Get started

Decision to discontinue Seattle/Portland turnings price assessment

Fastmarkets has decided to discontinue its steel scrap machine shop turnings, consumer buying price trend, delivered mill Seattle/Portland, $ per gross ton due to a lack of liquidity.

December 5, 2022
Ferrous scrap Pricing notice

Manufacturing activity in the region has decreased significantly, meaning few turnings are generated and sold to consumers.

Price to be discontinued:
MB-STE-0411
Assessment: Machine shop turnings
Quality: Clean steel or wrought iron turnings, free of iron borings, nonferrous metals in a free state, scale, or excessive oil. May not include badly rusted or corroded stock.
Location: Delivered mill, US/Canada, specified city
Unit: USD per gross ton (Canadian cities in Canadian currency/net tons)
Publication: Monthly, typically before the 10th
Notes: ISRI Code: 219

The consultation period for this price discontinuation began on Monday November 7 and ended on Monday December 5, with changes taking place from Tuesday December 6.

To provide feedback on the proposal to discontinue these converted price assessments, please contact Thorsten Schier by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Thorsten Schier, re: Seattle/Portland turnings.”

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

What to read next
Clarification of holiday schedule for POME price assessments
Fastmarkets wants to clarify that its holiday schedule for its Asian POME price assessments will follow the Singapore holiday calendar.
May 18, 2026
 · 
By Fastmarkets pricing team
Proposal to amend minimum tonnage specification for aluminium P1020A (MJP) spot Premium, cif Japan: pricing notice
Based on preliminary market feedback, market participants noted that smaller-sized spot market transactions may be skewed and not reflective of the wider market. The aluminium P1020A(MJP), cif Japan, assessment specification which has a minimum tonnage of 100 tonnes will be amended to 500 tonnes after the proposed change. The proposed new specifications are as follows, […]
May 18, 2026
 · 
By Fastmarkets pricing team
Delayed publication of Steel scrap shredded index, import, cfr Nhava Sheva, India
The publication of Fastmarkets’ MB-STE-0421 Steel scrap shredded, index, import, cfr Nhava Sheva, India was delayed because of a peer reviewer error. The Fastmarkets pricing database has been updated.
May 15, 2026
 · 
By Fastmarkets pricing team
Delayed publication of European steel hot-rolled coil indices
The following prices were affected: MB-STE-0892 – Steel hot-rolled coil index, domestic, exw Italy, € per tonne MB-STE-0028 – Steel hot-rolled coil index, domestic, exw Northern Europe, € per tonne. These prices are part of the Fastmarkets steel package. For more information, or to provide feedback on the delayed publication of these indices, or if you would […]
May 15, 2026
 · 
By Fastmarkets pricing team
Correction to aluminium, P1020A premium, ddp Midwest US on May 15
MB-AL-0020 Aluminium P1020A premium, ddp Midwest US, US cents/lb was incorrectly published at 113-115 cents per lb. This has been corrected to 115.0-116.5 cents per lb. This price is a part of the Fastmarkets base metals package. For more information or to provide feedback on this correction notice or if you would like to provide price information […]
May 15, 2026
 · 
By Fastmarkets pricing team
Fastmarkets extends consultation period for CJK lithium methodology proposal
Fastmarkets is proposing to change quality and tonnage specifications in its global suite of battery-grade lithium hydroxide and lithium carbonate price assessments. These will include the benchmark assessments of the MB-LI-0033 lithium hydroxide monohydrate, LiOH.H2O 56.5% LiOH min, battery grade, spot price, cif China, Japan & Korea, and the MB-LI-0029 lithium carbonate, 99.5% Li2CO3 min, battery grade, spot […]
May 15, 2026
 · 
By Fastmarkets pricing team