps plate pricing flat
Plate prices have remained flat during the same time period, creating a spread that is now $750/st. |
India's Vedanta begins strategic review of steel assets
Indian private-sector resources firm Vedanta has announced a strategic review of its steel and steel raw materials business, including potential sale of some assets. |
AM’s Fos steelworks to shut indefinitely in 6-8 weeks
ArcelorMittal, Europe's largest steelmaker, says the process to shut down the French steelworks is "well under way", with the process taking 6-8 weeks in total owing to its complexity. |
Vietnamese steel prices drop for 10th straight month in May
Sales of the products in May increased by 26.08% month-on-month to 927,618 tonnes but were unchanged compared to the same period last year. |
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