PRICING NOTICE: North American scrap price publishing times [UPDATE]

Following a consultation period, Fastmarkets is amending the publishing times for certain ferrous and non-ferrous scrap prices effective Monday July 13.

Fastmarkets is implementing the following publishing times for non-ferrous scrap prices listed in this methodology, as well as stainless scrap prices listed here:

  • From 4-5pm New York time on respective listed publishing days

For Mexican scrap prices, covered in this methodology, Fastmarkets is implementing the following publishing time:

  • By 2pm New York time on Tuesdays

The consultation period for this proposal started on Monday June 8.

To provide feedback on the implementation, or if you would like to provide price information by becoming a data submitter to the scrap assessments, please contact Thorsten Schier at pricing@fastmarkets.com. Please add the subject heading: FAO: Thorsten Schier, re: Scrap publishing times.

To see all of Fastmarkets’ pricing methodology and specification documents, click here.

What to read next
The publication of Fastmarkets’ India domestic recycled containerboard price assessments for Friday April 3 will be delayed due to staffing availabilities.
The publication of Fastmarkets’ European low-carbon aluminium differential assessments for Thursday April 2 were delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Fastmarkets has corrected its MB-AL-0379 Aluminium 6063 extrusion billet premium, ddp Italy (Brescia region), inferred low-carbon, and Aluminium 6063 extrusion billet premium, ddp North Germany (Ruhr region), inferred low-carbon midpoint assessments, which were published incorrectly on Friday April 2, due to a procedural error.
Fastmarkets plans to change the timestamp of several of its agriculture prices linked to the Chicago Mercantile Exchange and MIAX Futures Exchange to align the time of publication with the exchanges’ settlement time. The change in timestamp will affect both premiums and outright prices that use those futures as an underlying benchmark, with the change to take effect on May 11.
Fastmarkets has corrected its price and rationale for MB-STE-0028 steel hot-rolled coil index domestic, exw Northern Europe and the assessments for MB-STE-0905 green steel base price HRC exw Northern Europe, daily inferred and MB-STE-0912 flat steel reduced carbon emissions, daily inferred, exw Northern Europe, which were published incorrectly on Wednesday April 1.
The annual consultation sought to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. The current methodology […]