PRICING NOTICE: Proposal to alter US HRC deadline

Fastmarkets AMM is proposing to change the deadline for data submissions to its daily steel hot-rolled coil index, fob mill US to 3pm New York time from 4pmcurrently.

The extra hour will give the editorial team more time to consider the inputs collected during the preceding data collection period, with the number of data inputs for each pricing session having increased since the frequency of the index was moved to daily in November 2017. Inputs received after 3pm will be included in the calculation of the index for the subsequent pricing period.

The change to the deadline for data submissions will not affect the time that the final index price is published. The index will continue to be published daily from 4-5pm New York time.

The one-month consultation period for this proposed amendment will end on Friday February 7, with changes taking place – subject to market feedback – beginning February 10.

To provide feedback on this index, or if you would like to provide price information by becoming a data submitter to this index, please contact Grace Asenov at pricing@fastmarkets.com. Please add the subject heading “FAO: Grace Asenov re: US HRC data submissions deadline.”

To see all of Fastmarkets AMM’s pricing methodology and specification documents, click here.

What to read next
The publication of the affected prices was delayed for 50 minutes. The following indices were published late: MB-MNO-0001 Manganese ore high grade index, cif Tianjin, $ per dmtu MB-MNO-0002 Manganese ore semi carbonate index, 36.5% Mn, fob Port Elizabeth, $/dmtu MB-MNO-0003 Manganese ore semi carbonate index, 36.5% Mn, cif Tianjin, $/dmtu These prices are a part of the […]
Fastmarkets proposes to amend the specifications of its weekly price assessment for MB-STE-0037 steel rebar domestic exw Italy to better reflect the material traded in the market.
The purpose of this review is to ensure that the index continues to accurately reflect prevailing market conditions. We welcome feedback from industry participants on potential amendments to the base specification. This consultation, which is open until August 9, 2025 seeks to ensure that our methodologies continue to reflect the physical market under indexation, in […]
Fastmarkets has launched MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonne on July 9 due to an expected increase in Indonesia-origin aluminium exports. MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max) in line with LME specifications. Ingot, T-bar, sowQuantity: Min 500 tonnesLocation: FOB IndonesiaTiming: […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Fastmarkets has corrected its daily AG-PLM-0012 refined bleached deodorised (RBD) palm olein, fob Indonesia price assessment, which was published incorrectly on July 7 due to an input error.