PRICING NOTICE: Discontinuation of selected ferrous scrap assessments

Following a review of its ferrous scrap prices portfolio, Metal Bulletin is proposing to discontinue those weekly assessments for which it also publishes prices based on its established and leading index methodology. In each case, the assessment will be discontinued while Metal Bulletin will continue to publish the respective indices.

April 3, 2012

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Following a review of its ferrous scrap prices portfolio, Metal Bulletin is proposing to discontinue those weekly assessments for which it also publishes prices based on its established and leading index methodology. In each case, the assessment will be discontinued while Metal Bulletin will continue to publish the respective indices.

The following weekly assessments will be discontinued effective 26 April 2012:

Rotterdam export HMS 1&2 (80:20)
Indian import Shredded
Turkey import HMS 1&2 (80:20)

Metal Bulletin’s Ferrous Scrap fob Rotterdam HMS 1&2 (80:20) and Ferrous Scrap cfr India Shredded indices will continue to be published each Friday and the Ferrous Scrap cfr Turkey HMS 1&2 (80:20) on a daily basis.

Metal Bulletin will continue to publish weekly assessments for Rotterdam export HMS 1&2 (70:30), Rotterdam export Shredded, India import HMS 1&2 (80:20), Turkey import HMS 1&2 (70:30) and Turkey import Shredded on a weekly basis, but will move the publication date from Thursday to Friday together with the assessments for UK HMS 1&2 (80:20) and UK Shredded. These changes will become effective 4 May 2012. For queries and comments, please contact Vera Blei, Steel Editor, at vblei@metalbulletin.com.