Fastmarkets has corrected its MB-STE-0242 steel scrap heavy breakable cast, consumer buying price, delivered mill Chicago, which was published incorrectly on Friday June 9 due to a technical error.

The premium for green steel in the European domestic flat product market was stable this week, compared with prices heard in recent weeks, reflecting an emerging consensus around the value of material produced with low-emissions, Fastmarkets heard on Thursday June 8

Fastmarkets advises that, as of Friday June 9, some regional ferrous scrap prices and markets have not settled for June; Fastmarkets typically settles these markets on or before the 10th of each month.

Fastmarkets proposes to amend the specifications for its weekly payable indicators for black mass in South Korea.

Pricing green steel remains a challenge because there has yet to be a universal definition of what it entails, said panelists at the Singapore Green Steel Forum 2023 on Tuesday May 23

Fastmarkets has launched two new Green Steel prices for the European domestic market, starting Thursday June 8.

According to a keynote speaker at the Singapore Green Steel Forum on Tuesday May 23, advancements in green steel require the collaboration of all stakeholders in all regions if they are to succeed

Fastmarkets has corrected the rand fixing prices for LME-traded base metals, which were published incorrectly on Tuesday June 6 due to a technical error.

Read more about our suite of green steel benchmarks that will assess the price differential against traditional flat steel prices

Fastmarkets will discontinue its consumer buying assessment for steel scrap rail crops 2ft max, delivered mill Chicago, effective July 1 amid a sustained lack of liquidity for that grade in that market.