Become a customer

Correction to US East Coast ferrous scrap export indexes

Fastmarkets’ calculation of its steel scrap HMS 1&2 (80:20), export index, fob New York and steel scrap shredded scrap, export index, fob New York were published incorrectly on Wednesday November 16 due to an input error.

November 16, 2022
By Arthur Robert
Ferrous scrap Pricing notice

The steel scrap HMS 1&2 (80:20), export index, fob New York, which was published at $307 per tonne, has been corrected to $299 per tonne as of Wednesday November 16. The $8 per tonne downward correction reflects a recalculation of the inputs received.

The steel scrap shredded scrap, export index, fob New York, which was published at $320 per tonne, has been corrected to $314 per tonne. The $6 per tonne downward correction reflects a recalculation of the inputs received.

The specifications for the affected prices are as follows:

MB-STE-0418 Steel scrap HMS 1&2 (80:20), export index, fob New York, $/tonne
Quality: HMS 1&2 (80/20 mix) compliant to ISRI specifications 200 – 206
Quantity: Min 5,000 tonnes
Location: fob New York, other US East Coast ports normalized
Timing: Within 1 month
Unit: US dollars per tonne
Payment terms: Cash equivalent
Publication date: Every Wednesday (or following day)
Notes: North America origin. bulk carrier

MB-STE-0419 Steel scrap shredded scrap, export index, fob New York, $/tonne
Quality: Shredded scrap compliant to ISRI specifications 210-212
Quantity: Minimum 5,000 tonnes
Location: fob New York, other East Coast ports normalized
Timing: Within 1 month
Unit: US dollars per tonne
Payment terms: Cash equivalent
Publication date: Every Wednesday (or following day)
Notes: North America origin. bulk carrier

For more information or to provide feedback on this notice, or if you would like to provide price information by becoming a data submitter for these prices, please contact Sean Barry by email at pricing@fastmarkets.com. Please add the subject heading: “FAO: Sean Barry, re: US ferrous scrap export index.”

To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

What to read next
Delayed publication of black mass, NCM/NCA, payable indicator US
The publication of Fastmarkets’ MB-BMS-0014 Black mass, NCM/NCA, payable indicator, cobalt, domestic, exw USA, % payable Fastmarkets’ standard-grade cobalt price assessment and MB-BMS-0015 Black mass, NCM/NCA, payable indicator, nickel, exw USA, % payable LME Nickel cash official price assessment for Wednesday November 20 was delayed due to reporter error. Fastmarkets’ pricing database has been updated.
November 22, 2024
 · 
By Sean Barry
Correction to rationale, trade log for battery-grade lithium hydroxide, CIF CJK, November 22
Fastmarkets has corrected the rationale and trade log for MB-LI-0033 lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, battery grade, spot price, cif China, Japan & Korea, which was published incorrectly on Friday November 22.
November 22, 2024
 · 
By Ewan Thomson
Amendment to frequency of exw China battery-grade lithium carbonate, hydroxide assessments: pricing notice
Market feedback shows that these two commodities see active spot liquidity and great price volatility. Therefore, a higher assessment frequency enables Fastmarkets to reflect their spot market dynamics in a more timely manner. The new specifications for the prices are as follows, with the amendment in italics: MB-LI-0036 Lithium carbonate 99.5% Li2CO3 min, battery grade, […]
November 22, 2024
 · 
By Zihao Li
Proposal to reduce frequency, increase timing window of US low-carbon aluminium differentials
Fastmarkets proposes to lower the frequency of its assessments for MB-AL-0389 aluminium low-carbon differential P1020A, US Midwest and MB-AL-0390 aluminium low-carbon differential value-added product US Midwest. Fastmarkets also proposes to extend the timing window of these same assessments to include any transaction data concluded within up to 18 months.
November 21, 2024
 · 
By Yasemin Esmen
Clarification of methodology for aluminium P1020A (MJP) spot premium
Fastmarkets wishes to clarify details around the following aspects of the pricing methodology for MB-AL-0343 aluminium P1020A (MJP) spot premium, cif Japan, $ per tonne.
November 21, 2024
 · 
By Jingtai Lun
Correction to aluminium scrap, old sheet (Taint/Tabor), cut sheared, 5-8% attachments, cif India
Fastmarkets has corrected its MB-AL-0399 aluminium scrap, old sheet (Taint/Tabor), cut sheared, 5-8% attachments, cif India price assessment, which was published incorrectly on Wednesday November 20.
November 20, 2024
 · 
By Aameer Sayed