Overseas
August 15, 2025
Written by Stephen Miller
The US scrap export market has traded sideways or slightly less for about 60 days, with no real firmness in sight.
This is true for all three coasts. The same is true in the European theatre. Prices for HMS 80/20 destined for Turkey are at $346 per metric ton (mt) CFR from the US East Coast. The European price is ranging between $340-343/mt CFR Turkey, depending on quality and loading port.
Global raw steel production slowed for the third month in a row in August, according to the latest figures from the World Steel Association (worldsteel).
The US Department of Commerce has preliminarily determined that critical circumstances exist in the countervailing duty (CVD) investigation of imports of large-diameter graphite electrodes (LDGEs) from China.
The Commerce Department has found high dumping rates of Chinese tin mill products in the US market.
In the trade case investigating subsidized wire rod imports from Algeria, the Commerce Department set final subsidy rates and officially issued the countervailing duty (CVD) order.
The US Department of Commerce has raised the anti-dumping duties (AD) on imports of oil country tubular goods (OCTG) from Vietnam.