The amended specifications for this index will be as follows:
Steel reinforcing bar (rebar) index export, fob China main port, $/tonne
Quality: BS500B, chromium added, other grades normalized, diameter 12-32mm
Quantity: 100-5,000 tonnes
Location: fob China main ports
Timing: 4-6 weeks
Payment terms: Letter of credit on sight
Publication: Daily, 4.30pm Shanghai time
Notes: Tax rebate of 13%, subtracted from 13% value-added tax. Data history as an assessment from July 2007 and as an index from October 2017
The one-month consultation for this proposed amendment will end on Wednesday September 23, with changes taking place - subject to market feedback - beginning September 24.
To provide feedback on this assessment, or if you would like to provide price information by becoming a data submitter to this price assessment, please contact Paul Lim and Jessica Zong by email at email@example.com. Please add the subject heading ‘FAO: Paul Lim/Jessica Zong, re: fob China rebar index.’
To see all of Fastmarkets’ pricing methodology and specification documents, go to www.fastmarkets.com/about-us/methodology.