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The current publication time for both price assessments is Wednesday, 1-2pm London time.
The proposed revised specifications are as follows:
Assessment: MB-STE-0782 Steel billet, export, fob ports Iran, $ per tonne Quality: 3sp, 130x130mm to 150x150mm, length 8,000-12,000mm Quantity: 1,000-3,000 tonnes Location: fob Iran Timing: Up to 6 weeks Unit: USD per tonne Payment terms: Up to 30% prepayment, 70% L/C Publication: Weekly; Wednesday, 2-3pm London time
Assessment: MB-STE-0781 Steel slab, export, fob ports Iran, $ per tonne Quality: Width 900-2,000mm, thickness 195-250mm, length 3,800-11,000mm Quantity: 2,000-5,000 tonnes Location: fob Iran Timing: Up to 6 weeks Unit: USD per tonne Payment terms: LC, bank transfer Publication: Weekly; Wednesday, 2-3pm London time
No further changes are proposed to the specifications for the two assessments.
The consultation period for this proposed amendment will end one month from the date of this pricing notice, on October 30, with changes taking place, subject to market feedback, from November 1.
To provide feedback on these assessments, or if you would like to provide price information by becoming a data submitter to these indices, please contact Vlada Novokreshchenova by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Vlada Novokreshchenova, re: amendment to publication time of Iranian export billet and slab prices.’
To see all Fastmarkets’ pricing methodology and specification documents, go to www.fastmarkets.com/about-us/methodology.