Turkey
Chinese steel furnaces temper output in May
Although steel output in China fell by nearly 7 percent year on year this May, the nation produced 600,000 metric tons more steel compared with the prior month.
More in Turkey
BIR World Recycling Convention 2025: Recycled steel usage stalls in 2024
Despite increased global electric arc furnace market share, most major steel-producing nations melted less ferrous scrap last year compared with 2023.
Global steel output drops in April
After a March spike, Chinese furnaces cut production in April by nearly 7 million metric tons.
A winter to remember
After recycled steel prices spent 2024 in the doldrums, supply-related factors contributed to a spike in values in the first quarter of this year.
Turkey neglects US scrap in favor of Russian shipments
While U.S. recycled steel shipments to Turkey fell by 23 percent in the first quarter, that nation’s mills more than doubled their purchases of Russian ferrous scrap.
Some momentum at home
Turkey’s domestic ferrous scrap supply has strengthened in the past year.
RMDAS April figures show recycled steel price setback
Steel mills paid from $20 to $40 less per ton for benchmark recycled steel grades in late March and the first three weeks in April.
LME reports healthy trading volumes in Q1
London Metal Exchange cites double-digit first quarter 2025 increases in nickel, tin and copper trading compared with early 2024.
Copper exempted from latest round of tariffs
The red metal, along with pharmaceuticals, semiconductors and lumber, earns an exemption from “reciprocal” tariffs on most goods entering the U.S.
Tight supply keeps prices buoyant
Some early March reports indicated the U.S. mill buying season would result in more price gains for ferrous scrap.
Global steel output tapers downward
Steelmakers worldwide decreased their output this February by 3.4 percent compared with February 2024 and by 4.4 percent compared with this January.
