The importance of having an independent source for steel scrap prices cannot be underestimated. Fastmarkets SPB was founded 160 years ago on the simple principle of providing market transparency as the basis for fair negotiations. With pricing in 18 major markets, and actual transaction data to accompany the price, there is always a reference point against which you can gauge the success of your negotiations.
No one can predict the future of scrap metal prices, but with the short-term outlook provided as part of your Fastmarkets SPB subscription, you will be privvy to the sentiment of active market participants. An overall trend indicator gives a quick overview of the likely short-term direction of the markets, then it's drilled down into a grade by grade analysis. This is the voice of the market, people responsible for profit margins on their scrap deals, telling you what they think is going to happen.
There are lower cost providers of scrap market information - but would you trust your potential profits to a brand you've only seen around for a few years? There's a reason Fastmarkets SPB has been around for so long. Fair, unbiased, with the resources behind it to produce the most reliable data in the industry.