Cleveland-Cliffs

Steelmakers said demand is rebounding after a slump earlier this year, driven by booming construction and heavy equipment industries, and slowly expanding automotive production.Despite higher raw materials costs triggered by Russia’s…

U.S. steel producers are buying up scrap businesses, seeking a steady supply of raw material from junked cars, old pipes and manufacturing waste for new mills. Indiana-based MetalX LLC began supplying North Star BlueScope with scrap from a…