Correction to Fastmarkets’ ferrous scrap punchings and plate prices in Cleveland, Pittsburgh

Fastmarkets has corrected its steel scrap punchings and plate, broker buying price, fob Cleveland (MB-STE-0653) and its steel scrap punchings and plate, consumer buying price, delivered mill Pittsburgh (MB-STE-0598), both of which were published incorrectly on Monday July 10 due to an input error.

The assessment of the steel scrap punchings and plate, broker buying price, fob Cleveland has been corrected to $650 per gross ton from $620 per gross ton. The assessment of the steel scrap punchings and plate, consumer buying price, delivered mill Pittsburgh has been corrected to $715 per gross ton from $685 per gross ton.

Fastmarkets’ database has been updated to reflect this change.

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 these prices, please contact Sean Barry by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Sean Barry Re: punchings and plate.”

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

What to read next
Following an extended period for feedback regarding Random Lengths and Random Lengths International prices and methodologies, Random Lengths has decided to move forward with a pair of alterations to the lumber and panel reports.
Fastmarkets FOEX would like to thank those who took the time to respond to the consultation. Fastmarkets FOEX did not propose any changes to the methodology. The feedback was fully supportive of the current methodology. To summarize, this open consultation does not lead to material changes in the current methodology. A newly dated methodology document […]
Fastmarkets launched a new price assessment for MB-GER-0006 germanium dioxide, in-whs China, on Friday May 10.
The publication of Fastmarkets’ lithium carbonate 99.5% Li2CO3 min, battery grade, spot price cif China, Japan & Korea and lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, battery grade, spot price cif China, Japan & Korea assessments for Thursday May 16 were delayed because of incorrect methodology application.
This consultation, which is open until June 12, 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. Please find […]
Fastmarkets proposes to lower the threshold for the carbon emissions content for its weekly green steel premium and daily inferred green steel price in Europe.