Correction to steel scrap heavy scrap domestic, delivered mill China price on March 7

Fastmarkets has corrected its MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, which was published incorrectly on Friday March 7.

Fastmarkets’ weekly price assessment for MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China was initially published as 2,400-2,550 yuan per tonne on March 7 due to a typographical error. This has since been corrected to 2,400-2,570 yuan per tonne.

Fastmarkets’ pricing database has been updated to reflect this change.

This price is part of the Fastmarkets’ scrap package.

For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to this price, please contact Carman Chew by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Carman Chew, re: China domestic scrap.”

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 Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

What to read next
Green steel ambitions hinge on a simple truth: the world needs more direct reduction (DR)-grade iron ore. Yet, the market rarely provides the stable price signals that unlock investment. This is the final instalment in our series on the iron ore paradox, exploring how iron ore volatility stifles the capital expenditure needed for a low-carbon future.
Fastmarkets has corrected its AG-SYB-0082 Crush Margin US Soy M1 c$/bu price, which had all forward curve months published incorrectly in the month of April 2025 and M2 published incorrectly in October 2025.
Fastmarkets is clarifying the holiday pricing calendar for its price assessments for pig iron exports from Brazil and pig iron imports in the US.
Following an informal consultation with the market, and a review of typical data sets that are collected over the recent months, Fastmarkets now proposes to increase the frequency of MB-BX-0016 Bauxite, cif China, $/dmt price to weekly basis and extend the timing of the price to reflect cargoes for arrival within 90 days, as well as moving the publish time to Friday from Wednesday.
Fastmarkets has launched the MB-BX-0017 Bauxite, FOB Guinea price, $/dmt on Friday December 19, 2025.
Fastmarkets has corrected the MB-ALU-0002 Alumina index, fob Australia, $/tonne, which was published incorrectly on Wednesday December 17 due to a procedural lapse. Fastmarkets has also corrected the index's rationale and all related inferred indices.