Amendment to Pakistan shredded steel scrap index publishing frequency

After a consultation period, Fastmarkets has amended the publishing frequency of the Pakistan shredded steel scrap import index from weekly to twice per week.

Effective Tuesday April 16, the index will be published on Tuesdays and Fridays. Previously it was published only on Fridays.

All other specifications of the index remain unchanged. The new specifications are as follows:

MB-STE-0887 Steel scrap shredded, index, import, cfr Port Qasim, Pakistan, $ per tonne
Quality: Shredded scrap, compliant to ISRI specifications 210-212.
Quantity: Minimum 500 tonnes
Location: cfr Port Qasim, Pakistan
Timing: Within six weeks
Unit: $ per tonne
Payment terms: Letter of credit
Publication: Twice-weekly, Tuesdays and Fridays at 4pm London time
Notes: Containerized, all origins.

This price is part of the Fastmarkets scrap package.

The consultation period took place from March 15 to April 12.

To provide feedback on this index or if you would like to provide price information by becoming a data submitter to this index, please contact Aameer Sayed by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Aameer Sayed re: Pakistan shredded steel scrap index.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

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

What to read next
The price was initially published as $60-70 per tonne and has since been corrected to $60-68 per tonne. Fastmarkets’ pricing database has been updated to reflect this change. The price rationale was correct. For more information or to provide feedback on this correction notice or if you would like to provide price information by becoming a data […]
Fastmarkets has launched this price in response to customer demand for freight rate information for Panamax vessels carrying corn and soybeans from the US to Japan. The price includes historical data starting from September 2022. FM-FRT-0032 Freight Pacific Northwest-JapanLocation: FOB, US Pacific Northwest to JapanTiming: Shipment the next calendar monthUnit: USD per tonnePublication: Weekly, Wednesday 1pm […]
Fastmarkets has launched this price in response to customer demand for freight rate information for Panamax vessels carrying corn and soybeans from the US Gulf to Japan. The price includes historical data starting from September 2022. FM-FRT-0031 Freight US Gulf-JapanLocation: FOB, US Gulf to JapanTiming: Shipment the next calendar monthUnit: USD per tonnePublication: Weekly, Wednesday 1pm […]
The change in publication time, which kicks in on Tuesday February 18, followed market feedback that the previous publication time was not optimal in its alignment with the operational hours of the Chinese market. The adjustment will enhance the relevance and efficiency of pricing through a better reflection of the activity within the local market. The new specifications […]
Fastmarkets will not publish any price assessments for US animal fats and oils, animal proteins, biomass-based diesel, hide and leather, grain and feed ingredients, organic/non-GMO and vegetable oils on Monday February 17.
Fastmarkets has amended the name of the price assessment for nickel ore 1.8% basis 15-20% Fe water content: 30-35% Si:Mg ratio<2 lot size 50,000 tonnes, cif China. The name of the price has been shortened to nickel ore with 1.8% nickel content, cif China to enhance its readability and alignment with other Fastmarkets nickel ore […]