Correction to Montreal steel scrap assessments on July 8

Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades:

MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 per ton increase from June prices. It is now updated to C$235 per ton, reflecting no change month to month.

MB-STE-0793 Steel scrap cut structural/plate 5ft max, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$295 per ton, a C$10 per ton increase from June prices. It is now updated to C$285 per net ton, reflecting no change month to month.

Fastmarkets’ pricing database has been updated to reflect these changes.

These prices form part of Fastmarkets’ scrap 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 Christian Willbern by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Christian Willbern re: Correction to Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton and Steel scrap cut structural/plate 5ft max, consumer buying price, fob Montreal, Canadian $/net ton.”

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 Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.