The deadly storm may lead to a temporary near-to-medium-term uptick in steel prices, as scrap flows dwindle and the need for new steel soars, sources said. “[Original equipment manufacturers] and service centers will experience a boost in sales to rebuild from the hurricane,” one mill source said. “The rebuild includes new equipment like tree-trimming trucks, […]

Year-on-year increases in contract base prices for special bar quality (SBQ) steel products put 2023 deal levels on par with spot prices seen early this month, market participants told Fastmarkets, noting that some buyers also negotiated shorter contract terms on fears of a price drop late next year

When it comes to machine learning, computer vision, data analytics and artificial intelligence, the steel industry faces challenges in achieving a measurable and permanent return on investment, panelists said during Fastmarkets’ Steel Success Strategies Online conference on Tuesday October 27.

Is the switching to scrap-based electric-arc furnace (EAF) steel production enough to get the industry to net-zero carbon dioxide emissions? The answer is probably not.

Both the North American and Brazilian markets have strong growth potential stemming from infrastructure-related activity, Gerdau’s global chief financial officer Harley Scardoelli told attendees at Fastmarkets' 2020 Steel Success Strategies Online conference on Wednesday October 28.

Despite the Covid-19 pandemic and its impact on the global steel industry, there was still much to celebrate as the winners of the 11th annual Fastmarkets Global Awards for Steel Excellence were announced virtually on Thursday July 23.

Here are five Fastmarkets stories you might have missed on Thursday May 7 that are worth another look.

Gerdau Long Steel North America plans to resume operations at its Sayreville, New Jersey, steel mill next week. The mill had been left without power in the wake of Hurricane Sandy.

Brazil-based steel producer Gerdau has made further moves this month in its asset divestment programme, announcing the sale of its Chilean operations to local family-owned groups Matco and Ingeniaría e Inversiones for $154 million.

The latest news and price moves to start the Asian day on Wednesday January 10.