Fastmarkets has corrected its daily indices for steel scrap, HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey, and steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, which were published incorrectly on Tuesday August 31 due to a calculation error.
Fastmarkets' calculation of the index for MB-STE-0416
steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, was published on Tuesday as $436.50 per tonne, which has now been corrected to $441.74 per tonne.
Fastmarkets' calculation of the corresponding index for MB-STE-0417
steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, was published on Tuesday as $444.59 per tonne, which has now been corrected to $449.83 per tonne.
Fastmarkets MB's price book and database have been updated to reflect these changes.
For more information, or to provide feedback on this correction notice, or if you would like to provide price information by becoming a data submitter to these indices, please contact Cem Turken by email at:
pricing@fastmarkets.com. Please add the subject heading 'FAO: Cem Turken re: Turkey steel scrap.'
To see all Fastmarkets' pricing methodology and specification documents, go to
https://www.fastmarkets.com/about-us/methodology.