Amendment to holiday pricing schedule for five Middle East-related steel and metallics prices

Fastmarkets is amending its holiday pricing schedule for five Middle East-related steel and metallics prices this December.

The following prices will be priced on December 24 instead of their normal pricing days, which fall on UK public holidays:

• MB-IRO-0186 Iron ore DR-grade pellet premium indicator, $/tonne (instead be Wednesday December 25)
• MB-STE-0782 Steel billet export, fob ports Iran, $/tonne (instead of Wednesday December 25)
• MB-STE-0781 Steel slab export, fob ports Iran, $/tonne (instead of Wednesday December 25)
• MB-STE-0516 Steel billet import, cfr main port Egypt, $/tonne (instead of Thursday December 26)
• MB-STE-0112 Steel reinforcing bar (rebar) domestic, exw Egypt, E£/tonne (instead of Thursday December 26)

In a change from the previous calendar, these prices are being moved to the day before the holiday instead of the day after, which is not a working day in many Middle Eastern countries.

These prices will also not be published on January 1, which is also a UK public holiday. They will be published the next working day, on January 2, which is unchanged from the previous notice.

Fastmarkets’ pricing holiday calendar has been updated to reflect these changes. You can find the pricing holiday calendar here

These prices are part of the Fastmarkets steel price package.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

What to read next
The prices were published at 3:59 pm UK time instead of the scheduled time of 2-3 pm UK time. The following price was published late:MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, yuan/tonne  These prices are a part of the Fastmarkets scrap package. For more information or to provide feedback on the delayed publication of […]
The publication of Fastmarkets’ iron ore indices for Friday June 20 was delayed due to a technical issue. Fastmarkets’ pricing database has been updated. The following indices were affected:MB-IRO-0191 61% Fe fines, cfr Qingdao, $/tonneMB-IRO-0008 62% Fe fines, cfr Qingdao, $/tonneMB-IRO-0144 62% Fe low-alumina fines, cfr Qingdao, $/tonneMB-IRO-0015 Iron ore 58% Fe fines, cfr Qingdao, […]
Fastmarkets proposes to discontinue its outright price assessments for mixed hydroxide precipitate (MHP).
The publication of Fastmarkets’ MB-ILM-0004 Ilmenite concentrate, 47-49% TiO2, cif China, $/tonne, MB-RUT-0001 Rutile 95% TiO2 min, large volumes for pigment, fob Australia, $/tonne and MB-RUT-0002 Rutile 95% TiO2 min, bagged, fob Australia, $/tonne price assessments for Thursday June 19 were delayed because of reporter error. Fastmarkets’ pricing database has been updated. The following prices […]
Due to a system error, the market price for June 2 was used twice in the calculation of the weekly average for AG-FML-0008 Feathermeal, fob US Delmarva Peninsula, $/short ton, resulting in an error. Fastmarkets’ pricing database has been updated to reflect this change. Incorrect weekly average for May 31-June 6: $185-270 per short tonCorrect weekly average […]
Japanese steel major Nippon Steel is aiming to hit its 2050 goal of carbon neutrality by focusing on hydrogen-based direct reduced iron (DRI) to make a breakthrough in green steel production, the company said on Friday May 30.