New price

  • AMM will add a new price to Additional Grades for No. 1½ bundles in the Pittsburgh market effective July 25. No. 1½ bundles are a mix of new steel sheet scrap and some sheet scrap from obsolete sources and are usually sold at a discount to the typical mill grade of No. 1 bundles.

    Both the price reported for No. 1 bundles in the Pittsburgh market under Consumer Buying Prices and the new No. 1½ bundles price will be adjusted to reflect delivered-to-mill prices.

Delisting notice

  • American Metal Market plans to delist some items from various pricing tables on Jan. 2, 2008. In the AMM Secondary Ingot table, the indicators for A360.1 and A413.1 will no longer be carried. AMM carries free-market prices for both of those indicators. Two grades of tantalite appearing in the Free Market Price Guide also will be delisted. If you have any questions or concerns involving the changes, please contact Derek Lundquist at (646) 274-6247 or via e-mail (dlundquist@amm.com).

Wire rod pricing notice

  • AMM has determined that the rod prices published on the Steel Base Prices page no longer represent significant portions of the market. Starting April 6, AMM will publish four new rod prices-Mesh quality low carbon; Industrial quality low carbon; High carbon quality; and Cold heading quality-covering nearly 90 percent of the U.S. wire rod market. The six rod prices currently published on the Steel Base Prices page will be discontinued April 26.

Cobalt pricing notice

  • In line with anticipated changes in the market, AMM sister publication Metal Bulletin is rebranding its 99.8% cobalt quote as high-grade cobalt and its 99.3% cobalt quote as low-grade cobalt effective Jan. 1. If Norilsk Nickel's plans to sell all its cobalt to OM Group are approved, Metal Bulletin will consider introducing a single quote for all cobalt metal higher than 99.3-percent purity in January 2008, or possibly earlier depending on market reaction. Comments can be sent to editorial@metalbulletin.com.

AMM secondary aluminum pricing changes

  • Effective Oct. 1, AMM will no longer publish Secondary Ingot Indicator prices for A380.1, 319.1 and 356.1 aluminum alloys. The free-market prices for those three alloys, which AMM began publishing at the beginning of this year, will become AMM’s sole price guidance for the products. The remaining indicators for alloys B380.1, 384.1, A360.1, A413.1, 443.1, 332.1 and B390.1 will not be affected by the change, but AMM will continue to monitor these indicators to assess their continuing validity. If you have questions, contact David Brooks at dbrooks@amm.com or (412) 765-2583.

Nonferrous Scrap Pricing

  • AMM has realigned its dealer buying prices for nonferrous scrap and is working on an improved methodology to ensure that the prices more closely track prices for exchange-traded metals where appropriate. As always, the greater the participation from readers, the easier it is to keep prices in line. If you would be willing to participate in AMM's pricing survey on a confidential basis, contact David Brooks at dbrooks@amm.com.

Hot-Dip Galvanized pricing

  • The AMM price for hot-dip galvanized sheet represents a base price plus a G90 coating on material 0.040 inch (1 millimeter) thick.

Nonferrous Scrap Pricing

  • Because of the extraordinary volatility of metal prices in recent months, AMM is reviewing its practices for assessing city-based buying prices for nonferrous metals. We expect to implement changes beginning June 5.

Price Table Change Notices

  • Beginning Feb. 3, 2003, the price for N.Y. merchant 99.7-percent aluminum, delivered Midwest, will be known as the AMM free-market aluminum price. The name change will bring aluminum into line with the free-market designation AMM gives to other metals prices we publish. The change will not affect the composition of the number in any way.
  • Effective Feb. 3, 2003, AMM will cease publishing prices for nonferrous metal powders. Please contact nonferrous news editor Chris Evans with any comments or questions at (646) 274-6240 or cevans@amm.com.

Ferrous Scrap Price Revisions

  • As indicated in an earlier notice, AMM has adjusted certain ferrous scrap prices in Detroit, New York, Hamilton and Montreal in order to bring these prices more in line with the mill-delivered prices in those regions.

