Final decision on open consultation on methodology for IOSCO-audited ferrous scrap price assessments, indices

Fastmarkets invited feedback from the industry on the pricing methodology for its International Organization of Securities Commissions (IOSCO)-audited ferrous scrap materials, via an open consultation process between April 4 and May 6, 2024. This consultation was done as part of our published annual methodology review process.

This consultation sought to ensure that our methodologies continue to reflect the physical market for our audited physical markets for ferrous scrap 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 specifications and publication frequency.

Full details of the prices covered by this consultation can be found here.

No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.

To provide comment or feedback on the content of the IOSCO-audited ferrous scrap methodologies, or if you would like to provide price information by becoming a data submitter to these prices or indices, please email pricing@fastmarkets.com. Please add the subject heading “FAO: Sean Barry, re: IOSCO ferrous scrap methodologies.” Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

You can find the current methodologies for the ferrous scrap assessments and indices here: https://www.fastmarkets.com/methodology.

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

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