Get started

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
Proposal to launch nickel pig iron CIF China price assessment: pricing notice
Nickel pig iron (NPI) is a key feedstock material used for stainless steel production, and the CIF has grown to become one of the mainstream trading methods for the Chinese market. The proposed price assessment will allow Fastmarkets to bring more transparency to the Chinese NPI market. Fastmarkets has been tracking spot and DDP China […]
July 15, 2025
 · 
By Dylan Duan
Open consultation on Fastmarkets’ iron ore 61% Fe fines index specifications: pricing notice
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
July 10, 2025
 · 
By Shu Yi Zheng
Launch of Indonesian 65/63% CSR coke price assessment: pricing notice
Following a month-long consultation period which took place between May 26-June 23, Fastmarkets will launch the weekly price assessment to better reflect the Indonesian coke market, given that the country has been a key exporter of coke worldwide since 2023. The price specifications are as follows: MB-COA-0009 Coke 65/63% CSR, fob IndonesiaQuality: 65/63% CSR, 12.5% max Ash, 0.65% max […]
July 1, 2025
 · 
By Bella Cheng
Green, Sphere, Moss
Steel decarbonization: High-grade iron ore faces challenges
The global steel industry’s move to decarbonize and China’s penchant for lower-grade ores in recent years have uncovered challenges for high-grade iron ore to live out its value in both the blast furnace-based steelmaking route and the direct-reduction iron process, delegates told Fastmarkets during the Singapore International Ferrous Week (SIFW), which takes place from May 26-30.
June 16, 2025
 · 
By Alice Li
Railway, Train, Transportation
Global iron ore market: 2025 outlook 
The global iron ore market, a pivotal component of the steelmaking industry, has historically been driven by simple supply and demand dynamics. However, steel trade tariffs, trade wars and a growing trend toward resource nationalism are reshaping this once-basic industrial staple. These forces, alongside rising environmental regulations and shifting trade patterns, are profoundly influencing iron ore pricing, production and consumption trends. 
June 16, 2025
 · 
By the Fastmarkets team
Food, Meat, Fruit
Fastmarkets launches 61% iron ore index to track pricing shifts
The playing field for global iron ore brands could be poised to be leveled, given a recent announcement on lower iron content in a key mainstream Australian direct shipping ore, iron ore market participants told Fastmarkets, adding that the development could narrow the price disparities between major Australian mid-grade iron ore brands.
June 13, 2025
 · 
By Paul Lim