PRICING NOTICE: Discontinuations of selected scrap assessments

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

Following market consultation, Metal Bulletin has decided 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 after May 31, 2012:

  • Rotterdam export HMS 1&2 (80:20)
  • Indian import shredded cfr Nhava Sheva
  • 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) index 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 after May 31, 2012. For queries and comments, please contact Vera Blei, Steel Editor, at vblei@metalbulletin.com
 

What to read next
Fastmarkets proposes to launch FOB Indonesia, Vietnam and India inferred indices for its Australian alumina index.
The publication of Fastmarkets’ MB-CO-0004 cobalt alloy grade, in-whs Rotterdam and MB-CO-0005 cobalt standard grade, in-whs Rotterdam assessments for Friday July 12 were delayed because of a technical error. Fastmarkets’ pricing database has been updated.
Feedback was received during the consultation period of an immaterial nature that would not impact the result of price assessments. Therefore, while no material changes will be made to the methodologies at this stage, clarification indicating that the Effective List price treats changes in annually established discounts during the year as changes in the price. […]
Fastmarkets is inviting feedback from the industry on the pricing methodology for European Packaging Paper and Board as part of its announced annual methodology review process. This consultation, which is open until August 31, 2024 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization […]
In the methodology price specifications, the shorter names PIX Testliner GCC and PIX Fluting GCC will be used instead of PIX Containerboard Testliner Delivered GCC USD/tonne and PIX Containerboard Fluting Delivered GCC USD/tonne. No other changes have been made to the index methodology. For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX Packaging GCC” in […]
Fastmarkets advises that, as of Wednesday July 10, certain monthly North American ferrous scrap assessments had yet to be settled.