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PRICE NOTICE: No. 1 heavy melting scrap

May 04, 2018 | 04:01 PM |


American Metal Market is not increasing the frequency of its No. 1 heavy melting scrap index to the 10th of each month and every Friday and not expanding the footprint covered under the Midwest designation, following substantial market feedback.

The index will therefore continue to only be published at the end of the working day on the 10th of each month. The specifications for the price will remain as follows:

No. 1 Heavy Melting Scrap
Price: US dollars per gross ton
Pricing Point: delivered Midwest mill
Delivery Points: any mill in Illinois, Indiana, Michigan, Wisconsin, Iowa and NW Ohio
Specifications: ISRI Grade 200
No. 1 heavy melting steel 
Wrought iron and/or steel scrap 1/4 inch and over in thickness. Individual pieces not over 60 in x 24 in (charging box size) prepared in a manner to ensure compact charging
ISRI Grade 202
No. 1 heavy melting steel 5 ft x 18 in
Wrought iron and/or steel scrap 1/4 inch and over in thickness. Individual pieces not over 60 in x 18 in (charging box size) prepared in a manner to ensure compact charging
Material Origin: all origins
Trade Size: 500 gross tons
Delivery Window: within 30 days
Payment Terms: net 30 days post delivery
Publication Date: 10th of each month (or following working day)
Publication Time: 4pm New York time

To provide feedback regarding these changes or if you would like to provide price information by becoming a data submitter, please contact North American steel and ferrous scrap editor Thorsten Schier or North American price development manager Grace Lavigne by email at pricing@metalbulletin.com. Please add the subject heading FAO: Thorsten Schier or FAO: Grace Lavigne, re: No. 1 heavy melting scrap.



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