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Final decision on open consultation on methodology for IOSCO-audited steel scrap indices and assessments

Fastmarkets invited feedback from the industry on the pricing methodology for its International Organization of Securities Commissions (IOSCO)-audited steel scrap indices and assessments, via an open consultation process between January 14 and February 13, 2026. This consultation was done as part of our published annual methodology review process.

February 19, 2026
By Fastmarkets pricing team
Ferrous scrap Pricing notice

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

This consultation sought to ensure that our methodologies continue to reflect the physical market for our audited physical markets for steel scrap, in compliance with IOSCO’s 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.

The publication of this notification was due by February 19.

To see all Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets methodology page.

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