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PRICING NOTICE: Amendment of specification of northern China domestic hot-rolled coil price

Fastmarkets has amended the specification of its northern China domestic hot-rolled coil price assessment to ex-works from ex-warehouse after a one-month consultation period from the date of this notice.

December 10, 2019
By Generic people page
Pricing notice

This is to reflect the changing market situation in the region where Tangshan’s ex-works prices is growing in influence in the spot market.

The updated specifications are as follows:

Assessment: Steel hot-rolled coil domestic, exw Northern China, yuan/tonne
Quality: Standard width 1,500mm, thickness 4.5-12mm, Q235B/SS400
Quantity: 20-200 tonnes
Location: Ex-works Tangshan
Timing: Spot
Unit: yuan/tonne
Payment terms: Prompt payment upon delivery
Publication: Every Friday, 5pm Shanghai time
Notes:  Inclusive of 13% VAT

The amendment came into effect on December 10.

To provide feedback on the amendment or if you would like to provide price information by becoming a data submitter to the northern China HRC prices, please contact Paul Lim and Miranda Song by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Paul Lim/Miranda Song, re: northern China HRC price assessment.’

To see all Fastmarkets’ pricing methodology and specification documents, please go to www.fastmarkets.com/about-us/methodology.

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