Correction to Phila random rails scrap price

Fastmarkets has corrected its consumer buying price for steel scrap random rails, delivered mill Philadelphia, following an input error during the monthly domestic ferrous scrap trade in December 2021

The price for random rails, which was published as $550 per gross ton on December 6, was corrected to $450 per gross ton on Thursday February 17. This change reflects a sideways move in this price for December compared with November.

The assessments for January – when the price for random rails in Philadelphia fell by $45 per gross ton from December – and for February – when the price held steady month on month – therefore have both been corrected to $405 per gross ton from $505 per ton previously as of February 17.

The specification of the affected price is as follows:

MB-STE-0301

Assessment: Random rails

Quality: Standard section tee, girder, and/ or guard rails, to be free from frog and switch rails not cut apart, and contain no manganese, cast, welds, or attachments of any kind except angle bars. Free from concrete, dirt, and foreign material of any kind.

Location: Delivered mill Philadelphia

Pricing point: Delivered mill price

Publication: Monthly, typically before the 10th

Notes: ISRI Code: 29

Fastmarkets AMM’s Price Tracker and database have 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: steel scrap random rails, consumer buying price, delivered mill Philadelphia.

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

What to read next
Fastmarkets’ pricing database has been updated. The steel billet index export, fob Black Sea, CIS price was published at $496 per tonne on July 19. This price is part of the Fastmarkets steel price package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide price […]
Fastmarkets (Random Lengths) plans to formally launch the industry’s first daily price assessment for Southern Yellow Pine #2 2x4 (eastside) on Thursday 8 August along with more than a year of pricing history.
Fastmarkets proposes to discontinue its weekly price assessment for steel reinforcing bar (rebar) domestic, ex-whs Northern China.
Fastmarkets launches MB-STE-0918 Electrical steel, non-grain oriented, ex-whs Eastern China, $/tonne and MB-STE-0919 Electrical steel, non-grain oriented, cfr India, $/tonne on July 19.
Fastmarkets has amended the name of MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb as of Wednesday July 17.
The publication of Fastmarkets’ CIS steel slab, wire rod, hot-rolled and cold-rolled coil assessments was postponed by one day due to a public holiday in Ukraine on Monday July 15.