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This decision follows a 60-day consultation period ended Friday October 31.
The decision to discontinue MB-STE-0422 Steel scrap No1 busheling index, delivered Midwest mill has been facilitated by the transition of the settlement of the Chicago Mercantile Exchange No1 busheling contract to Fastmarkets’ assessment of the Chicago No1 busheling price on December 16, 2024.
The index had remained active in the interim period to support existing contracts that are settled against that calculated number.
All short-term forecasts associated with this price produced by the Fastmarkets research team, if any, will also be discontinued.
To provide feedback on this decision to discontinue, or if you would like to provide price information by becoming a data submitter to this index, please email pricing@fastmarkets.com and metalsrecycling@fastmarkets.com, adding the subject heading “re: US ferrous scrap indices for No1 busheling.”
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 the the Fastmarkets methodology page.