US Midwest ferrous scrap indices open consultation result

Fastmarkets invited feedback from the industry in an open consultation process between Monday April 4 and Wednesday May 4 on the pricing methodology for its US Midwest ferrous scrap indices.

The consultation was done as part of Fastmarkets’ annual methodology review process, in compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.

Fastmarkets did not receive any feedback during the consultation period for the US Midwest ferrous scrap indices, and therefore no changes will be made to the methodology.

To provide feedback on the annual review of the Midwest ferrous scrap indices, or if you would like to provide price information by becoming a data submitter to these indices, please contact Sean Barry by email at Please add the subject heading: FAO: Sean Barry re: annual methodology review of Fastmarkets US Midwest ferrous scrap indices.

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

What to read next
The publication of Fastmarkets’ Shanghai ferro-nickel price assessment for Monday March 27 was delayed due to a reporter error during the data collection process.
Fastmarkets proposes to extend the shipment window of its alumina index inferred, fob Brazil, to allow for greater inclusion of reported liquidity, and to increase the frequency of publication to weekly.
Following a month-long consultation period, Fastmarkets has amended the methodology for the bi-weekly assessment of the aluminium P1020A main Japanese ports (MJP) spot premium, to include domestic tenders and deals from the Japanese market.
Fastmarkets proposes to discontinue its ferrous scrap consumer buying price for cast iron borings in Pittsburgh due to a lack of liquidity.
Fastmarkets is proposing a realignment of its consumer buying price for ferrous scrap No1 busheling in Cincinnati and Pittsburgh, effective from the May 2023 monthly settlement.
The publication of Fastmarkets’ US rebar prices took place earlier than scheduled on Wednesday March 22 due to a reviewer error.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.