Fastmarkets’ price assessment was erroneously published at C$570 per gross ton, and has subsequently been revised to C$575 per gross ton. Fastmarkets’ pricing database have been updated to reflect this change.
Fastmarkets’ methodology specifications for the price in question are as follows:
MB-STE-0336 Steel scrap shredded auto scrap, consumer buying price, delivered mill Hamilton, Canadian $/net ton
Quality: Homogeneous iron and steel scrap magnetically separated, originating from automobiles, unprepared No. 1 and No2 steel, miscellaneous baling and sheet scrap. Average density 70 pounds per cubic foot.
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: 211
Notes: A separate methodology for the AMM Midwest index is available
This price forms part of Fastmarkets’ scrap package
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: Hamilton auto shred price.”
Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
