The decision follows a consultation period that started on October 28 and ended on November 25. The price assessments in question are:MB-STS-0008 Stainless steel scrap 18/8 solids, import, cif main European port, € per tonneMB-STS-0009 Stainless steel scrap 18/8 turnings, import, cif main European port, € per tonneMB-STS-0261 Stainless steel scrap 316 solids, import, cif main European port, € per […]

Fastmarkets has launched DDP import steel price assessments for steel hot-rolled, cold-rolled and hot-dip galvanized coil in Northern Europe and in Southern Europe, effective Wednesday November 26, ahead of the launch of the EU’s Carbon Border Adjustment Mechanism (CBAM).

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The tonnage specifications will be updated to a minimum of 500 tonnes (previously 500-5,000 tonnes), recognizing that higher tonnages are often transacted in the physical market.  Fastmarkets also clarifies that these assessments do not include EU Carbon Border Adjustment Mechanism (CBAM) costs.  The new specifications are as follows with amendments in italic:  MB-STE-0047 – Steel hot-rolled coil import, […]

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Fastmarkets’ daily steel hot-rolled coil index, fob mill US Midwest, $/cwt for Thursday November 13 was published earlier than scheduled due to an error. Fastmarkets’ pricing database has been updated.