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Delay to September ferrous scrap settlements

Fastmarkets advises that its assessments of monthly regional ferrous scrap markets have not settled as of Friday September 8. Fastmarkets typically settles these markets on or before the 10th of the month.

September 8, 2023
By Amy Hinton
Ferrous scrap Pricing notice

The markets not settled are:

  • Ferrous scrap domestic consumer buying prices, Alabama
  • Ferrous scrap domestic consumer buying prices, Arkansas
  • Ferrous scrap domestic consumer buying prices, Chicago
  • Ferrous scrap domestic consumer buying prices, Cincinnati
  • Ferrous scrap domestic consumer buying prices, Cleveland
  • Ferrous scrap domestic consumer buying prices, Detroit
  • 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 consumer buying prices, Philadelphia
  • Ferrous scrap domestic consumer buying prices, Pittsburgh
  • Ferrous scrap domestic dealer selling prices, Atlanta
  • Ferrous scrap domestic dealer selling prices, St Louis
  • Ferrous scrap domestic consumer buying price trends, Seattle, Portland
  • Ferrous scrap domestic consumer buying prices, Hamilton, Ontario
  • Ferrous scrap domestic consumer buying prices, Montreal

The delay in settling these markets comes amid the late breaking of September’s ferrous trade following the Labor Day holiday on Monday September 4 in the United States. Negotiations continue, and Fastmarkets will ensure the outstanding markets are settled as soon as the requisite information is made available.

These prices are a part of the Fastmarkets Scrap Physical Prices package.

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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