Fastmarkets published its assessment of the MB-STE-0232 steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton on Monday September 8, 2025.

Recycling metal is taking on an ever-larger role at the heart of Saudi Arabia's rapid industrial transformation, recycling giant Al Qaryan Group's Ferrous Commercial Director Ahmed Khadr told Fastmarkets in an exclusive interview in August.

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our September survey.

This proposal follows the transition of the settlement of the Chicago Mercantile Exchange No1 busheling contract to Fastmarkets’ assessment of the Chicago No1 busheling price on December 16, 2024. The index has remained active in the interim to support existing contracts that are settled against that calculated number. The specifications for the affected index are […]

This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.

Fastmarkets has continued the expansion of its Middle Eastern scrap price suite with the launch of an index for domestic heavy melting steel (HMS) scrap in Saudi Arabia on Tuesday August 5.

Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our August survey.

India’s ferrous scrap imports have rebounded in early 2025 but remain vulnerable due to competitive domestic DRI prices and shifting sourcing strategies by steelmakers. While near-term demand is subdued, long-term prospects depend on evolving supply chains and policy decisions.

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. […]

Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]