Following a consultation period, Fastmarkets will change the minimum tonnage of its weekly price assessments for steel hot-rolled coil for export, fob main port Turkey, to a minimum of 2,000 tonnes (with no set maximum), from the current 500-1,000 tonnes, with effect from Monday August 24.
The change follows a consultation period that ran from July 21 to August 21.
The adjustment of the specification will bring the assessment into line with recent changes seen in the market – specifically, an increase in the average cargo size.
To provide feedback on this change, or if you would like to provide price information by becoming a data submitter to this price, please contact Serife Durmus by email at firstname.lastname@example.org. Please add the subject heading ‘FAO: Serife Durmus, re: Turkey HRC export price.’
To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.