Why trust Fastmarkets’ steel scrap prices?
Since the beginning of 2020, Fastmarkets has rapidly expanded its coverage of Asia steel scrap markets.
It has launched new steel scrap prices for key markets such as Bangladesh, Japan and South Korea to complement established benchmark prices for the Taiwan, Vietnam, India and China markets to give Fastmarkets subscribers a complete picture of Asian scrap markets.
Fastmarkets has published metal price benchmarks since 1882 and continues to provide comprehensive, transparent and market-reflective prices aligned with IOSCO principles each and every day.
Our trusted ferrous scrap prices are used in contracts, as references in negotiations or as the basis for exchange-linked derivatives in Asia, Europe and the US.
Fastmarkets’ adherence to IOSCO principles ensures that our price assessments are standardized and impartial, with accountability measures built in and confirmed by independent, external auditors. Every price reporter working for Fastmarkets has completed full training on compliance and pricing to IOSCO standards.
This means that you, your business and the rest of the global ferrous scrap supply chain can have complete confidence in our prices.
We are constantly looking at ways to improve our pricing mechanisms to reflect the changing demands of physical markets. Constant engagement with all aspects of the supply chain make this possible. We will continue to evolve our steel scrap pricing mechanisms in line with industry standards and will continue to work with the market to provide credible and transparent pricing tools.
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