Steel prices are expected to rise again soon.

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.

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.

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

Plate prices have remained flat during the same time period, creating a spread that is now $750/st.

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.

Battery Age Minerals reports early success from maiden drilling at Falcon Lake Lithium Project, Canada