Holiday Notice: Good Friday

Fastmarkets’ United States offices will be closed on Friday April 15 in observance of Good Friday. There will be no separate AMM Daily Newsletter or AMM Scrap Settlements newsletter dated Tuesday April 19, although automated newsletters will still be available via the Fastmarkets Dashboard.

Pricing
The New York Mercantile Exchange and London Metal Exchange are closed on April 15 and the LME is also closed on Monday April 18.

Schedule changes
Steel prices in the Americas normally published on Fridays – including weekly plate and Latin American steel assessments – will instead be published on April 18 and Thursday April 14 respectively.

Nonferrous prices, including the Midwest aluminium premium, will instead be updated on April 14. Scrap prices usually due on the day, including the bi-monthly city scrap prices, will instead be published on April 18. There will be no daily hot-rolled coil index or daily busheling indicator for April 15.

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

What to read next
Steel producers in the United States remain optimistic about construction demand despite its lackluster short-term outlook, according to market participants
After a consultation period, Fastmarkets has amended the pricing frequency of its MB-STE-0141 steel billet import, cfr Manila, $/tonne, price assessment from a daily basis to twice per week.
Fastmarkets' initial low-carbon premium for nickel briquettes captured existing regional price differences, with growing awareness and legislative incentives indicating there is potential for a strong market to emerge
Liberty Steel will "temporarily pause" production at its wire rod mill in Georgetown, South Carolina, and shift the plant's production to making steel wire mesh and welded steel products, the company announced on Friday April 19
Fastmarkets invites further feedback on proposed amendments to its newly launched MB-NI-0256 Nickel low-carbon briquette premium, cif global, price assessment.
Fastmarkets proposes to amend its MB-STE-0782 steel billet export, fob ports Iran and MB-STS-0019 steel slab export, fob ports Iran assessments.