Become a customer

Proposal to discontinue assessment for 2ft rail crops in Chicago

Fastmarkets proposes to discontinue its consumer buying price for steel scrap rail crops 2ft max, delivered mill Chicago, due to a lack of liquidity.

May 8, 2023
By Amy Hinton
Ferrous scrap Pricing notice

The specifications for the affected scrap grade are as follows:

MB-STE-0244
Assessment: Rail crops, 2’ max
Quality: Standard section, original weight of 50 pounds per yard and over, 18 inches long and under. 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
ISRI Code: 28A

The consultation period for this price discontinuation will begin on Monday May 8 and end on Wednesday June 7, with changes taking place, subject to market feedback, on July 1. All short-term forecasts associated with these prices produced by Fastmarkets, if any, will also be discontinued.

To provide feedback on these prices, or if you would like to provide price information by becoming a data-submitter to the ferrous scrap assessments, please contact Amy Hinton at pricing@fastmarkets.com. Please add the subject heading: FAO: Amy Hinton re: Chicago 2ft rail crops.

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

What to read next
Proposal to launch Nordic sawn timber export prices for Europe; discontinue PIX Sawn Timber Finland export indices: pricing notice
Fastmarkets proposes to launch Nordic sawn timber export prices for selected European markets and grades, while discontinuing the PIX Sawn Timber FAS Finland indices. The PIX sawn timber FAS Finland indices have not been widely adopted by the industry and the new price assessments will offer more end-market-specific data for major European markets and will […]
May 16, 2025
 · 
By Tuomo Neuvonen
Clarification of global lithium methodology
To increase transparency, Fastmarkets has further clarified how it handles price movements during periods of low liquidity. Factors that Fastmarkets may consider during times of low liquidity include, but are not limited to: market fundamentals such as changes in inventory levels, shipments, operating rates and export volumes; relative fundamentals of similar commodities in the same […]
May 15, 2025
 · 
By Grace Asenov
Final decision on open consultation on annual methodology review for PIX Packaging GCC (Middle East) Indices
Fastmarkets invited feedback from the industry on the pricing methodology for PIX Packaging GCC indices via an open consultation process between April 16 and May 14, 2025. This consultation was done as part of our published annual methodology review process. Full details of the prices covered by this consultation can be found here. No feedback […]
May 15, 2025
 · 
By Fastmarkets FOEX
Open consultation on annual methodology review for PIX Forest Biomass Finland indices
Fastmarkets is inviting feedback from the industry on the pricing methodology for the PIX Forest Biomass Finland price indices, as part of its announced annual methodology review process. This consultation, which is open until June 12, 2025, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the […]
May 15, 2025
 · 
By Fastmarkets Forest Products
Delayed publication of alumina index, fob Australia
The publication of the following price was delayed for 10 minutes: MB-ALU-0002 Alumina index, fob Australia, $/tonne This price is a part of the Fastmarkets Base Metals package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide price information by becoming a data submitter […]
May 14, 2025
 · 
By James McKeigue
Proposal to amend frequency of Taiwan base metals premium and delivery timing for tin 99.99% ingot premium
Fastmarkets proposes to amend the frequency of Taiwan base metals prices from biweekly to monthly, and the delivery timing for the tin 99.99% ingot premium from two weeks to four weeks.
May 13, 2025
 · 
By Chay Chye Leng