Correction to steel scrap heavy scrap domestic, delivered mill China price on March 7

Fastmarkets has corrected its MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, which was published incorrectly on Friday March 7.

Fastmarkets’ weekly price assessment for MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China was initially published as 2,400-2,550 yuan per tonne on March 7 due to a typographical error. This has since been corrected to 2,400-2,570 yuan per tonne.

Fastmarkets’ pricing database has been updated to reflect this change.

This price is part of the 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 this price, please contact Carman Chew by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Carman Chew, re: China domestic scrap.”

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.

What to read next
Following preliminary discussions with the market and interrogation of data collected by Fastmarkets over recent months, Fastmarkets now proposes to assess and publish the price for ferro-niobium, 63-67%, delivered consumer works, dp Europe, on Wednesdays and Fridays, from the current basis of once weekly on Wednesdays. This more frequent price assessment will enable Fastmarkets to […]
No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation sought 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 […]
Following the consultation, which closed on Thursday June 12, Fastmarkets will amend the frequency of Taiwan base metals premium and delivery timing for tin 99.99% ingot premium, with the first publication on a monthly frequency taking place on Tuesday July 1. The change in frequency will help to better reflect the dynamics in the Taiwan […]
The European Union’s Carbon Border Adjustment Mechanism will be implemented in seven months’ time but the region’s steel industry was still not fully prepared for the gradual changes the system will involve, Fastmarkets heard on Thursday May 8 at the Made in Steel trade fair in Milan, Italy.
The global steel industry’s move to decarbonize and China’s penchant for lower-grade ores in recent years have uncovered challenges for high-grade iron ore to live out its value in both the blast furnace-based steelmaking route and the direct-reduction iron process, delegates told Fastmarkets during the Singapore International Ferrous Week (SIFW), which takes place from May 26-30.
Discover how President Trump's tariffs impact the US fluff pulp export market, specifically targeting the EU and China.