Become a customer

Decision to discontinue Seattle/Portland turnings price assessment

Fastmarkets has decided to discontinue its steel scrap machine shop turnings, consumer buying price trend, delivered mill Seattle/Portland, $ per gross ton due to a lack of liquidity.

December 5, 2022
Ferrous scrap Pricing notice

Manufacturing activity in the region has decreased significantly, meaning few turnings are generated and sold to consumers.

Price to be discontinued:
MB-STE-0411
Assessment: Machine shop turnings
Quality: Clean steel or wrought iron turnings, free of iron borings, nonferrous metals in a free state, scale, or excessive oil. May not include badly rusted or corroded stock.
Location: Delivered mill, US/Canada, specified city
Unit: USD per gross ton (Canadian cities in Canadian currency/net tons)
Publication: Monthly, typically before the 10th
Notes: ISRI Code: 219

The consultation period for this price discontinuation began on Monday November 7 and ended on Monday December 5, with changes taking place from Tuesday December 6.

To provide feedback on the proposal to discontinue these converted price assessments, please contact Thorsten Schier by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Thorsten Schier, re: Seattle/Portland turnings.”

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

What to read next
Open consultation on annual methodology review for US pig iron import assessment
This consultation, which is open until April 28, 2025, seeks to ensure that our methodologies continue to reflect the physical market, 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 find the […]
March 27, 2025
 · 
By Janie Davies
Delayed publication of Asia lithium technical grade prices
The prices were scheduled for publication at 4pm London time, but were published at 4:19pm. The following prices were affected:MB-LI-0028 Lithium carbonate 99% Li2CO3 min, technical and industrial grades, spot price cif China, Japan & Korea, $/kgMB-LI-0032 Lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, technical and industrial grades, spot price cif China, Japan & Korea, $/kgMB-LI-0034 Lithium carbonate […]
March 27, 2025
 · 
By Callum Perry
Open consultation on methodology for European high carbon ferro-chrome price assessments
This consultation, which is open until April 28, 2025, seeks to ensure that our methodologies continue to reflect the physical market, 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. The prices under review […]
March 27, 2025
 · 
By Janie Davies
Final decision on open consultation on methodology review for aluminium P1020A premium in-whs dup, dp Rotterdam in relation to the EU’s CBAM
During the extended consultation, Fastmarkets received comprehensive and wide-ranging feedback from a broad cross-section of the P1020A value chain.The majority of the market feedback received during the consultation was in support of Proposal 1, with most participants preferring its simpler, more coherent mechanism of reflecting CBAM costs than Proposal 2. Proposal 1: Reporters may apply expert […]
March 27, 2025
 · 
By Sayaka Kurata
Final decision on open consultation on methodology review for aluminium primary foundry alloy silicon 7 ingot premium, ddp Germany and ddp Eastern Europe in relation to CBAM
The consultation was carried out between January 8, 2025, and March 14, 2025. During the extensive consultation, Fastmarkets received comprehensive and wide-ranging feedback from a broad cross-section of the PFA value chain. The majority of the market feedback received during the consultation supported Proposal 1, with most market participants preferring its simpler, more coherent mechanism for […]
March 27, 2025
 · 
By Sayaka Kurata
Final decision on open consultation on methodology review for aluminium extrusion billet premiums ddp Italy, ddp North Germany, ddp Spain in relation to CBAM
The consultation was carried out between December 12, 2024, and February 28, 2025. During the extensive consultation, Fastmarkets received comprehensive and wide-ranging feedback from a broad cross-section of the aluminium billet value chain. Proposal 1 was favored the most by market participants in the consultation, because of its simpler, more coherent mechanism for reflecting CBAM costs […]
March 27, 2025
 · 
By Sayaka Kurata