CIS Black Sea export steel prices to be rolled over on January 6

Fastmarkets will roll over its CIS Black Sea export steel prices on January 6, 2023, due to the Russian New Year holiday and the fact that exports from Ukraine have ceased since the war with Russia began.

CIS export prices usually include material exported via the Black Sea from both Ukraine and Russia. As such, these prices would normally be published on January 6, because exporters in Ukraine would remain active even while those in Russia observed the Russian New Year holiday, which runs January 2-6.

Since Russia invaded Ukraine in February 2022, however, Ukrainian steel exports by sea have ceased.

Therefore, there will be no steel export activity during the Russian New Year holiday, and so Fastmarkets will roll the prices over.

The affected prices are:

MB-STE-0014 steel hot-rolled coil export, fob Black Sea, CIS, $ per tonne
MB-STE-0012 steel cold-rolled coil export, fob Black Sea, CIS, $ per tonne
MB-STE-0016 steel slab export, fob Black Sea, CIS, $ per tonne
MB-STE-0017 steel wire rod (mesh quality) export, fob Black Sea, CIS, $ per tonne

For more information or to provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to these prices, please contact Ross Yeo by email at: pricing@fastmarkets.com. Please add the subject heading “FAO Ross Yeo, re: CIS Black Sea export steel prices.”

Fastmarkets’ metals holiday publishing schedule has been updated accordingly. For the full schedule, please see here.

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

What to read next
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
Fastmarkets proposes to amend the specifications of its weekly price assessment for MB-STE-0037 steel rebar domestic exw Italy to better reflect the material traded in the market.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Key talking points from the 75th anniversary event of European steel distributors’ association Eurometal, held July 2-3 in Luxembourg and attended by Fastmarkets.
Fastmarkets has launched MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonne on July 9 due to an expected increase in Indonesia-origin aluminium exports. MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max) in line with LME specifications. Ingot, T-bar, sowQuantity: Min 500 tonnesLocation: FOB IndonesiaTiming: […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]