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Price notice: Buffalo ferrous scrap

Jun 01, 2019 | 09:55 AM |

Tags  price notice, ferrous scrap, Buffalo ferrous scrap dealer selling prices


Fastmarkets AMM proposes to discontinue its monthly assessments of Buffalo ferrous scrap dealer selling prices due to a lack of market liquidity.

The following prices have been proposed for discontinuation:

Assessment: No1 heavy melting scrap
Quality: Wrought iron and/or steel scrap ¼ inch and over in thickness. Individual pieces not over 60 inches x 24 inches (charging box size) prepared in a manner to insure compact charging. 
Location: Buffalo
Unit: US dollars per gross ton
Publication: Monthly

Assessment: No1 busheling scrap
Quality: Clean steel scrap, not exceeding 12 inches in any dimensions, including new factory busheling (for example, sheet clippings, stampings, etc.). May not include old auto body and fender stock. Free of metal coated, limed, vitreous enameled, and electrical sheet containing over 0.50% silicon.
Location: Buffalo
Unit: US dollars per gross ton
Publication: Monthly

Assessment: Shredded auto scrap 
Quality: Homogeneous iron and steel scrap magnetically separated, originating from automobiles, unprepared No1 and No2 steel, miscellaneous baling and sheet scrap. Average density 70 pounds per cubic foot. 
Location: Buffalo
Unit: US dollars per gross ton
Publication: Monthly

Assessment: Machine shop turnings 
Quality: Clean steel or wrought iron turnings, free of iron borings, nonferrous metals in a free state, scale, or excessive oil. May not include badly rusted or corroded stock. 
Location: Buffalo
Unit: US dollars per gross ton
Publication: Monthly

Assessment: Cut structural/plate, 5ft. max
Quality: Cut structural and plate scrap, 5 feet and under. Clean open hearth steel plates, structural shapes, crop ends, shearings, or broken steel tires. Dimensions not less than ¼-inch thickness, not over 5 feet in length and 18 inches in width. Phosphorus or sulfur not over 0.05%. 
Location: Buffalo
Unit: US dollars per gross ton
Publication: Monthly

The consultation period for this proposal will end on May 10; an update to this notice will be published on that day. 

To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter, please contact Lisa Gordon by email at pricing@fastmarkets.com. Please add the subject heading FAO: Lisa Gordon, re: Buffalo ferrous scrap dealer selling prices. 

To see all of Fastmarkets AMM's pricing methodology and specification documents, click here.


 

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