Get started

Ferrous scrap settlements

Fastmarkets advises that no monthly regional scrap markets have settled for January. Fastmarkets typically settles these markets on or before the 10th of the month. Markets not settled on Monday January 10 will be specified in a further notice

January 7, 2022
Pricing notice

Detroit consumers entered the market on Friday January 7, generally buying scrap at $60 per gross ton lower than in December.

To provide feedback on this notice, please contact Thorsten Schier by email at pricing@fastmarkets.com. Please add the subject heading: FAO: Thorsten Schier, re: Scrap prices.

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

What to read next
Launch of steel hot-rolled coil index, fob mill Canada
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
February 5, 2026
 · 
By Fastmarkets pricing team
Open consultation on IOSCO-audited steelmaking raw materials price indices
The consultation, which is open until Friday March 6, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price […]
February 5, 2026
 · 
By Fastmarkets pricing team
Open consultation on IOSCO-audited CFR Manila steel billet price assessment
The price subject to this annual review is Fastmarkets’ MB-STE-0141 steel billet import, cfr Manila, $/tonne.​This consultation, which is open until Friday March 6, seeks to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies (PRAs). This […]
February 5, 2026
 · 
By Paul Lim
Proposal to launch three new Chinese copper scrap grades, increase frequency
The proposal to increase the publication frequency from monthly to weekly comes amid increased volatility of copper on the London Metal Exchange, while copper scrap discounts have been shifting on a more regular basis. This more frequent assessment will enable Fastmarkets to reflect market dynamics in a timelier manner, as well as capture more spot […]
February 4, 2026
 · 
By Fastmarkets pricing team
Correction to Shanghai bonded nickel stocks on January 30: pricing notice
Fastmarkets has corrected its assessments for Shanghai bonded nickel stocks on January 30.
February 4, 2026
 · 
By Fastmarkets pricing team
Open consultation on annual methodology review for PIX Pulp China Indices: pricing notice
Fastmarkets is inviting feedback from the industry on the pricing methodology for its PIX Pulp China Net indices as part of its announced annual methodology review process.
February 4, 2026
 · 
By Fastmarkets FOEX