Proposal to amend publication deadline for Germany, Italy steel scrap price assessments

The deadline will be amended from the second Friday of each month to publication by the final Friday of each month. The change is being made to ensure that all key market participants have concluded their monthly prices before the assessment is made.

The prices in question are:

MB-STE-0167 Steel scrap, E3 old thick scrap, domestic, delivered mill Italy, € per tonne
MB-STE-0168 Steel scrap, E8 thin new production steel scrap, domestic, delivered mill Italy, € per tonne
MB-STE-0849 Steel scrap, E40 shredded, delivered to mill Italy, € per tonne
MB-STE-0169 Steel scrap, E3 old thick steel scrap, domestic, delivered mill Germany, € per tonne
MB-STE-0415 Steel scrap, E8 thin new production steel, domestic, delivered consumer Germany, € per tonne
MB-STE-0414 Steel scrap, E40 shredded, domestic, delivered consumer Germany, € per tonne

All other specification of the concerned prices will remain unchanged. The proposed specifications will be as follows:

MB-STE-0167 Steel scrap E3 old thick scrap domestic, delivered mill Italy, € per tonne
Quality: More than 6mm thick in sizes not exceeding 1.5×0.5×0.5 metres
Quantity: Minimum 300 tonnes
Location: Delivered to mill
Timing: Prompt
Unit: EUR per tonne
Payment terms: Within 60 days
Publication: Monthly, by the final Friday of each month.

MB-STE-0168 Steel scrap E8 thin new production steel scrap domestic, delivered mill Italy, € per tonne
Quality: Less than 3 mm thick in sizes not exceeding 1.5×0.5×0.5 metres
Quantity: Minimum 300 tonnes
Location: Delivered to mill
Timing: Prompt
Unit: EUR per tonne
Payment terms: Within 60 days
Publication: Monthly, by the final Friday of each month.

MB-STE-0849 Steel scrap E40 shredded, delivered to mill Italy, € per tonne
Quality: Old steel scrap fragmentised into pieces not exceeding 200mm in any direction for 95% of the load
Quantity: Minimum 300 tonnes
Location: Delivered to mill
Timing: Prompt
Unit: € per tonne
Payment: Within 60 days
Publication: Monthly, by the final Friday of each month.

MB-STE-0169 Steel scrap E3 old thick steel scrap domestic, delivered mill Germany, € per tonne
Quality: More than 6mm thick in sizes not exceeding 1.5×0.5×0.5 metres
Quantity: Minimum 300 tonnes
Location: Delivered to mill
Timing: Prompt
Unit: EUR per tonne
Payment terms: Within 60 days
Publication: Monthly, by the final Friday of each month.

MB-STE-0414 Steel scrap E40 shredded domestic, delivered consumer Germany, € per tonne
Quality: Old steel scrap fragmentised into pieces not exceeding 200mm in any direction for 95% of the load
Quantity: Minimum 300 tonnes
Location: Delivered to mill
Timing: Prompt
Unit: EUR per tonne
Payment terms: Within 60 days
Publication: Monthly, by the final Friday of each month.

MB-STE-0415 Steel scrap E8 thin new production steel domestic, delivered consumer Germany, € per tonne
Quality: Less than 3mm thick in sizes not exceeding 1.5×0.5×0.5 metres
Quantity: Minimum 300 tonnes
Location: Delivered to mill
Timing: Prompt
Unit: EUR per tonne
Payment terms: Within 60 days
Publication: Monthly, by the final Friday of each month.

These prices are part of the Fastmarkets scrap package.

The consultation period for this proposed amendment starts from Tuesday October 14 and will end on Tuesday November 11. The amendment will then take place, subject to market feedback, on Friday November 14.

To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to these prices, please contact Sean Barry by email at: pricing@fastmarkets.com and metalsrecycling@fastmarkets.com. Please add the subject heading “FAO: Sean Barry, re: European steel scrap.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets methodology page.