Following a 30-day consultation period, Fastmarkets will discontinue its foundry steel, 2’ max consumer buying price in Philadelphia due to a lack of liquidity.
Under the proposal, this price will continue to be assessed through December 31 ahead of a delisting on January 1, 2020.
The original notice was published on November 4.
The following scrap grade will be delisted:
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, Philadelphia
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 242
To provide feedback on this price, or if you would like to provide price information by becoming a data submitter to the ferrous scrap assessments, please contact Sean Barry at email@example.com. 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.