Fastmarkets AMM is proposing to discontinue its foundry steel, 2’ max consumer buying price in Philadelphia due to a lack of liquidity.
The 30-day consultation begins on Monday November 4 and ends on Monday December 2. An update to this notice will be published on Tuesday December 3.
Under the proposal, this price would continue to be assessed through December 31 ahead of a delisting on January 1.
The following scrap grades are proposed for discontinuation:
Assessment: Foundry steel, 2’ max
Quality: Steel scrap 1/8 inch and over in thickness, not more than 2 feet in length or 18 inches in width. Individual pieces free from attachments. May not include non-ferrous metals, cast or malleable iron, cable, vitreous enameled or metal-coated material.
Location: Delivered mill, Philadelphia
Unit: US dollars per gross ton
Publication: Monthly, typically before the 10th
ISRI code: 242
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 firstname.lastname@example.org. Please add the subject heading FAO: Sean Barry re: Philadelphia, foundry steel, 2’ max.
To see all of Fastmarkets AMM's pricing methodology and specification documents, click here.