    These adjustments are being made effective Dec. 9. The new prices appear in the respective tables for these cities on the AMM Scrap Iron & Steel Prices page.

    The table below lists the adjustment in dollars for each of these grades in the four cities from the previously published prices. These changes do not reflect any upward or downward movement in actual market prices in December in these cities with one exception: Hamilton, Ontario. In the Hamilton market this month, prices for No. 1 dealer bundles, No. 1 busheling, shredded scrap and both machine shop and shoveling turnings were reduced by an average of Canadian $5 a net ton. Those reductions have been factored into the new prices for these grades as well as the adjustments listed below for the Hamilton market.

    The last similar adjustments in AMM pricing were made for the Detroit market 18 months ago. In Hamilton and Montreal, a more sweeping revision was done in January 2001 when AMM began reporting consumer or mill-delivered prices for the two Canadian cities. Broker buying prices had previously been reported for those cities.

  • Detroit

    (under Consumer Buying Prices)

    • No. 1 heavy melting steel...+$5
    • No. 1 dealer bundles...+15
    • No. 1 busheling...+18

    Detroit

    (under Brokers Buying Prices)

    • No. 1 heavy melting steel...+$15
    • No. 1 dealer bundles...+25
    • No. 1 busheling...+25

    New York

    (under Consumer Buying Prices)

    • No. 1 busheling...+$13
    • Shredded scrap...+4-6

    Hamilton

    (under Consumer Buying Prices)

    • No. 1 heavy melting steel...+$12
    • No. 1 dealer bundles...+43
    • No. 1 busheling...+43
    • Shredded scrap...+49-51
    • Machine shop turnings...+53
    • Shoveling turnings...+53
    • Cut structural/plate, 5' max....+26

    Montreal

    (under Consumer Buying Prices)

    • No. 1 heavy melting steel...+$32
    • No. 2 heavy melting...+31
    • No. 1 busheling...+30
    • Shredded scrap...+40-41
    • Machine shop turnings...+10
    • Cut structural/plate, 5' max....+33-35

Notice: AMM to alter pricing tables

  • Beginning Jan. 1, 2003, AMM will no longer publish the following prices:

    AMM Market Guide

    • Zinc: Special High Grade, High Grade, Prime Western, CGG. Instead, we will publish new AMM free-market Special High Grade zinc premiums and also run an AMM free-market lead premium.

    Free Market Price Guide

    • Magnesium: Norsk-Hydro (euro/kg).
    • Mercury: 99.9 percent, minimum 50-flask lots.
    • Tungsten: Ore., min. 65 percent WO3.
    • Lead oxides.
    • Zinc oxides.
    • Zinc dust.
    • Rare earths.

    Market Prices box

    • Lead (a producer price supplied by Doe Run). Instead, we will publish new AMM free-market Special High Grade zinc premiums and also run an AMM free-market lead premium.
  • Please direct any questions to:
    Chris Evans (AMM's nonferrous news editor)
    (646) 274-6240
    cevans@amm.com

Previous price change notices

  • At the end of November 2002, AMM discontinued two copper prices that appeared on the daily Market Guide page and in the Market Prices box: Electrolytic wirebar and AMM cathode.

    Both numbers were replaced with a new AMM free-market copper cathode price, which will reflect the Comex settlement price and a premium indicator for high-grade material.

  • In January 2002, AMM discontinued publishing a number of prices that were unchanged for unusually long periods. In addition, AMM altered selected price tables to more accurately reflect market conditions.

    The following prices and/or tables were affected:

    AMM Market Guide (daily)

    • Aluminum -- Rich Alloy: H2307 and H2312 discontinued. Quantity
    • Premiums: Entire table discontinued
    • Commodity Options Prices -- Discontinued
    • Copper -- Domestic Producers, OFHC brand premium and Continuous cast rod premium discontinued.
    • Foreign Producer Premiums, Sales outside the U.S., discontinued.
    • Foreign Producer Premiums, Sales in the U.S., replaced by Metal Bulletin's quoted producer premium (ZCCM and Codelco) contract 2001 Grade A cathode average.
    • Platinum -- Domestic Merchant: Ruthenium discontinued.
    • Zinc -- Producers' U.S. Spot table for Special High Grade, High Grade, Prime Western and CGG carries only transaction premiums over LME, instead of the LME official spot price plus premiums.

