Proposal to discontinue assessment for 2ft rail crops in Chicago

Fastmarkets proposes to discontinue its consumer buying price for steel scrap rail crops 2ft max, delivered mill Chicago, due to a lack of liquidity.

The specifications for the affected scrap grade are as follows:

Assessment: Rail crops, 2’ max
Quality: Standard section, original weight of 50 pounds per yard and over, 18 inches long and under. Location: Delivered mill, US/Canada, specified city
Unit: USD per gross ton (Canadian cities in Canadian currency/net tons)
Publication: Monthly, typically before the 10th
ISRI Code: 28A

The consultation period for this price discontinuation will begin on Monday May 8 and end on Wednesday June 7, with changes taking place, subject to market feedback, on July 1. All short-term forecasts associated with these prices produced by Fastmarkets, if any, will also be discontinued.

To provide feedback on these prices, or if you would like to provide price information by becoming a data-submitter to the ferrous scrap assessments, please contact Amy Hinton at Please add the subject heading: FAO: Amy Hinton re: Chicago 2ft rail crops.

To see all of Fastmarkets’ pricing methodology and specification documents, go to

What to read next
Fastmarkets is inviting feedback on a change of publishing time for our ferro-chrome price in the Chinese domestic market as well as ferro-chrome import prices in Japan and South Korea, to 5-6pm Shanghai time from 2-3pm London time.
Fastmarkets is inviting feedback on a proposal change the publishing time for our silico-manganese, ferro-manganese and manganese ore port prices in China, to 5-6pm Shanghai time from 2-3pm London time.
The publication of Fastmarkets copper concentrates TC index, cif Asia Pacific was delayed on Friday March 26, due to a reporter error.
Fastmarkets FOEX invited feedback from the industry in an open consultation process between April 26 and May 24, 2023, on the pricing methodology for its PIX Packaging Europe price indices. The consultation was done as part of our annual methodology review process.
Fastmarkets RISI is inviting feedback from the industry on the pricing methodologies for Global Pulp, as part of its announced annual methodology review process.
After a month-long consultation period, Fastmarkets has refined the delivery terms for its international nickel sulfate price assessments, with Japan and Korea now the only accepted locations.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.