Become a customer

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.

March 9, 2023
By Lisa Gordon
Ferrous scrap Pricing notice

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
Amendment to black mass payable indicators
After a one-month consultation period, Fastmarkets has amended the impurity specifications for its weekly payable indicators for black mass in South Korea, Southeast Asia and Europe.
April 26, 2024
 · 
By Lee Allen
Open consultation on methodology for Asia recovered Paper and Asia Packaging Paper and Board
This consultation, which is open until May 23, 2024, seeks to ensure that our methodologies continue to reflect the physical market under indexation, 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 specifications and publication frequency. You can […]
April 26, 2024
 · 
By Nick Chang
Annual Review of PIX Packaging Europe Indices Methodology – Open Consultation
This consultation, which is open until May 23, 2024, seeks to ensure that our methodologies continue to reflect the physical market under indexation, 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 specifications and publication frequency. Fastmarkets FOEX […]
April 25, 2024
 · 
By the Fastmarkets team
Decision to discontinue lithium contract price assessments
Fastmarkets will discontinue its lithium contract price assessments, effective October 2024.
April 24, 2024
 · 
By Justin Yang
Discontinuation of Log Lines prices for Region 4 logs – Implementation
After a consultation period that began on February 19, 2024, and ended on March 21 2024, Fastmarkets has discontinued Region 4 log prices. The last assessment published March 2024.  To provide feedback on this or if you would like to provide price information by becoming a data submitter to Log Lines, please contact William Perritt […]
April 23, 2024
 · 
By William Perritt
Proposal to amend specifications, names of 37% manganese ore indices: pricing notice
Fastmarkets proposes to amend the chemical specifications and names of its CIF, FOB and FOT 37% manganese ore indices.
April 23, 2024
 · 
By Tina Tong