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Final decision on open consultation on methodology for steel scrap price assessments, indices

Fastmarkets invited feedback from the industry on the pricing methodology for its steel scrap indices and assessments, via an open consultation process between March 12 and April 14, 2025. This consultation was done as part of our published annual methodology review process.

April 16, 2025
By Fastmarkets Staff
Ferrous scrap Global Pricing notice

No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.

Full details of the prices covered by this consultation can be found here.

This consultation, sought 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.

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

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