Get started

Final decision on open consultation on methodology for steel scrap price assessments, indices

Fastmarkets invited feedback from the industry on the pricing methodology for its steel scrap indices and assessments, via an open consultation process between March 12 and April 14, 2025. This consultation was done as part of our published annual methodology review process.

April 16, 2025
By Fastmarkets Staff
Ferrous scrap Global Pricing notice

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

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

This consultation, sought to ensure that our methodologies continue to reflect the physical market under indexation, 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.

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

What to read next
Early publication of steel hot-rolled coil index, fob mill US Midwest
Fastmarkets’ daily steel hot-rolled coil index, fob mill US Midwest for Tuesday May 19 was published earlier than scheduled due to an error. Fastmarkets’ pricing database has been updated.
May 19, 2026
 · 
By Fastmarkets pricing team
Fastmarkets to launch four price assessments for tissue jumbo rolls in Europe
The four assessments will cover continental Europe and the UK, for tissue jumbo rolls made from wood pulp and recycled pulp in a basis weight range of 14.5-18.0g per square meter. The decision follows a one-month consultation period that ended on Saturday May 16. The proposed specifications are as follows: FP-TS-0009 Tissue, wood pulp jumbo rolls for […]
May 19, 2026
 · 
By Fstmarkets pricing team
Clarification of publishing schedule for Saudi Arabia steel price assessments: pricing notice
Fastmarkets is clarifying the publishing schedule for two Saudi Arabia steel price assessments following confirmation of the dates of the Eid al-Adha holiday.  The two price assessments affected are as follows: MB-STE-0909 – Steel reinforcing bar (rebar), domestic, delivered Saudi Arabia, riyals/tonne MB-STE-0940 – Steel billet, import, cfr Saudi Arabia, $/tonne The domestic rebar price assessment […]
May 19, 2026
 · 
By Fastmarkets pricing team
Purple, Adult, Male
What’s driving scrap steel prices right now with Alex Kershaw, Fastmarkets
Alex Kershaw unpacks the recent volatility in global scrap steel markets and what is driving price movements across key regions. From the US and Europe to Turkey and China, the discussion explores how rising energy and freight costs are lifting prices despite weak steel demand.
May 19, 2026
 · 
By Alexander Kershaw
Purple, Texture, Lighting
What’s driving scrap steel prices right now | Fast Forward Market Briefing transcript  
In this short episode of Fast Forward, Alex Kershaw, senior analyst for steel, raw materials and ferrous scrap at Fastmarkets, unpacks the recent volatility in global scrap steel markets and what is driving price movements across key regions.
May 19, 2026
Delayed publication of flat steel reduced carbon emissions, daily inferred, exw China
The following price was affected: MB-STE-0923 Flat steel reduced carbon emissions, daily inferred, exw China, yuan/tonne, scheduled for 5-6pm China Standard Time (Shanghai), was published at 9:13pm. This price is part of the Fastmarkets steel package. For more information or to provide feedback on the delayed publication of this price, or if you would like […]
May 18, 2026
 · 
By Fastmarkets pricing team