PRICING NOTICE: Changes to monthly UK scrap assessments

Following a review of its pricing portfolio, Steel First proposes the following changes to its monthly UK scrap assessments.

March 5, 2015

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These are:

The discontinuation of the monthly 7B heavy steel turnings assessments. The last assessment will be published for the March 2015 price settlement.

Splitting the monthly assessment for category 12 A/C/D new production heavy and shovellable steel into two categories for category 12 A/C and 12 D respectively. The last combined category assessment will be published for the March 2015 price settlement. The two new categories will be launched in April 2015.

Launch of a monthly inter-merchant price assessment for turnings delivered to export dock starting in April 2015

If you have any comments on this proposal, please contact Antonio Peciccia at antonio.peciccia@steelfirst.com.