    Ferroalloys table (Monday)

    • Ferrochrome -- High Carbon 50-55% and 65-70% discontinued.
    • Chromium Metal: Electrolytic Standard and Electrolytic Vacuum discontinued.
    • Low carbon ferrochrome prices added to the table.
    • Ferromanganese -- Medium Carbon prices discontinued.
    • Electrolytic Manganese: Pallet boxes discontinued.
    • Manganese Aluminum: Pallet boxes 75% and 85% discontinued.
    • Ferrosilicon -- 50% Ferrosilicon: Regular discontinued.
    • Foundry Alloy: Calsibar alloys discontinued.
    • Magnesium Ferrosilicon: Entire table to be discontinued.
    • Silicon Metal -- Regular, Producer List, discontinued.
    • Primary, Producer List, discontinued.
    • Chemical, max. 0.35% iron, discontinued.
    • Ferrocolumbium -- Vacuum grade discontinued.
    • Ferrocolumbium, ferromolybdenum, ferrotungsten, ferrovanadium and vanadium pentoxide -- The current AMM terms of reference for these products replaced by Metal Bulletin terms of reference.

    Nickel table (Monday)

    • Mill Products -- Entire table discontinued.

    Beryllium table (Tuesday)

    • Alloys Containing Beryllium (typically 2%) -- Entire table discontinued.
    • Beryllium Copper -- Entire table discontinued.
    • Beryllium Copper Master Alloy -- Entire table discontinued.

    Standard Copper Base Hardening Additives (Tuesday)

    • Entire table discontinued.

    Molybdenum table (Tuesday)

    • AMM's estimated market prices for molybdic oxide, canned, producer and merchant, replaced by a single U.S. canned molybdic oxide price, free market in warehouse.

    Antimony table (Wednesday)

    • Antimony Metal (99.65%) -- AMM adopted Metal Bulletin's terms of reference.
    • Antimony trioxide -- High tint, U.S. producer, discontinued.
    • Imports -- Discontinued.

    Mercury table (Thursday)

    • Mercury, Under 50 flask lots -- Discontinued.
    • Foreign Markets -- AMM's price for 76-lb. flask, c.i.f. European ports, replaced by Metal Bulletin's free market, min. 99.99%, in warehouse price.

    Miscellaneous Prices (Friday)

    • Bismuth -- AMM adopted Metal Bulletin's terms of reference.
    • Boron -- Discontinued.
    • Cadmium -- AMM adopted Metal Bulletin's terms of reference.
    • Calcium Metal (commercial grade) -- Discontinued.
    • Cobalt -- AMM prices replaced by current Metal Bulletin prices using Metal Bulletin terms of reference
    • Columbium (Niobium) -- Discontinued.
    • Gallium -- Discontinued.
    • Germanium -- AMM adopted Metal Bulletin's terms of reference.
    • Hafnium -- Discontinued.
    • Indium -- AMM adopted Metal Bulletin's terms of reference.
    • Rhenium -- Discontinued.
    • Selenium -- AMM adopted Metal Bulletin's terms of reference
    • Tantalum -- AMM no longer publishes tantalum prices but added tantalite, quoting Metal Bulletin's tantalite prices.
    • Tellurium -- Discontinued.
    • Tungsten Powder -- AMM's tungsten powder price replaced by
    • Metal Bulletin's tungsten U.S. free market price, APT.
    • Zirconium -- AMM adopted Metal Bulletin's terms of reference.

    Metal Powders table (Friday)

    • Cadmium -- Discontinued.
    • Solder -- Discontinued.
    • Stainless Steel -- Discontinued.

    Brass & Bronze Ingot Prices table (Friday)

    • Discontinued.

Sign up for the AMM Daily Alert
www.republicengineered.com/steel
http://www.awmi.org/