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.

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.

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.

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.

The agreement settles the dispute between the Competition Commission and Cape Gate in terms of which the commission alleges that Cape Gate contravened a section of the Competition Act by fixing the price and trading conditions and dividing the market for long ...