The assessment will now consider cargoes of 10,000-80,000 tonnes, compared with 30,000-80,000 tonnes previously. The amendment will enable Fastmarkets to take more cargoes into consideration when making the weekly price assessment.
All historical data relating to this price prior to the amendment will remain available in the pricing section of the Fastmarkets website.
Following the amendment, the full specifications are as follows:
Assessment: Steel slab import, cfr Southeast Asia/East Asia, $/tonne
Dimensions: Width 750-2,100mm, thickness 200-260mm
Quantity: 10,000-80,000 tonnes
Location: cfr Southeast Asia/East Asia
Timing: 6-12 weeks
Payment terms: Prompt payment upon delivery
Publication: Every Monday, 5-6pm Singapore time
The amendment will apply from August 26.
To provide feedback on this price or if you would like to provide price information by becoming a data submitter, please contact Lee Ken Kiat by email at: firstname.lastname@example.org. Please add the subject heading "FAO: Lee Ken Kiat, re: steel slab import, cfr Southeast Asia/East Asia, $/tonne."
To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.
Fastmarkets will amend the quantity in the specifications of its price assessment for steel slab import, cfr Southeast Asia/East Asia, $/tonne following a one-month consultation.