Delay in July ferrous scrap settlements

Fastmarkets advises that some monthly regional ferrous scrap markets have not settled for July. Fastmarkets typically settles these markets on or before the 10th of each month.

The markets not settled by Monday July 10 include:

• Ferrous scrap domestic consumer buying prices, Hamilton, Ontario
• Ferrous scrap domestic consumer buying prices, Montreal
Negotiations continue, and Fastmarkets will ensure the outstanding markets are settled as soon as the requisite information is made available.

To provide feedback on this notice, please contact Amy Hinton by email at pricing@fastmarkets.com. Please add the subject heading: “FAO: Amy Hinton, re: scrap prices.”

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

What to read next
Fastmarkets has launched MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonne on July 9 due to an expected increase in Indonesia-origin aluminium exports. MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max) in line with LME specifications. Ingot, T-bar, sowQuantity: Min 500 tonnesLocation: FOB IndonesiaTiming: […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Fastmarkets has corrected its daily AG-PLM-0012 refined bleached deodorised (RBD) palm olein, fob Indonesia price assessment, which was published incorrectly on July 7 due to an input error.
Fastmarkets has had a strong interest in the proposed new assessments and would like to gather additional information on the specification and grades that should assess.  Based on the feedback, the proposed specifications have been updated as follows:  Quality: Selected Nordic (Swedish, Finnish, Norwegian) export grades of both planed and rough sawn timber spruce (whitewood) […]
While Fastmarkets understands that the PIX sawn timber FAS Finland indices have not been widely adopted by the industry, we have received feedback that there is commercial use for the indices. Therefore, we propose to maintain them for the time being.  The following indices are affected:  The extended consultation period for this proposed discontinuation starts […]
To increase the transparency of our methodology, Fastmarkets clarifies that the quotation period of the MHP nickel payable indicator is the month of delivery, or the month M. Any data points Fastmarkets received otherwise will be normalized to the M month based on the monthly spreads of the prevailing exchange-traded Class-1 nickel reference price, or […]