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.

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