Correction to ferrous scrap steel scrap tin can bundles

Fastmarkets has corrected its price assessment for steel scrap tin can bundles, consumer buying price, delivered Cleveland, which was published incorrectly on Thursday February 9 due to a reporting error.

Fastmarkets initially assessed the market for steel scrap tin can bundles, consumer buying price, delivered Cleveland at $420 per gross ton. This has now been corrected to $430 per gross ton.

The specifications for the affected scrap grades are as follows:

MB-STE-0269
Assessment: Steel (tin) can bundles Quality: Steel can scrap compressed to charging box size and weighing not less than 75 pounds per cubic foot. Cans may be baled without removal of paper labels, but free of other non-metallics. May include up to 5-gallon tin coated containers.
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: 213

For more information, or to provide feedback on this correction notice, or if you would like to provide price information by becoming a data submitter to this price, please contact Lisa Gordon by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO Lisa Gordon, re: steel scrap tin can bundles.’

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

What to read next
An incorrect EUR/USD exchange rate, used to convert the cost of inputs priced in euros to US dollars, caused the prices to be calculated incorrectly. This has now been rectified. The following prices were affected: AG-SAF-0004 Sustainable aviation fuel (SAF max), base cost, exw Netherlands, $/tonnePublished incorrectly as: $2,995 per tonneCorrected to: $1,996 per tonne […]
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Fastmarkets has corrected its MB-GD-0001 Gadolinium oxide 99.99%-99.999% fob China, $/kg price, which was published incorrectly.
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
The consultation, which is open until Friday March 6, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price […]
The price subject to this annual review is Fastmarkets’ MB-STE-0141 steel billet import, cfr Manila, $/tonne.​This consultation, which is open until Friday March 6, seeks to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies (PRAs). This […]