The launch is targeted at the green long steel markets in Asia, where steelmakers achieving 0-600 kg of carbon dioxide per tonne of steel have started offering premiums for clean, green steel, especially for the construction industry. The new prices will also complement Fastmarkets’ differentials and base prices for flat steel in Europe, Asia and the United States.
The initial assessment will be published on Monday October 7. The differential will be published every two weeks, while the inferred price will be published weekly, on Mondays.
The specifications are as follows:
MB-STE-0921 Green steel import, differential to rebar assessment, cfr Singapore, $/tonne
Quality: Steel produced with Scope 1, 2 and 3 emissions of 0-600 kg of CO2 per tonne of steel
Quantity: Minimum 10 tonnes
Location: CFR Southeast Asia
Timing: Open
Unit: $/tonne
Publication: Every two weeks, Monday, 5-6pm Singapore time
MB-STE-0924 Green steel base price, rebar cfr Singapore, weekly inferred, $/tonne
Quality: Steel produced with Scope 1, 2 and 3 emissions of 0-600 kg of CO2 per tonne of steel
Quantity: Minimum 10 tonnes
Location: CFR Southeast Asia
Timing: Open
Unit: $/tonne
Publication: Mondays, 5-6pm Singapore time
These prices will be a part of the Fastmarkets steel package.
To provide feedback on these prices, or if you would like to provide price information by becoming a data submitter to this price differential, please contact Sam Li Xiaoyu / Paul Lim by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Sam Li Xiaoyu/Paul Lim, re: Asia green long steel prices”.
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 https://www.fastmarkets.com/methodology.
