Fastmarkets will realign its consumer buying price for ferrous scrap machine shop turnings in Chicago, effective from the December 2022 monthly settlement.

Fastmarkets’ calculation of its steel scrap HMS 1&2 (80:20), export index, fob New York and steel scrap shredded scrap, export index, fob New York were published incorrectly on Wednesday November 16 due to an input error.

Fastmarkets RISI invited feedback from the industry on the pricing methodology for European paper and board via an open consultation process between August 11 and September 9, 2022.

Fastmarkets has discontinued the following converted price assessments:

Fastmarkets proposes to discontinue its steel scrap machine shop turnings, consumer buying price trend, delivered mill Seattle/Portland, $ per gross ton, due to a lack of liquidity.

Fastmarkets proposes to discontinue three foundry grade price assessments included in its Detroit consumer buying price series due to a lack of liquidity.

Fastmarkets has, in line with our annual methodology review process, concluded a consultation that opened on September 30, inviting feedback on its non-ferrous methodology.

Fastmarkets proposes to launch a secondary aluminium billet delivered duty paid Europe premium in response to the recent growth in the secondary market.

Fastmarkets has as of Thursday November 3 discontinued its its price assessment for steel reinforcing bar (rebar) export, fob Black Sea, CIS (MB-STE-0015).

Following a one-month consultation, Fastmarkets has amended its 62% Fe iron ore port index base specifications to more closely reflect the chemical composition of mainstream mid-grade ores produced in Australia’s Pilbara region