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Discontinuation of Pittsburgh cast iron borings: pricing notice

Following a consultation, Fastmarkets will discontinue its ferrous scrap consumer buying price for cast iron borings in Pittsburgh due to a lack of liquidity.

April 25, 2023
By Sean Barry
Ferrous scrap Pricing notice

The price will be discontinued as of May 1st this year.

The specification for the affected scrap grade is as follows:

MB-STE-0310 Steel scrap cast iron borings, consumer buying price, delivered mill Pittsburgh, $/gross ton
Quality: Clean cast iron or malleable iron borings and drillings, free of steel turnings, scale, lumps or excessive oil.
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

The original 30-day consultation notice was published on March 24.

To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to the ferrous scrap assessments, please contact Sean Barry at pricing@fastmarkets.com. Please add the subject heading: FAO: Sean Barry re: Pittsburgh cast iron borings

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

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