Fastmarkets is amending its holiday pricing schedule for 15 China ferrous prices in 2025.

Market-reflective prices and analysis to help you navigate volatile, opaque markets

This strategic launch is designed to offer the market a single reference price denoting the differential between hot-rolled steel products and the key benchmark scrap and raw materials composite in the production of those grades. The methodology grades for these differentials are as follows: MB-STE-0928 Steel hot-rolled coil index, differential to No1 busheling Chicago, fob mill […]

The following prices were affected:MB-STE-0444 Steel hot-rolled coil import, cfr main port India, $/tonneMB-STE-0445 Steel hot-rolled coil (CR grade) import, cfr main port India, $/tonneMB-STE-0442 Steel hot-rolled coil (commodity) export, fob main port India, $/tonneMB-STE-0436 Steel hot-rolled coil domestic, ex-whse India, rupees/tonne MB-STE-0435 Steel cold-rolled coil domestic, ex-whse India, rupees/tonneMB-STE-0443 Steel cold-rolled coil import, cfr main port India, $/tonneMB-STE-0434 Steel hot-dipped galvanized coil […]

The prices were published at 3:59 pm UK time instead of the scheduled time of 2-3 pm UK time. The following price was published late:MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, yuan/tonne  These prices are a part of the Fastmarkets scrap package. For more information or to provide feedback on the delayed publication of […]

Fastmarkets’ decision follows a one-month consultation to discontinue its China domestic wire rod price because of small transaction volumes and because it is not a major price benchmark or key reference. The consultation received no feedback. The affected price is:MB-STE-0164 Steel wire rod (mesh quality) domestic, ex-whs Eastern China, yuan/tonneFastmarkets will keep its weekly price […]

Fastmarkets has corrected several ferrous metal weekly averages, which were published incorrectly on December 28.

The price subject to this annual review is Fastmarkets’ MB-STE-0141 – steel billet import, cfr Manila. This consultation, which is open until April 7, 2025, seeks to ensure that our methodologies continue to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements […]

Fastmarkets has corrected its MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, which was published incorrectly on Friday March 7.

Fastmarkets will adhere to its regular US price publishing schedule on Thursday January 9, despite amendments to New York Stock Exchange and Chicago Mercantile Exchange trading hours on that date in observance of the passing of former US President James Carter.