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Price notice: Cincinnati ferrous scrap

Dec 15, 2019 | 01:24 PM | Mei Ling Toh

Tags  ferrous scrap, No1 busheling, No1 bundles, Cincinnati


Fastmarkets is proposing a realignment of its Cincinnati consumer buying prices for steel scrap No1 busheling and steel scrap No1 bundles, effective from the January 2020 settlement.

The following scrap grades are proposed for realignment:

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 mill, Cincinnati
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 207

Assessment: No1 bundles
Quality: New black steel sheet scrap, clippings or skeleton scrap, compressed or hand bundled, to charging box size, and weighing not less than 75 pounds per cubic foot. (Hand bundles are tightly secured for handling with a magnet.) May include Stanley balls or mandrel wound bundles or skeleton reels, tightly secured. May include chemically detinned material. May not include old auto body or fender stock. Free of metal coated, limed, vitreous enameled, and electrical sheet containing over 0.50 percent silicon.
Location: Delivered mill, Cincinnati
Unit: USD per gross ton
Publication: Monthly, typically before the 10th
ISRI Code: 208

Although Fastmarkets believes that its monthly trends have been correct, there has been feedback from the market that some Cincinnati prices may no longer reflect actual transaction prices.

As a result, Fastmarkets will hold a 30-day consultation period beginning Tuesday December 3, during which it invites comments and input from market participants. An update to this notice will be published on January 2, 2020. Any adjustments will be made in January prior to the monthly pricing settlement. 

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 Mei Ling Toh and Sean Barry at pricing@fastmarkets.com. Please add the subject heading FAO: Mei Ling Toh, Sean Barry re: Cincinnati consumer buying prices.

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


 

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