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The grades are steel scrap foundry steel 2ft max, consumer buying price, delivered mill Detroit; steel scrap cupola cast, consumer buying price, delivered mill Detroit; and steel scrap clean auto cast, consumer buying price, delivered mill Detroit.
Detailed specifications follow below.
MB-STE-0276Assessment: Foundry steel, 2’ maxQuality: Steel scrap 1/8 inch and over in thickness, not over 2 feet in length or 18 inches in width. Individual pieces free from attachments. May not include nonferrous metals, cast or malleable iron, cable, vitreous enameled, or metal coated material.Location: Delivered mill, US/Canada, specified cityUnit: USD per gross ton (Canadian cities in Canadian currency/net tons)Publication: Monthly, typically before the 10thNotes: ISRI Code: 242
MB-STE-0277Assessment: Cupola castQuality: Clean cast iron scrap such as columns, pipes, plates, and castings of a miscellaneous nature, including automobile blocks and cast iron parts of agricultural and other machinery. Free from stove plate, burnt iron, brake shoes or foreign material. Cupola size, not over 24 inches x 30 inches, and no piece over 150 pounds in weight.Location: Delivered mill, US/Canada, specified cityUnit: USD per gross ton (Canadian cities in Canadian currency/net tons)Publication: Monthly, typically before the 10thNotes: ISRI Code: 252
MB-STE-0278Assessment: Clean auto castQuality: Clean auto blocks; free of all steel parts except camshafts, valves, valve springs, and studs. Free of nonferrous and non-metallic parts.Location: Delivered mill, US/Canada, specified cityUnit: USD per gross ton (Canadian cities in Canadian currency/net tons)Publication: Monthly, typically before the 10thNotes: ISRI Code: 259
The consultation period for this price discontinuation will begin on Monday November 7 and end on Monday December 5, with changes taking place, subject to market feedback, from Tuesday December 6.
To provide feedback on the proposal to discontinue these converted price assessments, please contact Thorsten Schier by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Thorsten Schier, re: Detroit foundry grades.”
To see all Fastmarkets’ pricing methodology and specification documents, go tohttps://www.fastmarkets.com/about-us/methodology.