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AMM scrap iron and steel pricing final notice

Sep 16, 2013 | 05:31 PM | AMM staff

Tags  ferrous scrap, Consumer Buying Price, Broker Buying Price, Dealer Selling Prices, Export Yard Buying Price


After reviewing market opinion on AMM’s proposed price launches and suspensions for scrap iron and steel items, AMM will undertake the following:

Consumer Buying Price assessments for Birmingham, Carolinas, Houston, New York, Seattle/Portland and St. Louis will be suspended effective Feb. 28, 2014.

Consumer Buying Price assessments for Alabama, Arkansas/Tennessee border, North Carolina/Virginia, South Carolina and Cincinnati will be launched Aug. 15, 2013.

Broker Buying Price assessments for Atlanta, Boston, Buffalo, Cincinnati and Detroit will be suspended effective Feb. 28, 2014.

Dealer Selling Prices (f.o.b./shipping point dealer yard) for Atlanta, Buffalo, Houston, St. Louis and Montreal will be launched Aug. 1, 2013.

Export Yard Buying Price assessments for Seattle/Portland will be launched Aug. 15, 2013.

In addition, AMM will review Consumer Buying Price assessments in Detroit and Hamilton, Ontario; and Export Yard Buying Prices in Los Angeles and San Francisco to ensure adoption of updated standards for price discovery. AMM expects the reviews to likely result in one-time, non-market adjustments in the values of some grades, which will occur on Aug. 30, 2013.

These changes are being made to better reflect how scrap is predominantly traded in each region and continue to span every region that AMM has historically covered, along with the addition of some new markets.

For more clarity, the following table illustrates which markets will be suspended to make way for a more robust alternative. AMM is publishing the new price assessments in parallel with those being suspended until Feb. 28, 2014, at which time only the new series will continue.




See previous ferous scrap price announcement: click here




Latest Pricing Trends Year Over Year

Poll

After witnessing the pace of steel plant idlings and worker layoffs during the first half of the year, what is your view of the second half of 2015? (choose one)

No matter what else happens, layoffs and shutdowns, etc., have nearly or essentially stopped for the year.
The environment will change little and the pace of layoffs will continue at a similar rate as the first half of 2015.
The environment will change little yet the pace of layoffs will begin to slow slightly to moderately.
The environment will change little yet the pace of layoffs could exceed the rate seen thus far.
The environment will improve slightly to moderately yet hiring and plant restarts will not resume this year.
The environment will improve slightly to moderately, with hiring and plant restarts commencing.
The environment will improve dramatically yet hiring and plant restarts will still be negligible in comparison.
The environment will improve dramatically yet hiring and plant restarts will only be slight to moderate.
The environment will improve dramatically, with hiring and plant restarts occurring nearly in tandem.


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