PRICING NOTICE: Correction to UK, Rotterdam export steel scrap prices

Fastmarkets has corrected its UK and Rotterdam export steel scrap prices, which were published incorrectly on Friday November 8.

Fastmarkets’ price assessment for steel scrap HMS 1&2 (80:20 mix) export, fob main port UK was published in error on November 8 at $253-255 per tonne, but has been corrected to $232-234 per tonne.

Fastmarkets’ price assessment for steel scrap shredded export, fob main port UK was also published in error on the same date at $258-260 per tonne, and has been changed to $237-239 per tonne.

And Fastmarkets’ price assessment for steel scrap shredded export, fob Rotterdam was originally published at $253-255 per tonne on November 8, and has now been corrected to $231-233 per tonne.

Fastmarkets’ pricing database, MInD, has been updated to reflect these changes.

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 Cem Turken by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Cem Turken, re: steel scrap.’

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

What to read next
The rationale for AG-SYB-0006 Soybean CFR China (US Gulf) Premium c$/bu erroneously stated “The soybean CFR China (USG) basis assessment for September shipment was assessed 23 cents per bu lower at a premium of 193 cents per bu over the September CME soybean futures contract in line with the respective FOB assessment, prevailing freight indications […]
Fastmarkets has corrected its MB-BMS-0015 Black mass, NCM/NCA, payable indicator, nickel, exw USA, % payable LME Nickel cash official price, which was published incorrectly on Wednesday, July 16.
Fastmarkets confirms its decision to discontinue its two domestic European stainless steel base price assessments.
This strategic launch is designed to better delineate the relationship between these two competing steelmaking materials. The differentials offer the market a single reference price denoting the spread between Turkey import billet and No1 and No2 heavy melting scrap (80:20) and between Turkey import billet and shredded scrap exported from the US East Coast respectively. […]
The publication of Fastmarkets’ assessments for nickel 4x4 cathode, nickel briquette and nickel uncut cathode premiums in-whs Rotterdam was delayed on Tuesday July 16 because of a reporter error.
Fastmarkets has corrected its alumina index inferred prices, which were published incorrectly on Tuesday July 15.