No1 busheling indicator publication delay

Due to a reporter error, the publication of Fastmarkets’ daily indicator for No1 busheling was delayed on Tuesday June 7.

Specifications for the affected price are as follows:

MB-STE-0882 Steel scrap No1 busheling, indicator, delivered Midwest mill
Quality: Institute of Scrap Recycling Industries (ISRI) Grade 207 – No1 busheling Ferrous busheling. Compliant to ISRI Specifications 7 No1 busheling. Clean steel scrap, maximum size 2 feet by 5 feet, including new factory busheling (sheet clippings, stampings, etc). May not include old auto body and fender stock. Free of metal coated, limed, vitreous enameled and electrical sheet containing more than 0.5% silicon.
Quantity: Min 500 gross tons
Location: Delivered US Midwest mill – any mill in Illinois, Indiana, Michigan, Wisconsin, Iowa and northwest Ohio
Timing: Within 30 days
Unit: US dollars per gross ton
Payment terms: Net 30 days post delivery
Publication: Daily from 4-5pm New York time

Fastmarkets’ pricing databases have since been updated.

For more information or to provide feedback on the delayed publication, or if you would like to provide price information by becoming a data submitter, please contact Thorsten Schier by email at pricing@fastmarkets.com. Please add the subject heading: FAO: Thorsten Schier, re: No1 busheling.

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

What to read next
Fastmarkets is launching two price assessments for palm oil mill effluent (POME) for loading out of ports in Malaysia in Indonesia, to meet growing interest from biofuel producers and consumers in Europe and other parts of Asia. The first publication of these two price assessments will be on Thursday December 4 and will be published […]
Fastmarkets proposes to amend the methodology for assessing sustainable aviation fuel (SAF) base cost of production in the US, effective January 5, 2026.
Fastmarkets wishes to clarify the conversion factor for Singapore Exchange (SGX) iron ore derivative forward curves data used to assess its low-grade and high-grade iron ore indices.
Following consultations and expressions of support from a broad range of market participants, Fastmarkets has decided to launch new price assessments of northern bleached softwood kraft (NBSK) and bleached eucalyptus kraft (BEK) pulp spot prices for Europe, starting in January 2026.
Fastmarkets will include EU Carbon Border Adjustment Mechanism (CBAM) costs in its secondary aluminium billet premium, ddp Europe (MB-AL-0383) and its primary aluminium 6063 extrusion billet premium, in-whs dp Rotterdam (MB-AL-0002) assessments from January 1, 2026, when the definitive period of the EU’s CBAM is set to begin. The inclusion of CBAM costs with MB-AL-0383 and MB-AL-0002 will enable […]
Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our December survey.