Houston non-market adjustment
Following an extensive review period, Fastmarkets SPB has realigned its Houston ferrous scrap broker buying prices, effective November 5. Although Fastmarkets SPB believes that its monthly trends have been correct, there has been feedback from the market that some Houston prices may no longer reflect actual transaction prices. After receiving comments and inputs from the market, Fastmarkets SPB has elected to make the following permanent non-market adjustments for each of the realigned grades. This adjustment does not reflect any potential price movements in November.