Get started

Amendment to US HRC index methodology

Fastmarkets is changing the way it calculates its daily hot-rolled coil index, fob mill US, to align its methodology with other Fastmarkets indices.

October 19, 2022
By Grace Asenov
Flat products Pricing notice

Effective Monday October 31, the US HRC index will employ a two sub-index approach, categorizing and weighing inputs simply as sellers and buyers.

This marks the end of the 90-day consultation period that began on Thursday July 21.

Fastmarkets does not expect this change to materially affect the daily published price, based on internal analysis.

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 Grace Asenov by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Grace Asenov, re: US HRC index.”

To see all of Fastmarkets’ pricing methodology and specification documents, go to
https://www.fastmarkets.com/about-us/methodology.

What to read next
End of open consultation on methodology for ferro-chrome 50% Cr import, cif main Chinese ports and European high carbon ferro-chrome price assessments
Fastmarkets invited feedback from the industry on the methodology of its price assessments for ferro-chrome 50% Cr import, cif main Chinese ports, and European high carbon ferro-chrome, as part of its annual methodology review process.
May 5, 2026
 · 
By Fastmarkets pricing team
End of open consultation on methodology for ferro-tungsten basis 75% W, in-whs dup Rotterdam and tungsten APT 88.5% WO3 min cif Rotterdam and Baltimore duty-free price assessments
Fastmarkets invited feedback from the industry on the methodology of its price assessments for ferro-tungsten basis 75% W, in-whs dup Rotterdam, and tungsten APT 88.5% WO3 min cif Rotterdam and Baltimore duty-free, as part of its annual methodology review process.
May 5, 2026
 · 
By Fastmarkets pricing team
End of open consultation on methodology for ferro-molybdenum in-whs Rotterdam; molybdic oxide in-whs Rotterdam, Busan
Fastmarkets invited feedback from the industry on the methodology of its price assessments for ferro-molybdenum 65% Mo min, in-whs Rotterdam, $ per kg Mo; molybdenum drummed molybdic oxide 57% Mo min, in-whs Rotterdam, $ per lb Mo; and molybdenum MB drummed molybdic oxide Mo, in-whs Busan, $ per lb, as part of its annual methodology review process.
May 5, 2026
 · 
By Fastmarkets pricing team
Open consultation on annual methodology review for Asia recovered paper, Asia packaging paper and board: pricing notice
This consultation, which is open until June 2, 2026, seeks to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. You can […]
May 5, 2026
 · 
By Shawn Wang
Launch of high-grade iron ore VIU indices for silica, alumina content, cfr Qingdao: pricing notice
The new indices have been introduced in response to feedback from index users requesting more pricing references for high-grade iron ore fines and their related VIU adjustments in the seaborne market, in addition to Fastmarkets’ existing coverage on mid-grade VIUs. The VIU penalties are calculated through a regression analysis that harnesses data points from Fastmarkets’ […]
May 4, 2026
 · 
By Norman Fong
Delayed publication of copper concentrates indices, coefficients
The publication of several Fastmarkets copper concentrates indices and coefficients was delayed by 18 minutes on Friday May 1 due to a procedural error.
May 1, 2026
 · 
By Fastmarkets pricing team