As of January 22, Fastmarkets AMM is proposing a non-market adjustment to its machine shop turnings consumer buying price in Pittsburgh due to a local mill adding the grade to its melt program.
The added liquidity has given Fastmarkets AMM additional data points on which to base its monthly assessment. The consultation period for this change will end in one month, on Tuesday February 19, and changes would be effective with March scrap settlements.
To provide feedback on this change or if you would like to provide price information by becoming a data submitter for these prices, please contact Lisa Gordon by emailing . Please add the subject heading FAO: Lisa Gordon re: Pittsburgh machine shop turnings.
To see all of Fastmarkets AMM's pricing methodology and specification documents, click here.