Launch of Mexican steel HRC index, rebar price assessment, delivered Bajío

After a consultation period, Fastmarkets has launched a Mexican steel hot-rolled coil index and rebar price assessment, delivered Bajío, to accompany its Mexican steel HRC index and rebar price assessment, delivered Monterrey.

The central Mexican market, or the Bajío region, is one of the main hubs for steel market activity in the country due to its proximity to ports on the Atlantic and Pacific coasts. It is also local to domestic market participants, including one blast furnace, 12 electric-arc furnaces, four rolling mills and over 10 large traders.

This price launch will broaden the coverage of the Mexican market and add to the suite of prices Fastmarkets has in Latin America.

The specifications for the proposed index and assessment are as follows:

MB-STE-0942 Steel hot-rolled coil index, delivered Bajío, Mexico, peso/tonne
Quality: SAE 1006-1008 commercial steel and corresponding grades, 48 inches wide, caliber 8-14
Quantity: Min 35 tonnes
Location: Mexico, Bajío region, delivered price
Timing: 4-8 weeks
Unit: Mexican peso/tonne
Publication: weekly, Thursday, 2-3pm ET
Notes: Standard packaging, raw materials surcharges included. Payment terms are typical commercial practice in the HRC market. Transactions that are conducted on different payment or credit terms will be adjusted back to the base specifications, taking into account discounts and standard commercial terms.

MB-STE-0943 Steel reinforcing bar (rebar), delivered Bajío, Mexico, peso/tonne
Quality: Grade 42, diameter: 9.5-15.9 mm, length: 12,000 mm, NMX-B-506 and equivalent
Quantity: Min 35 tonnes
Location: Mexico, Bajío region, delivered price
Unit: Mexican peso/tonne
Publication: weekly, Thursday, 2-3pm ET
Notes: Raw materials surcharges included.

These prices will be a part of the Fastmarkets steel package.

Fastmarkets’ index methodology screens outliers and applies a quantity-weighted model to ensure that the steel hot-rolled coil index, delivered Bajío, Mexico is the most robust in the industry. Fastmarkets has no financial interest in the level or direction of the index.

To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to this, please contact pricing@fastmarkets.com and steel@fastmarkets.com. Please add the subject heading “re: Mexico steel Bajío.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to the Fastmarkets methodology page.