Get started

Proposal to adjust Carolinas busheling prices

Fastmarkets is proposing a realignment of its consumer buying prices for No1 busheling scrap in North Carolina and South Carolina respectively, effective from the January 2023 monthly settlement.

December 8, 2022
By Amy Hinton
Ferrous scrap Pricing notice

Although Fastmarkets believes that its monthly trends for that grade in both regions has been correct, feedback received from the market indicates that prices for the grade do not reflect actual transaction prices.

As a result, Fastmarkets will hold a 30-day consultation period beginning Thursday December 8, during which it invites comments and input from the market. An updated notice will be published on Monday January 9. Any market adjustments to No1 busheling scrap in North Carolina and South Carolina will be made with the monthly pricing settlement in January.
The specifications for the affected scrap grades are as follows:

MB-STE-0281 Steel scrap No1 busheling, consumer buying price, delivered mill North Carolina/Virginia
Assessment: No1 busheling
Quality: Clean steel scrap, not exceeding 12 inches in any dimensions, including new factory busheling (for example, sheet clippings, stampings, etc.). May not include old auto body and fender stock. Free of metal coated, limed, vitreous enameled, and electrical sheet containing over 0.50 percent silicon.
Location: Delivered mill North Carolina/Virginia
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
Notes: ISRI Code: 207

MB-STE-0323 Steel scrap No1 busheling, consumer buying price, delivered mill South Carolina
Assessment: No1 busheling
Quality: Clean steel scrap, not exceeding 12 inches in any dimensions, including new factory busheling (for example, sheet clippings, stampings, etc.). May not include old auto body and fender stock. Free of metal coated, limed, vitreous enameled, and electrical sheet containing over 0.50 percent silicon.
Location: Delivered mill South Carolina
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
Notes: ISRI Code: 207

To provide feedback on this proposal, or if you would like to provide price information by becoming a data submitter to the ferrous scrap assessments, please contact Amy Hinton at pricing@fastmarkets.com. Please add the subject heading: FAO: Amy Hinton re: Carolinas busheling prices.

To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

What to read next
Open consultation on methodology for Saudi Arabia domestic steel scrap index
This consultation, which is open until April 8, 2026, seeks to ensure that our methodologies continue to reflect the physical market, 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 price under review […]
March 11, 2026
 · 
By Fastmarkets pricing team
Delayed publication of LME aluminium, copper warrant assessments
The publication of Fastmarkets’ assessments for copper grade A cathode warrant premiums and aluminium P1020A warrant premiums was delayed on Wednesday March 11 because of a procedural lapse. Fastmarkets’ pricing database has been updated.
March 11, 2026
 · 
By Fastmarkets pricing team
Fastmarkets to change frequency of US delivered tin price
This decision was proposed in a methodology note published on February 9, which you can view here. This decision follows preliminary discussions with the market as well as internal meetings to review relevant Fastmarkets data, which suggested that there was low spot liquidity and price volatility. No negative feedback was received during the consultation period. The […]
March 10, 2026
 · 
By Fastmarkets pricing team
Final decision on open consultation on methodology review for IOSCO-audited CFR Manila steel billet price assessment: pricing notice
This consultation was done as part of our published annual methodology review process. No feedback was received about a methodology change during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation sought to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in […]
March 9, 2026
 · 
By Fastmarkets pricing team
Fastmarkets to discontinue two European SAF cost-based assessments reflecting Dutch HBE-IXB credits
The prices that will be affected are AG-SAF-0006 sustainable aviation fuel (SAF max), base cost, exw Netherlands (incl. HBE-IXB credits), $ per tonne, and AG-SAF-0007 sustainable aviation fuel (HVO max), base cost, exw Netherlands (incl. HBE-IXB credits), $ per tonne. Following the update by the Netherlands to its current biofuel mandate ahead of its full implementation of […]
March 6, 2026
 · 
By Fastmarkets pricing team
Fastmarkets suspends publication of Iran steel export assessments
Fastmarkets has suspended its pricing for Iran steel billet and slab exports following the escalation of the conflict between the US, Israel and Iran and because relevant, relative pricing data is not immediately available.
March 6, 2026
 · 
By Fastmarkets pricing team