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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.

March 14, 2024
By Amy Hinton
Pricing notice Scrap and secondary

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.

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