Correction to Fastmarkets’ ferrous scrap punchings and plate prices in Cleveland, Pittsburgh

Fastmarkets has corrected its steel scrap punchings and plate, broker buying price, fob Cleveland (MB-STE-0653) and its steel scrap punchings and plate, consumer buying price, delivered mill Pittsburgh (MB-STE-0598), both of which were published incorrectly on Monday July 10 due to an input error.

The assessment of the steel scrap punchings and plate, broker buying price, fob Cleveland has been corrected to $650 per gross ton from $620 per gross ton. The assessment of the steel scrap punchings and plate, consumer buying price, delivered mill Pittsburgh has been corrected to $715 per gross ton from $685 per gross ton.

Fastmarkets’ database has been updated to reflect this change.

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: punchings and plate.”

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

What to read next
The rationale for MB-CU-0287 copper concentrates TC index, cif Asia Pacific had erroneously stated that “The copper VIU was $0.18/t on May 1, up from $0.94/t on April 17.” This has been corrected to “The copper VIU was $0.18/t on May 1, down from $0.94/t on April 17.” The published price is unaffected by this change. These prices […]
Fastmarkets will discontinue three European seamless and welded tube and pipe prices from May 13, 2026.This is due to very limited activity in these markets, meaning there is insufficient data to continue pricing them.
Fastmarkets invited feedback from the industry on the methodology of its price assessments for ferro-chrome 50% Cr import, cif main Chinese ports, and European high carbon ferro-chrome, as part of its annual methodology review process.
Fastmarkets invited feedback from the industry on the methodology of its price assessments for ferro-tungsten basis 75% W, in-whs dup Rotterdam, and tungsten APT 88.5% WO3 min cif Rotterdam and Baltimore duty-free, as part of its annual methodology review process.
Fastmarkets invited feedback from the industry on the methodology of its price assessments for ferro-molybdenum 65% Mo min, in-whs Rotterdam, $ per kg Mo; molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam, $ per lb Mo; and molybdenum MB drummed molybdic oxide Mo, in-whs Busan, $ per lb, as part of its annual methodology review process.
This consultation, which is open until June 2, 2026, seeks to ensure that our methodologies continue to reflect the physical market under indexation, 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. You can […]