Houston ferrous scrap market transition

Fastmarkets made the decision to transition the pricing of Houston ferrous scrap prices from dealer selling to consumer buying assessments in August 2022.

This decision followed a 60-day market consultation period launched at the beginning of June 2022; an update to the proposal was published in early August.

Before the official launch of the new Houston ferrous scrap consumer buying prices in January 2023, Fastmarkets published four months of preliminary consumer buying prices from September to December via PDF.

The changeover to a consumer buying assessment from a dealer selling assessment took place this month; at that time, the publication of Houston ferrous scrap dealer selling prices and the accompanying consumer buying trend ceased.

The table below illustrates the last month of preliminary consumer buying prices in December 2022 alongside the new, officially published prices for January 2023 as well as the month-on-month consumer buying trend.

01-13-23_Houston ferrous scrap trends.jpg

To account for the discontinuation of the published consumer buying trend, Fastmarkets will publish pricing notices to clarify the month-on-month market trend for Houston consumer buying up through the March 2023 settlement.

For more information or to provide feedback on this notice, or if you would like to provide price information by becoming a data submitter for these prices, please contact Amy Hinton by email at pricing@fastmarkets.com. Please add the subject heading: FAO: Amy Hinton, Re: Houston ferrous scrap market transition.

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

What to read next
Any bolstering effect on US ferrous scrap exports from the up-month in February’s domestic trade will be tempered in the immediate aftermath of two earthquakes in Turkey — the country’s largest importing region — on Monday, February 6
Steel trading and production have come to a halt in the eastern Turkish region of Iskenderun following a devastating earthquake that hit the region on Monday February 6 and put mills in the area under force majeure, sources told Fastmarkets on Tuesday
Fastmarkets proposes to amend and realign its listed brands for alloy and standard grade cobalt to reflect new developments in the market and invites feedback on the following consultation.
Fastmarkets’ Shanghai-London arbitrage calculations for aluminium were published incorrectly on January 30-February 3 due to a formula error.
A 120-day closure of four Illinois dams scheduled for 2023 will disrupt barge shipments and have potentially both negative and positive impacts on scrap and finished steel products from Canada to Texas
BRUSSELS, Feb 2, 2023 (PPI Europe) - PRICING NOTICE: Consultation on proposal to discontinue Russian containerboard prices – final decision
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed