US CRC, galv, plate open consult result

Fastmarkets invited feedback from the industry in an open-consultation process on the pricing methodology for the following assessments: steel cold-rolled coil, fob mill US; steel hot-dipped galvanized coil (cold-rolled base), fob mill US; and steel cut-to-length plate carbon grade, fob mill US.

The consultation, which began Monday April 4 and ended on Wednesday May 4, was done as part of its annual methodology review process in compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.

Fastmarkets received feedback on the current methodology for the steel cut-to-length plate assessment, which is currently being researched via conversations with other market participants. Fastmarkets is not making any changes to the methodology in the meantime. Separately, Fastmarkets recently changed the publication day of the weekly assessment to Tuesdays.

Fastmarkets did not receive any feedback on the cold-rolled coil or hot-dipped galvanized (cold-rolled base) assessments, and as a result, will not make any changes to those methodologies.

To provide feedback on this annual review, or if you would like to provide price information by becoming a data submitter to these prices, please contact Grace Asenov by email at pricing@fastmarkets.com. Please add the subject heading: “FAO: Grace Asenov re: annual methodology review of Fastmarkets’ cold-rolled coil, galvanized coil and cut-to-length plate prices.”

To see all Fastmarkets’ pricing methodology and specification documents, click here.

What to read next
The publication of Fastmarkets’ AG-PLM-0019 refined bleached deodorised (RBD) palm olein, cfr South China assessment for Thursday July 24 was delayed due to a reporter error. Fastmarkets’ pricing database has been updated.
Fastmarkets has launched a MB-STE-0935 Steel reinforcing bar (rebar), differential to shredded auto scrap Chicago, fob mill US, $/gross ton to complement its existing suite of steelmaking raw materials to finished product differentials on Wednesday July 23. This strategic launch is designed to offer the market a single reference price denoting the differential between steel […]
The following prices were affected:MB-BI-0001 bismuth 99.99% Bi min, in-whs Rotterdam, $ per lbMB-CD-0001 cadmium 99.95% min, cif global ports, cents per lbMB-CD-0002 cadmium 99.99% min, cif global ports, cents per lb. These prices are part of Fastmarkets’ minor metals package. For more information, or to provide feedback on the delayed publication of these prices, or if you […]
After a consultation period from June 20 to July 18, Fastmarkets made the decision to discontinue these assessments because the outright prices no longer reflect market conditions, with the market shifting toward payables as the dominant pricing method. The affected prices are:MB-NIO-0003 nickel mixed hydroxide precipitate outright price, cif China, Japan and South Korea, $ per tonneMB-NIO-0005 nickel […]
The publication of Fastmarkets’ MB-CO-0004 cobalt alloy grade, in-whs Rotterdam and MB-CO-0005 cobalt standard grade, in-whs Rotterdam assessments for Wednesday July 23 was delayed because of a system error. Fastmarkets’ pricing database has been updated.
On reviewing the methodology specifications, Fastmarkets is proposing to update the quantity, location and payment terms of the price. The specifications would be as follows, with amendments in italics: MB-SI-0003 silicon, ddp US, US cents per lbQuality: Si: 98.50%, Fe: 0.50%, Al: 0.50%, Ca: 0.30%Quantity: Min 20 tonnesLocation:ddp USUnit: US cents per lbPayment terms: 30 days, other terms normalizedPublication: Weekly, Thursday 4-5pm […]