Price notice: Montreal ferrous scrap prices
Sep 10, 2018 | 12:13 PM
American Metal Market is proposing to switch its Montreal ferrous scrap price assessments to consumer buying prices from dealer selling prices effective with November settlements this year.
These changes are being proposed to better reflect the movements of ferrous scrap prices in the region. Market participants have expressed interest in the intelligence attached to a delivered mill price as opposed to a broker price.
Pending feedback, the switch would affect the Montreal region's No 1 heavy melt; No 2 bundles, which would serve as a shredder feed price; No 1 busheling; machine shop turnings; and plate and structural scrap, 5 foot max, assessments.
The consultation period closes October 10.
If the switch takes effect, a new data set for consumer buying prices would be created in Price Tracker. All historical data for the discontinued dealer selling prices would remain available separately.
To provide feedback on this proposal, or if you would like to provide price information by becoming a data submitter, please contact ferrous scrap reporter Lisa Gordon at email@example.com. Please add the subject heading FAO: Lisa Gordon, re: Montreal consumer prices.
To see all of American Metal Market’s pricing methodology and specification documents, click here.
American Metal Market has no financial interest in the level or direction of the assessment.