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Price notice: Clev, Pitt, Chi, SF ferrous scrap

Oct 28, 2019 | 12:40 PM | New York | Sean Barry

Tags  ferrous scrap, export yard buying prices, consumer buying prices


Fastmarkets AMM is proposing to discontinue its export yard buying prices in San Francisco as well as some ferrous scrap consumer buying prices in Cleveland, Pittsburgh and Chicago due to a lack of liquidity.

The 60-day consultation begins on Tuesday September 3 and ends on Monday November 4. An update to this notice will be published on Tuesday November 5.

Under the proposal, these prices would continue to be assessed through December 31 ahead of a delisting on January 1.

The following scrap grades are proposed for discontinuation: 

CLEVELAND  

Assessment: Foundry steel, 2’ max
Quality: Steel scrap 1/8 inch and over in thickness, not over 2 feet in length or 18 inches in width. Individual pieces free from attachments. May not include nonferrous metals, cast or malleable iron, cable, vitreous enameled, or metal coated material.
Location: Delivered mill, Cleveland
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 242

Assessment: Cupola cast
Quality: Clean cast iron scrap such as columns, pipes, plates, and castings of a miscellaneous nature, including automobile blocks and cast iron parts of agricultural and other machinery. Free from stove plate, burnt iron, brake shoes or foreign material. Cupola size, not over 24 inches x 30 inches, and no piece over 150 pounds in weight.
Location: Delivered mill, Cleveland
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 252

Assessment: Clean Auto Cast
Quality: Clean auto blocks; free of all steel parts except camshafts, valves, valve springs and studs. Free of non-ferrous and non-metallic parts.
Location: Delivered mill, Cleveland
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 259

Assessment: Unstripped motor blocks 
Quality: Automobile or truck motors from which steel and non-ferrous fittings may or may not have been removed. Free from driveshafts and all parts of frames.
Location: Delivered mill, Cleveland
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 260

Assessment: Heavy breakable cast
Quality: Cast iron scrap over charging box size or weighing more than 500 pounds. May include cylinders and driving wheel centers. May include steel which does not exceed 10% of the casting by weight.
Location: Delivered mill, Cleveland
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 254

Assessment: Drop broken machinery cast
Quality: Clean heavy cast iron machinery scrap that has been broken under a drop. All pieces must be of cupola size, not over 24 inches x 30 inches, and no piece over 150 pounds in weight.
Location: Delivered mill, Cleveland
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 261

Assessment: Rail crops, 2’ max
Quality: Standard section, original weight of 50 pounds per yard and over, 18 inches long and under.
Location: Delivered mill, Cleveland
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 28A

Assessment: Steel car wheels
Quality: Cast iron car wheels
Location: Delivered mill, Cleveland
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 40

PITTSBURGH

Assessment: Foundry steel, 2’ max
Quality: Steel scrap 1/8 inch and over in thickness, not over 2 feet in length or 18 inches in width. Individual pieces free from attachments. May not include nonferrous metals, cast or malleable iron, cable, vitreous enameled, or metal coated material.
Location: Delivered mill, Pittsburgh
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 242

Assessment: Cupola cast
Quality: Clean cast iron scrap such as columns, pipes, plates, and castings of a miscellaneous nature, including automobile blocks and cast iron parts of agricultural and other machinery. Free from stove plate, burnt iron, brake shoes or foreign material. Cupola size, not over 24 inches x 30 inches, and no piece over 150 pounds in weight.
Location: Delivered mill, Pittsburgh
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 252

Assessment: Clean Auto Cast

Quality: Clean auto blocks; free of all steel parts except camshafts, valves, valve springs and studs. Free of non-ferrous and non-metallic parts.
Location: Delivered mill, Pittsburgh
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 259

Assessment: Unstripped motor blocks 
Quality: Automobile or truck motors from which steel and non-ferrous fittings may or may not have been removed. Free from driveshafts and all parts of frames.
Location: Delivered mill, Pittsburgh
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 260

Assessment: Heavy breakable cast
Quality: Cast iron scrap over charging box size or weighing more than 500 pounds. May include cylinders and driving wheel centers. May include steel which does not exceed 10% of the casting by weight.
Location: Delivered mill, Pittsburgh
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 254

