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The dealer selling price for machine shop turnings in Houston was assessed at $145 per gross ton on Monday September 12, which represents a $15-per-ton month-on-month decrease and a $170-per-ton non-market adjustment.
The price fell by $30 per gross ton month on month to $0 per gross ton in August despite this market trending down by $40 per ton compared with July. Therefore, the adjustment made to this grade in September accounts for the $10-per-ton shortfall posted in August’s assessment.
The specifications for the affected scrap grade are as follows:
MB-STE-0353 Steel scrap machine shop turnings, dealer selling price, fob dealer yard HoustonAssessment: Machine shop turningsQuality: Clean steel or wrought iron turnings, free of iron borings, nonferrous metals in a free state, scale, or excessive oil. May not include badly rusted or corroded stock.Location: fob dealer yard HoustonUnit: USD per gross tonPublication: MonthlyNotes: ISRI Code: 219
The original notice for this consultation period was published on August 10.
To provide feedback on this realignment, or if you would like to provide price information by becoming a data submitter to the domestic ferrous scrap prices, please contact Amy Hinton by email at pricing@fastmarkets.com. Please add the subject heading: FAO: Amy Hinton re: Houston turnings adjustment.
To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.