Delay to January ferrous scrap settlements

Fastmarkets advises that, as of Wednesday January 10, 2024, certain monthly North American ferrous scrap assessments are yet to settle. Fastmarkets typically settles these markets on or before the 10th of the month.

The markets not settled by Wednesday include:

  • Ferrous scrap domestic consumer buying prices, Alabama
  • Ferrous scrap domestic consumer buying prices, Arkansas
  • Ferrous scrap domestic consumer buying prices, Cincinnati
  • Ferrous scrap domestic consumer buying prices, Houston
  • Ferrous scrap domestic consumer buying prices, North Carolina
  • Ferrous scrap domestic consumer buying prices, South Carolina
  • Ferrous scrap domestic dealer selling prices, Atlanta
  • Ferrous scrap domestic dealer selling prices, St Louis
  • Ferrous scrap domestic consumer buying prices, Hamilton, Ontario
  • Ferrous scrap domestic consumer buying prices, Montreal

Other related domestic assessments outstanding as of the same date include:

  • Punchings and plate, Pittsburgh

The delay in assessing these markets comes amid late settlements in multiple regions across North America. Negotiations continue, and Fastmarkets will ensure the outstanding markets are settled as soon as the requisite information is made available.

To provide feedback on this notice, please contact Amy Hinton by email at pricing@fastmarkets.com. Please add the subject heading: “FAO: Amy Hinton, re: scrap prices.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

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

What to read next
Fastmarkets launched AG-WHE-0058 Wheat 10.5% fob US Gulf SRW wheat $/mt on January 6, 2025.
Fastmarkets has corrected several ferrous metal weekly averages, which were published incorrectly on December 28.
Fastmarkets has corrected its MB-CO-0005 cobalt standard grade in-whs Rotterdam price assessment, which was published incorrectly on Monday January 13, 2025, due to a reporter error.
The publication of Fastmarkets’ Ukrainian sunoil and sunmeal, and Russian sunoil assessments between January 2, 2020 and March 11, 2022 were delayed because of a technical issue.
Fastmarkets’ decision follows a one-month consultation to discontinue its China domestic wire rod price because of small transaction volumes and because it is not a major price benchmark or key reference. The consultation received no feedback. The affected price is:MB-STE-0164 Steel wire rod (mesh quality) domestic, ex-whs Eastern China, yuan/tonneFastmarkets will keep its weekly price […]
Fastmarkets published its MB-STE-0232 Steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton on Friday January 10, 2025.