Fastmarkets will change the frequency of certain Latin American steel export price assessments to monthly from weekly due to reduced liquidity observed in the market, effective Friday September 2.

The publication of Fastmarkets’ daily steel hot-rolled coil index, domestic, ex-works Northern Europe and daily steel hot-rolled coil index, domestic, exw Italy for Monday August 15 took place earlier than scheduled due to a reporter error.

Fastmarkets proposes to add a note to the specifications for the weekly all-in assessment price for steel hot-dipped galvanized coil to clarify the included zinc coating extras and publish a non-market adjustment to reflect this extra.

Prices for steel hollow sections in Northern and Southern Europe were flat in the week ended Wednesday July 27 amid minimal market activity

The Brazilian construction industry chamber, CBIC, has raised its forecast for the sector’s gross domestic product (GDP) in 2022 to a 3.5% increase, from the previous 2.5% guidance, due to federal programs and renovations expected for the second half of the year, it said on Monday July 25

A common theme emerged in July during the second-quarter earnings calls of major steel producers — many are highlighting their hedging strategies against deteriorating spot prices for hot-rolled coil

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

Fastmarkets proposes to discontinue its steel heavy plate, 8-50mm, export, fob Black Sea, CIS price assessment (MB-STE-0013) due to substantially reduced market activity.

The fall in import prices for finished steel products in the United States was not enough to attract many buyers due to logjams at domestic ports that have made it costly, time-consuming and risky to buy foreign steel, Fastmarkets has learned

Fastmarkets invited feedback from the industry on its pricing methodologies for its Northern Europe and United States hot-rolled coil (HRC) indices as part of its annual methodology review process.