Delayed publication of Indian steel prices

The publication of Fastmarkets’ assessments of Indian steel prices for Friday June 6 were delayed due to non-adherence to methodology. Fastmarkets' pricing database has been updated.

The following prices were affected:
MB-STE-0444 Steel hot-rolled coil import, cfr main port India, $/tonne

MB-STE-0445
 Steel hot-rolled coil (CR grade) import, cfr main port India, $/tonne

MB-STE-0442
 Steel hot-rolled coil (commodity) export, fob main port India, $/tonne

MB-STE-0436
 Steel hot-rolled coil domestic, ex-whse India, rupees/tonne 

MB-STE-0435
 Steel cold-rolled coil domestic, ex-whse India, rupees/tonne

MB-STE-0443
 Steel cold-rolled coil import, cfr main port India, $/tonne

MB-STE-0434
 Steel hot-dipped galvanized coil domestic, ex-whse India, rupees/tonne

MB-STE-0441
 Steel hot-dipped galvanized coil export, fob main port India, $/tonne

MB-STE-0437
 Steel heavy plate domestic, ex-whse India, rupees/tonne

MB-STE-0439
 Steel heavy plate 12-40mm export, fob main port India, $/tonne

MB-STE-0446
 Steel heavy plate 10-40mm import, cfr main port India, $/tonne

MB-IRO-0023
 Direct reduced iron domestic, exw India, rupees/tonne

MB-STE-0440
 Steel billet export, fob main port India, $/tonne 

MB-STE-0433
 Steel billet domestic, exw India, rupees/tonne

MB-STE-0438
 Steel rebar domestic, exw India, rupees/tonne

These prices are part of the Fastmarkets physical steel package.

For more information or to provide feedback on the delayed publication of these prices or if you would like to provide price information by becoming a data submitter to Indian steel, please contact Suresh Nair by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Suresh Nair, Indian steel.”

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.

What to read next
Fastmarkets has had a strong interest in the proposed new assessments and would like to gather additional information on the specification and grades that should assess.  Based on the feedback, the proposed specifications have been updated as follows:  Quality: Selected Nordic (Swedish, Finnish, Norwegian) export grades of both planed and rough sawn timber spruce (whitewood) […]
While Fastmarkets understands that the PIX sawn timber FAS Finland indices have not been widely adopted by the industry, we have received feedback that there is commercial use for the indices. Therefore, we propose to maintain them for the time being.  The following indices are affected:  The extended consultation period for this proposed discontinuation starts […]
To increase the transparency of our methodology, Fastmarkets clarifies that the quotation period of the MHP nickel payable indicator is the month of delivery, or the month M. Any data points Fastmarkets received otherwise will be normalized to the M month based on the monthly spreads of the prevailing exchange-traded Class-1 nickel reference price, or […]
Following an initial consultation with the market and a review of the typical data sets that have been collected over recent months, Fastmarkets is proposing changes to the specifications of the index for MB-IRO-0009 iron ore 65% Fe Brazil-origin fines, cfr Qingdao, by raising the silica base specification to 2.7% from 2.2%, as well as an […]
The corrections are as follows: AG-BRY-0004 Barley Feed barley FOB Argentina $/mt Incorrect prices: August $119.00 per tonne Corrected to: August $219.00 per tonne Fastmarkets’ pricing database has been updated to reflect this change. These prices are part of the Fastmarkets Ags Grains package. For more information or to provide feedback on this correction notice or […]
This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.