Delay to November ferrous scrap settlements

Fastmarkets advises that, as of Monday November 11, 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 Monday include:

• Ferrous scrap domestic consumer buying prices, Cincinnati 

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 Sean Barry by email at pricing@fastmarkets.com. Please add the subject heading: “FAO: Sean Barry, 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
A raft of commodities including steel, aluminium, and copper emerged from Wednesday April 2, which was dubbed ‘Liberation Day’ in the United States, with a reprieve from reciprocal tariffs
EV advocate Quentin Wilson talks myths, market trends and the road ahead
The Trump administration has introduced reciprocal tariffs, matching about half the rates imposed by US trade partners, with a minimum of 10%, to boost domestic industries and achieve "economic independence." While praised by US steel manufacturers for protecting jobs, the effect on trade relationships with partners like Canada and Mexico remains uncertain.
The publication of Fastmarkets’ Turkish steel scrap import indices was delayed on Wednesday April 2 because of a technical fault. Fastmarkets’ pricing database has been updated. The following prices were affected: MB-STE-0416 Steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey, $/tonne MB-STE-0417 Steel scrap HMS 1&2 (80:20 mix) US origin, cfr Turkey, […]
In the second of a two-part series, Fastmarkets looks at opportunities for the Asia ferro-alloys sector that could result from US-China trade tensions or against a backdrop of greater trade protection, ahead of the Asia Ferroalloys 2025 Conference
As US-China trade tensions intensify, Fastmarkets outlines the key challenges and opportunities for the Asian ferro-alloys sector ahead of the Asia Ferroalloys 2025 Conference.