Following the transition of its Houston ferrous scrap prices to consumer buying from dealer selling in January, Fastmarkets has published a monthly post-settlement notice detailing month-on-month market changes.

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Fastmarkets proposes to discontinue its consumer buying price for steel scrap rail crops 2ft max, delivered mill Chicago, due to a lack of liquidity.

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."

After assessing a high volume of market feedback, Fastmarkets is extending by one week the consultation period for its proposal to launch black mass payables indicators in the South Korean market.

Fastmarkets is inviting feedback from the industry on the pricing methodologies for its FOB US mill price assessments for steel cold-rolled coil, hot-dipped galvanized coil and cut-to-length plate, as part of its annual methodology review process.

London Metal Exchange (LME) warehouse nickel stocks have reached their lowest point since 2007 on Wednesday May 3, following gradual withdrawals in recent weeks