Become a customer

CME busheling futures trade 66 lots

CME Group’s busheling futures contracts traded 66 lots (1,320 gross tons) on Tuesday January 25, up from 15 lots during the previous session

January 27, 2022
By Sean Barry
Futures Steel raw materials

The front-month February contract traded 31 lots and settled down by $10 at $525 per ton, according to a daily report from the exchange.

A total of 35 lots were traded on the March contract, which settled unchanged at $530 per ton.

Open interest stood at 6,198 lots, or 123,930 tons, up by 11 lots from 6,187 lots in the prior day’s trading.

Fastmarkets assessment of the steel scrap No1 busheling, consumer buying price, delivered mill Chicago was at $520 per ton on January 10, down by 10.34% from $580 per ton on December 6.

CME’s busheling futures contracts are settled against Fastmarkets’ steel scrap No1 busheling index, delivered Midwest mill, which was calculated at $542.33 per ton on January 10, down by 10.18% from $603.81 per ton on December 10.

To keep up with steelmaking trends throughout 2022, visit our steel and raw materials page.

What to read next
Why China’s new 2024 steel output cut policy is altering value chain dynamics
China’s National Development and Reform Commission (NDRC) will work with relevant parties to regulate crude steel production, with a focus on energy saving and reducing carbon emissions. It will also release guidance on crude steel output for different steel mills later this year after a national investigation on steel capacity
April 19, 2024
 · 
By Jessica Zong
China’s domestic stainless steel prices rise following metal sanctions on Russia
China's stainless steel prices saw a notable increase last week, driven by global sanctions affecting nickel, which is a key component
April 18, 2024
 · 
By Jessica Zong
Amendment to South Korea steel scrap import spot price assessments
Fastmarkets will amend the frequency of its price assessments for MB-STE-0879 Steel scrap H2 Japan origin import, cfr South Korea and MB-STE-0880 Steel scrap HMS 1&2 (80:20) deep-sea origin import, cfr South Korea on Friday April 12.
April 12, 2024
 · 
By pricing@fastmarkets.com
Final decision of open consultation on coking coal indices, coke assessment
Fastmarkets invited feedback from the industry on the pricing methodology for its coking coal indices and coke assessment, via an open consultation process between February 20 and March 31. This consultation was done as part of our published annual methodology review process.
April 2, 2024
 · 
By Bella Cheng
RBD soybean oil basis futures contracts: The benefits
As the Intercontinental Exchange launches the first RBD soybean oil futures contract, David Becker explains the advantages of having an exchange-traded derivative and how this will help protect against price volatility
March 28, 2024
 · 
By David Becker
Proposal to adjust Fastmarkets’ foundry pig iron assessment
Fastmarkets is proposing to adjust its price assessment for MB-FEN-0004 Pig iron foundry grade, Brazil, fob New Orleans, $/tonne
March 5, 2024
 · 
By Amy Hinton