Become a customer

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.

May 13, 2024
By Sean Barry
Ferrous scrap Pricing notice Steel raw materials

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.

What to read next
Correction to shredded auto scrap weekly composite
Fastmarkets has corrected its MB-STE-0523 Steel scrap shredded auto scrap, consumer buying price, delivered mill, $/gross ton, weekly composite, which was published incorrectly since June 14.
July 26, 2024
 · 
By Fastmarkets Staff
Correction to rationale of cobalt hydroxide 30% Co min, cif China
Fastmarkets has corrected the rationale for its MB-CO-0020 cobalt hydroxide 30% Co min, cif China, $/lb price, which was published incorrectly on Friday July 26.
July 26, 2024
 · 
By Sahil Shaw
Delayed publication of manganese ore seaborne prices
The publication of Fastmarkets’ manganese ore seaborne indices for Friday July 26 was delayed due to an error. Fastmarkets’ pricing database has been updated.
July 26, 2024
 · 
By Holly Chant
Proposal to amend frequency of China steel scrap import price indices
Fastmarkets proposes to amend the pricing frequency of its MB-STE-0889 steel scrap, index, heavy recycled steel materials, cfr east China, and MB-STE-0895 steel scrap, index, heavy recycled steel materials, cfr north China to once a month from the current weekly basis.
July 25, 2024
 · 
By Tianran Zhao
Decision to launch US black mass payable indicators, amendment to specifications
Fastmarkets will launch its new suite of US black mass payable indicators on Wednesday August 7, following a one-month consultation period.
July 24, 2024
 · 
By Kirstyn Petras
Correction to rationale of cobalt hydroxide 30% Co min, cif China on Tuesday July 23
The opening line of the rationale incorrectly listed the price range as $6.60-6.80 per lb. This has been corrected to $6.40-6.60 per lb. The published price is unaffected by this change. This price is part of the Fastmarkets minor metals package. For more information or to provide feedback on this correction notice or if you […]
July 24, 2024
 · 
By Callum Perry