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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.

June 7, 2022
By Chris Kavanagh
Ferrous scrap Pricing notice

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.

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