Correction to Fastmarkets’ Cleveland heavy melt ferrous scrap

Fastmarkets has corrected its consumer buying price for steel scrap no1 heavy melt, delivered mill Cleveland, following updated market information for the domestic ferrous scrap monthly trade in January.

Fastmarkets’ database was updated on Tuesday January 10 to reflect this change.

The specification of the affected prices is as follows:

MB-STE-0255 Steel scrap No1 heavy melt, consumer buying price, delivered mill Cleveland, $ per gross ton
Assessment: No1 heavy melt
Quality: Wrought iron and/or steel scrap ¼ inch and over in thickness. Individual pieces not over 60 inches x 24 inches (charging box size) prepared in a manner to insure compact charging.
Location: Delivered mill price, Cleveland
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
Notes: A separate methodology for the AMM Midwest index is available. ISRI Code: 200

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 Sean Barry by email at pricing@fastmarkets.com. Please add the subject heading: “FAO: Sean Barry, Re: No.1 heavy melt, delivered mill Cleveland.”

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

What to read next
Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our June survey.
Under the change, Fastmarkets will update the normalization coefficient for its Iron ore 61% Fe fines, cfr Qingdao and Iron ore 62% Fe fines, cfr Qingdao indices on a daily basis, from Tuesday. This allows the coefficient to better reflect daily price movements. The normalization coefficient was previously updated on a monthly basis. The decision […]
The assessment, which currently follows the UK holiday calendar, will follow the Singapore holiday calendar after the proposed change. There will be no change to the publication timing, and the assessment will continue to be published weekly on Wednesdays, at 7pm Singapore time. The purpose of the adjustment is to align the timing to the […]
The publication of four of Fastmarkets’ calculated premiums was delayed from May 29 to June 1 because of a technical error. The June 1 price values will publish normally and were not affected by the delay.
Fastmarkets has corrected the assessments for AG-SYB-0015 Soybean FOB Brazil Santos premium c$/bu and AG-SYB-0014 Soybean FOB Brazil Santos $/mt published incorrectly on October 21, 2022, due to a reporter error.
Fastmarkets has corrected the assessments for AG-SYB-0013 Soybean FOB Brazil Paranagua paper premium c$/bu published incorrectly on Friday May 29 due to a reporter error.