PRICING NOTICE: Discontinuation of selected scrap assessments, launch of selected scrap indices

Following a review of its ferrous scrap prices portfolio, Metal Bulletin Group is proposing to discontinue some weekly assessments.

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

The Metal Bulletin Group is proposing to discontinue those weekly assessments for which it also publishes prices based on its established and leading index methodology.

In each case below, the assessment will be discontinued from Metal Bulletin and Steel First and replaced by indices from sister publication American Metal Market (AMM).

The following weekly assessments will be discontinued with effect from November 22, 2013:

  • USA export ferrous scrap HMS 1&2 (80:20) fob East Coast
  • USA export ferrous scrap shredded fob East Coast

The following weekly indices will replace the discontinued assessments with effect from December 2, 2013:

  • AMM Ferrous Scrap Export Index HMS 1&2 (80:20) East Coast (fob New York)
  • AMM Ferrous Scrap Export Index shredded fob East Coast (fob New York)

Historical price data for both indices will be made available on December 2, 2013.
This change will also include a move in the publishing day from every Friday to every working Monday. As a result, there will be no assessment dated November 29, 2013.

Following the last assessment date of November 22, 2013, the next price will be published on December 2, 2013.

For queries and comments, please contact Sean Davidson, Global Scrap Editor for Steel First and AMM, at sdavidson@amm.com.

What to read next
Following a six-week consultation period, Fastmarkets can confirm it will amend the calculation method for all the average functions on the Fastmarkets platform from Wednesday March 1, 2023.
Consolidation, the recycling of electric vehicle batteries, US steel exports and the benefits of sustainable steelmaking were key talking points at Fastmarkets’ Scrap & Steel 2023 conference in Dallas in January
Fastmarkets has corrected its MB-IRO-0008 iron ore 62% Fe fines, cfr Qingdao index, which was published incorrectly on Wednesday January 25 due to a technical error.
Green shoots of increased demand will emerge in US ferrous markets courtesy of the Biden administration’s trillion-dollar infrastructure package in 2023, Schnitzer’s executive vice president and chief strategy officer Richard Peach said at Fastmarkets’ Steel and Scrap Conference 2023 in Dallas, Texas
US special bar quality steel prices rose in January in line with rising scrap and alloy costs, according to market participants
European metal industry association Eurometaux has called on the European Commission to follow the lead shown by the Inflation Reduction Act and deliver a “powerful” policy to support the industry in the EU while it tries to keep up with the move to a new generation of energy markets
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed