Steel prices, which had been on an upward trajectory since the COVID-19 pandemic, started softening late in the third quarter of 2021 as steel supply increased and lead times shortened. Ferrous scrap ...

The year 2021 has been tough on crude oil tanker freight rates across the board so far. Consequently, the industry buzz has been all about largescale scrapping of tankers, but so far, it has been all ...

U.S. steel prices have fallen by more than 15% since late-April highs. The drop is likely due to a drop in demand from the U.S. manufacturing sector. Infrastructure spending could add price support ...

Radius Recycling's profitability is poised to improve due to rising domestic steel prices driven by tariffs, which will increase scrap steel prices and expand margins. Despite historical ...

Scrap currently contributes nearly 21% of India’s crude steel production, compared to a global average of around one-third. While the scrap consumption in the Indian steel sector has been rising, the ...

This week, stainless steel spot prices and production costs rose in tandem, further widening steel mills' profit margins. Taking 304 cold-rolled products as an example, based on the raw material ...

The price of mild steel (MS) rod has inched up in recent months, supported by seasonal construction demand and a rebound in international scrap steel prices since December.

Successive waves of soaring valuations for technology-focused stocks at times have left basic materials producers looking like part of a sector with a proud past but a lackluster future. Those earlier ...

India plans to ramp up the use of steel scrap as it pushes towards a crude steel capacity of 300 million tonnes by 2031. ‘Scrap consumption in Indian ...