Fastmarkets is proposing a realignment of its consumer buying price for ferrous scrap No1 bundles in Cincinnati and Pittsburgh, effective from the May 2023 monthly settlement.

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

Recycling is increasingly being considered the best way to reduce carbon emissions from metals production, and huge investment in recycling facilities has been seen in recent years, with robust merger and acquisitions activity

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

Fastmarkets is proposing a realignment of its consumer buying price for ferrous scrap No1 busheling in Cincinnati and Pittsburgh, effective from the May 2023 monthly settlement.

Fastmarkets has corrected its price assessment for steel scrap tin can bundles, consumer buying price, delivered Cleveland, which was published incorrectly on Thursday February 9 due to a reporting error.

A Bangladeshi buyer has paid a large premium to secure a ferrous scrap cargo from the US West Coast, with a slew of post-earthquake cargo deals made to Turkey at higher prices and domestic tightness also boosting the market

March ferrous market poised for staunch increase

Sentiment in the US domestic ferrous scrap market has continued to improve ahead of the March trade, with sellers marveling at the prospect of an unexpected fourth consecutive monthly increase while also lamenting that they are short on inventory to sell

Global deep-sea ferrous scrap sales to Turkey are ramping up at higher prices, stoking bullish sentiment for US exports and March’s domestic trade alike