Following a 30-day consultation period, Fastmarkets has decided to realign its prices for No1 bundles in Cincinnati and Pittsburgh, including No1 industrial bundles in the latter market, effective with the May 2023 settlement.

Fastmarkets has realigned its prices for No1 busheling in the Pittsburgh and Cincinnati markets effective with the May 2023 settlement.

Fastmarkets decided to change the publication time of the weekly assessment of Mexican ferrous scrap prices on Tuesdays to “between 2pm and 3pm New York time” from “by 2pm New York time."

Fastmarkets proposes to discontinue its consumer buying prices for machine shop turnings in the Cleveland and Pittsburgh markets due to a lack of liquidity.

Fastmarkets is inviting feedback from the industry on the pricing methodology for its steel scrap HMS 1&2 (80:20 mix) US material import, cfr main port Taiwan price assessment, as part of its annual methodology review process.

Fastmarkets is inviting feedback from the industry on the pricing methodologies for its index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey (MB-STE-0416), and its index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey (MB-STE-0417), as part of its annual methodology review process.

North American ferrous scrap prices are due a further downward correction in May following drops incurred on cut grades and shredded scrap in April; primes trended sideways over the period

The current curtailment of barge shipments along the upper portion of the Mississippi River due to flooding is balancing some of the negative sentiment brought on by a swathe of end-of-month cancelations sent out by US mills to their suppliers

The publication of some Fastmarkets prices on Tuesday April 25 was delayed due to technical difficulties.

Following a consultation, Fastmarkets will discontinue its ferrous scrap consumer buying price for cast iron borings in Pittsburgh due to a lack of liquidity.