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Fastmarkets is proposing to discontinue its broker buying, FOB, price assessments for punchings and plate grade ferrous scrap in the Cleveland and Pittsburgh markets.
Fastmarkets is proposing to adjust the methodology for its FOB NOLA alternative irons prices to include bids, offers and assessments of the market as well deals in its weekly pricing session.
Fastmarkets has adjusted its dealer selling price assessments for ferrous scrap in Atlanta, effective Tuesday October 10.
The publication of Fastmarkets’ manganese ore fot indices for Monday October 9 was delayed due to a reporter error.
The London Metal Exchange (LME) is trialing the expansion of its closing price methodology across five of its base metals contracts ahead of launching next year, the exchange’s chief executive officer told Fastmarkets
Nickel market participants rejected the idea of making nickel sulfate or other Class 2 products eligible for delivery against the Class 1 London Metal Exchange (LME) contract and want the exchange to instead focus on fixing the existing contract, according to the LME chief executive officer
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