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
Renewed US-China trade tensions with Donald Trump’s second presidential term could bolster Southeast Asia’s aluminium scrap industry in 2025, particularly amid still-growing Chinese demand, sources told Fastmarkets by Tuesday, January 14.
Fastmarkets launched AG-WHE-0058 Wheat 10.5% fob US Gulf SRW wheat $/mt on January 6, 2025.
Fastmarkets has corrected several ferrous metal weekly averages, which were published incorrectly on December 28.
China issued its first national standard for black mass material used in lithium-ion battery recycling on the final day of 2024, with market participants expecting that it will provide clearer guidance on importing the material into the powerhouse country, Fastmarkets heard on Friday January 10.
Fastmarkets has corrected its MB-CO-0005 cobalt standard grade in-whs Rotterdam price assessment, which was published incorrectly on Monday January 13, 2025, due to a reporter error.
The publication of Fastmarkets’ Ukrainian sunoil and sunmeal, and Russian sunoil assessments between January 2, 2020 and March 11, 2022 were delayed because of a technical issue.