Correction to 400 series stainless steel scrap prices on March 11

Fastmarkets has corrected its price assessments for stainless steel scrap 409 and 430 bundles delivered to mill, Pittsburgh, which were published incorrectly on Monday March 11.

MB-STS-0136 stainless steel scrap 409 bundles, solids, consumer buying price, delivered mill Pittsburgh was published at $542-632 per gross ton on Monday.

MB-STS-0258 stainless steel scrap 409 bundles, solids, consumer buying price, delivered mill Pittsburgh was published at 24.20-28.20 cents per lb on Monday.

These prices have subsequently been corrected to $560-620 per gross ton and 25-28 cents per lb respectively.

MB-STS-0135 stainless steel scrap 430 bundles, solids, consumer buying price, delivered mill Pittsburgh, was erroneously published at $632-732 per gross ton on Monday.

MB-STS-0257 stainless steel scrap 430 bundles, solids, consumer buying price, delivered mill Pittsburgh, was also erroneously published at 28.20-32.70 cents per lb on Monday.

The prices have subsequently been corrected to $620-670 per gross ton and 28-30 cents per lb respectively.

Fastmarkets’ pricing database has been updated to reflect this change.

These prices form part of Fastmarkets’ Scrap Physicals package.

For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data submitter to these prices, please contact Amy Hinton by email at pricing@fastmarkets.com. Please add the subject heading: “FAO: Amy Hinton, re: stainless scrap prices.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

What to read next
Fastmarkets has corrected the pricing rationale for MB-AL-0302 aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), $/tonne, which was published incorrectly on Friday April 19. No prices were corrected.
Fastmarkets proposes to amend the specifications of five of its steel products assessments and billet index originating from the Black Sea basin.
Fastmarkets launched a suite of CIF India aluminium scrap prices on Wednesday April 17.
Fastmarkets is inviting feedback from the industry on the methodology for its audited non-ferrous price assessments, as part of its announced annual methodology review process.
This consultation, which is open until May 16, 2024, seeks to ensure that our methodologies continue to reflect the physical graphic paper market, in compliance with the International Organization of Securities Commissions’ (IOSCO) Principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. Fastmarkets FOEX […]
Fastmarkets launches MB-STE-0914 steel coil 55% Al-Zn coated steel import, South Korean-made, ddp Gulf Ports, and MB-STE-0915 steel coil 55% Al-Zn coated steel import, non-South Korean-made, ddp Gulf Ports on Tuesday April 16.