Platts to eliminate high/low price ranges for US Midwest ferrous scrap assessments

Following market consultation, Platts, part of S&P Global Commodity Insights, will remove high/low price ranges for several of its US Midwest ferrous scrap price assessments. The ranges will be replaced with a single closing value, effective July 1, 2024.

The following US scrap price assessments will be impacted by the change: No. 1 busheling (SB01001), plate and structural (SB01174), and heavy melting scrap 1/2(SB01135).

The change will align these assessments with the single closing value already published for US Midwest shredded scrap and US Southeast No. 1 busheling and shredded scrap.

Platts originally published the proposal on March 25, 2024, and the relevant note can be found here.

Please send feedback, comments, or questions to MetalsAmericas@spglobal.com and pricegroup@spglobal.com.

For written comments, please provide a clear indication if comments are not intended for publication by Platts for public viewing. Platts will consider all comments received and will make comments not marked as confidential available upon request.