01/12/2023

American Metal Market's "Non Market Adjustment"

Good Afternoon RANC Members:

I have had several members reach out to me regarding the American Metal Market's "Non Market Adjustment" of an additional $45/GT on the Carolina's No. 1 Busheling market.  In all of the cases it has eliminated or shrunk the margin with which they have with industrial accounts and they feel like it was inaccurate. 

If this has affected your company will you please share your transaction price directly with Amy Hinton at American Metal Market at amy.hinton@fastmarkets.com. I have already reached out to her and she is hoping to receive emails from as many companies as possible.  

Thanks and look forward to seeing many of you next week at our Winter Connect event! 

Blake Cloninger
Biltmore Iron & Metal Company-Vice President
ISRI Southeast Region-Treasurer
2023 Recycling Assoc.of NC-President
828-545-5254 (c)
828-253-9317 (w)