American Metal Market Launches New Scrap Index




FOR IMMEDIATE RELEASE
Contact: Karen Ross
412-880-4966

American Metal Market
, the leading independent supplier of market intelligence and pricing on the North American metals industries announces the launch of a new US Midwest Ferrous Scrap Index. This new index builds upon the publication’s extensive experience in reporting scrap prices across a wide range of grades and locations and has been developed to provide a fair, transparent and objective representation of the market.

Published on amm.com on the 10th of every month at 4PM USA EST, the US Midwest Ferrous Scrap Index will be quoted in US$ per ton, delivered to the mill, and is calculated for three grades: No. 1 Heavy Melt; No. 1 Busheling; and shredded automotive scrap.

“The index was created to offer a volume weighted transaction-based evaluation of the direction of the Midwest market as a whole. The inclusion of transaction data from Illinois, Indiana, Wisconsin, Iowa, and Northwest Ohio generates a robust number published on a pre-established date each month,” explained AMM’s Senior Vice President and Editor-In-Chief David Brooks.

For complete details on the methodology behind the index, please visit www.amm.com. You must be a subscriber to AMM to access the pricing section of amm.com. Questions about the index can be directed to David Brooks at dbrooks@amm.com.

About American Metal Market:
Since its first print issue published in 1882, AMM has been the trusted name in metals industry information. Industry leaders, decision-makers and purchasing executives at primary metals producers, service centers, metals consuming end-users, original equipment manufacturers, distributors and metals recyclers worldwide read the publication daily. Readers rely on AMM to assist them throughout the critical day-to-day decision-making process, helping them to manage, operate and make strategic purchasing decisions for their company.AMM provides exclusive news and pricing information for the ferrous and nonferrous metals markets with a focus on North America and world markets where applicable. As a member of the Metal Bulletin family of publications, AMM also offers direct access to the global markets through its sister publications, research newsletters, information directories and worldwide conferences. For more information about this topic, please contact Karen Ross at 412-880-4966 or kross@amm.com.

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