Delay to November ferrous scrap settlements

Fastmarkets advises that, as of Monday November 11, 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 Monday include:

• Ferrous scrap domestic consumer buying prices, Cincinnati 

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 Sean Barry by email at pricing@fastmarkets.com. Please add the subject heading: “FAO: Sean Barry, 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.

What to read next
Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our May survey.
US trade policy discussion dominated conversations at the Recycled Materials Association (ReMA) annual conference in San Diego on May 12-15, with speakers in focused trade panels and commodity spotlights dissecting the decisions and potential actions of the Trump administration.
Discover how big oil is fuelling change in the global electric vehicle (EV) market with the latest episode of Fast Forward podcast
Fastmarkets invited feedback from the industry on the pricing methodology for North America Graphic Paper, via an open consultation process between April 8 and May 11, 2025. This consultation was done as part of our published annual methodology review process.
No feedback was received during the consultation period and therefore no changes will be made to the methodology 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 […]
Investors in the US corn and wheat markets amassed shorts in the week to Tuesday May 13, moving corn from a net long to a net short for the first time since October, data from the Commodity Futures Trading Commission (CFTC) showed late on Friday May 16.