Assessment: Rail crops, 2’ max

Quality: Standard section, original weight of 50 pounds per yard and over, 18 inches long and under.
Location: Delivered mill, Pittsburgh
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 28A

Assessment: Random rails
Quality: Standard section tee, girder, and/or guard rails, to be free from frog and switch rails not cut apart, and contain no manganese, cast, welds or attachments of any kind except angle bars. Free from concrete, dirt and foreign material of any kind.
Location: Delivered mill, Pittsburgh
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 29


CHICAGO

Assessment: Random rails
Quality: Standard section tee, girder, and/or guard rails, to be free from frog and switch rails not cut apart, and contain no manganese, cast, welds or attachments of any kind except angle bars. Free from concrete, dirt and foreign material of any kind.
Location: Delivered mill, Chicago
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 29

Assessment: Re-rolling rails
Quality: Standard section tee rails, original weight 50 pounds per yard or heavier, 10 feet long and over. Suitable for rerolling into bars and shapes. Free from bent and twisted rails, frog, switch, and guard rails, or rails with split heads and broken flanges. Continuous welded rail may be included provided no weld is over 9 inches from the end of the piece of rail.
Location: Delivered, Chicago
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 27

SAN FRANCISCO

Assessment: No1 heavy melt

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: Delivered yard, San Francisco. Prices that an export dealer, broker or processor will pay for items delivered to their yard.
Unit: USD per gross ton 
Publication: Weekly 
ISRI Code: 200

Assessment: No2 bundles
Quality: Old black and galvanized steel sheet scrap, hydraulically compressed to charging box size and weighing not less than 75 pounds per cubic foot. May not include tin or lead-coated material or vitreous enameled material. 
Location: Delivered yard, San Francisco. Prices that an export dealer, broker or processor will pay for items delivered to their yard.
Unit: USD per gross ton 
Publication: 
Weekly ISRI Code: 209

Assessment: No1 busheling 

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 percent silicon. Location: Delivered yard, San Francisco. Prices that an export dealer, broker or processor will pay for items delivered to their yard.
Unit: USD per gross ton 
Publication: Weekly 
ISRI Code: 207

Assessment: Machine shop turnings 
Quality: Clean steel or wrought iron turnings, free of iron borings, non-ferrous metals in a free state, scale or excessive oil. May not include badly rusted or corroded stock. 
Location: Delivered yard, San Francisco. Prices that an export dealer, broker or processor will pay for items delivered to their yard.
Unit: USD per gross ton 
Publication: Weekly
ISRI Code: 219

Assessment: Mixed cast
Quality: May include all grades of cast iron except burnt iron. Dimensions not over 24 inches x 30 inches and no piece over 150 pounds in weight. 
Location: Delivered yard, San Francisco. Prices that an export dealer, broker or processor will pay for items delivered to their yard.
Unit: USD per gross ton 
Publication: Weekly 
ISRI Code: 257

Assessment: Unstripped motor blocks 
Quality: Automobile or truck motors from which steel and non-ferrous fittings may or may not have been removed. Free from driveshafts and all frames.
Location: Delivered yard, San Francisco. Prices that an export dealer, broker or processor will pay for items delivered to their yard.
Unit: USD per gross ton 
Publication: Weekly 
ISRI Code: 260

Assessment: Auto bodies

Quality: Constitutes auto bodies 
Location: Delivered yard, San Francisco. Prices that an export dealer, broker or processor will pay for items delivered to their yard.
Unit: USD per gross ton 
Publication: Weekly

Assessment: Cut structural/plate, 5’ 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 percent. 
Location: Delivered yard, San Francisco. Prices that an export dealer, broker or processor will pay for items delivered to their yard.
Unit: USD per gross ton 
Publication: Weekly
ISRI Code: 231

To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to the ferrous scrap assessments, please contact Sean Barry at sean.barry@fastmarkets.com. Please add the subject heading FAO: Sean Barry re: Cleveland, Pittsburgh, Chicago and San Francisco.

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


 

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