Proposal to amend US plate publication day

Fastmarkets proposes to amend the publication day of the weekly US steel cut-to-length plate price assessment from Fridays to Tuesdays.

The affected price’s methodology is as follows, with the proposed amendment highlighted in bold:

MB-STE-0172 Steel cut-to-length plate carbon grade, fob mill US, $/cwt
Quality: ASTM A36 Commercial Steel and corresponding grades. 0.1875 inch – 2 inch thick x 48-72 inches wide x 96-288 inches long
Quantity: Min 50 tons.
Location: fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau.
Unit: USD per hundredweight
Publication: Weekly, Tuesday 
Notes: Raw materials surcharges included. Standard packaging

The consultation period for this proposed amendment will end 30 days from the date of this pricing notice on April 14, with an update to this proposal published on that day. Subject to market feedback, the proposed changes would take place beginning with the weekly assessment from April 19.

To provide feedback on this proposal or if you would like to provide price information by becoming a data submitter to this assessment, please contact Abby Verret by email at: pricing@fastmarkets.com. Please add the subject heading: FAO: Abby Verret re: US CTL plate.

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

What to read next
The following prices were affected: MB-STE-0007 Steel hot-rolled coil domestic monthly, exw Brazil, reais/tonne MB-STE-0005 Steel cold-rolled coil domestic monthly, exw Brazil, reais/tonne MB-STE-0006 Steel hot-dipped galvanized coil domestic monthly, exw Brazil, reais/tonne MB-STE-0008 Steel reinforcing bar (rebar) domestic monthly, delivered Brazil, reais/tonne These prices are a part of the Fastmarkets steel package. For more information or to provide […]
Fastmarkets proposes to discontinue the following duplicate prices, which were previously assessed on a US timestamp and also assessed in Asia, to better reflect observed market liquidity and based on previously received market feedback. Fastmarkets assessed these markets in both the US and Asia following the acquisition and merger of The Jacobson and Palm Oil […]
Fastmarkets has proposed several changes to the methodologies for its suite of global palm and lauric oil methodologies to give more insight into how these prices are assessed. It is also clarifying the timing and monthly rolls of several assessments. Fastmarkets has observed growth and market interest in these prices and wishes to give more […]
Fastmarkets proposes to amend the pricing frequency of its copper grade A cathode premium, delivered Germany; copper grade A cathode premium, cif Leghorn; and copper EQ cathode premium, cif Europe to one a week from the current fortnightly basis, effective December 30.
The following prices were affected: MB-STE-0916 Green steel domestic, differential to US HRC, fob mill, $/short ton MB-STE-0917 Green steel base price, hot-rolled coil fob US mill, weekly inferred, $/short ton These prices are a part of the Fastmarkets steel package. For more information or to provide feedback on the delayed publication of this price or if […]
Fastmarkets will launch a new weekly price assessment for tungsten concentrate, basis 50-70% WO3, spot price, $/mtu WO3 on Friday December 19, with a slight amendment to the originally proposed incoterms. Based on feedback from market participants, Fastmarkets will now launch a price assessed on a CIF global basis, rather than on a CIF Rotterdam […]