Fastmarkets specifies volumes under one of the following four categories:
- Small: 50-499 tons
- Medium: 500-1,999 tons
- Large: 2,000-9,999 tons
- Extra-large: 10,000 tons or more
Fastmarkets’ daily steel hot-rolled coil index, fob mill US was calculated in a range of $29.78-30.08 per hundredweight during the week ended September 25. The weekly average stood at $29.90 per cwt, up by 6.6% from $28.06 per cwt a week earlier. The index was based on the following inputs:
- Offer at $30 per cwt
- Deal at $30 for small tonnage
- Offer at $29
- Offer at $29
- Deal heard at $30
- Deal at $30 for large tonnage
- Offer at $31
- Deal at $30 for small tonnage
- Assessment at $30
- Offer at $30
- Offer at $31
- Offer at $30
- Assessment at $30
- Assessment at $30
- Assessment at $28.50
- Assessment at $29
- Assessment at $30
- Assessment at $28
- Assessment at $30
- Offer at $29.50
- Assessment at $30
- Assessment at $30
- Deal at $30 for large tonnage
- Deal heard at $30
- Deal at $28 for small tonnage
- Assessment at $29
- Offer at $30
- Deal at $30 for small tonnage
- Offer at $31
- Assessment at $30
- Assessment at $30
- Assessment at $31
- Assessment at $29.50
To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.