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After a month-long consultation, Fastmarkets has amended the specification of its weekly steel slab, import, cif Italy, price assessment.
To better reflect the material traded in the market, Fastmarkets has reduced the range of specified widths to 1,500-2,500 mm from 1,000-2,500 mm.
The publication day of the assessment has also been changed from Friday to Thursday.
The original consultation can be seen here.
The amended specification is are listed below, with the change in italics:
MB-STE-0896 Steel slab import, cfr Italy, $ per tonneQuality: S235JR,A 36, SAE1006, 3sp width 1,500-2,500 mm, thickness 200-300 mm, length 6,000-12,000mmQuantity: 20,000-50,000 tonnesTiming: 8-10 weeksCurrency: USD per tonnePayment terms: LC at sight or around 20% downpayment via bank remittance, rest after shipment or prior cargo arrivalPublication: Weekly. Thursday, 2-3 pm London time.
These prices are a part of the Fastmarkets steel package.
To provide feedback on this assessment, or, if you would like to provide price information by becoming a data submitter to this price, please contact Holly Chant by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Holly Chant, re: Italy slab.”
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.