Delay to January ferrous scrap settlements

Fastmarkets advises that, as of Wednesday January 10, 2024, certain monthly North American ferrous scrap assessments are yet to settle. Fastmarkets typically settles these markets on or before the 10th of the month.

The markets not settled by Wednesday include:

  • Ferrous scrap domestic consumer buying prices, Alabama
  • Ferrous scrap domestic consumer buying prices, Arkansas
  • Ferrous scrap domestic consumer buying prices, Cincinnati
  • Ferrous scrap domestic consumer buying prices, Houston
  • Ferrous scrap domestic consumer buying prices, North Carolina
  • Ferrous scrap domestic consumer buying prices, South Carolina
  • Ferrous scrap domestic dealer selling prices, Atlanta
  • Ferrous scrap domestic dealer selling prices, St Louis
  • Ferrous scrap domestic consumer buying prices, Hamilton, Ontario
  • Ferrous scrap domestic consumer buying prices, Montreal

Other related domestic assessments outstanding as of the same date include:

  • Punchings and plate, Pittsburgh

The delay in assessing these markets comes amid late settlements in multiple regions across North America. Negotiations continue, and Fastmarkets will ensure the outstanding markets are settled as soon as the requisite information is made available.

To provide feedback on this notice, please contact Amy Hinton by email at pricing@fastmarkets.com. Please add the subject heading: “FAO: Amy Hinton, re: scrap prices.”

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

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