This consultation was done as part of our published annual methodology review process. Full details of the price covered by this consultation can be found here. No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation sought to ensure that our methodologies continue […]

The introduction of two new green longs prices will further enhance Fastmarkets’ global green steel coverage, providing a critical reference point for European steel producers and international suppliers aiming to sell green steel in Europe.  The Northen European market, particularly Nordic countries, are key consumers of green steel in Europe, hence the new premium and […]

These prices are scheduled for publication at 2-3pm London time, but were published at 4.24pm. Fastmarkets’ pricing database has been updated. The following prices were affected:MB-STE-0092 Steel reinforcing bar (rebar), domestic, cpt Poland, zloty per tonneMB-STE-0891 Steel wire rod (drawing quality), domestic, delivered Poland, zloty per tonne The prices are part of the Fastmarkets steel price package. […]

Fastmarkets has reduced the frequency of publication of its steel billet index export, fob Black Sea, CIS, due to lower market liquidity. The change follows a month-long consultation period with most feedback supporting the decision. The proposal was published on February 6 and the consultation ended on March 6. The new specifications are listed below, with the […]

The amendment would decrease publishing frequency to twice per week from daily, to reflect lower market liquidity following Russia’s invasion of Ukraine in 2022 and resulting in Western sanctions against Russia that led to lower export sales volumes from the country. This is also while the effect of the war has resulted in lower sales […]

Fastmarkets’ decision follows a one-month consultation to discontinue its China domestic wire rod price because of small transaction volumes and because it is not a major price benchmark or key reference. The consultation received no feedback. The affected price is:MB-STE-0164 Steel wire rod (mesh quality) domestic, ex-whs Eastern China, yuan/tonneFastmarkets will keep its weekly price […]

The publication of Fastmarkets’ index for steel reinforcing bar (rebar) export, fob China main port for Tuesday November 19 was delayed due to a reporter error. Fastmarkets’ pricing database has been updated.

Fastmarkets’ weekly price assessments for Polish long steel were published on Thursday October 31, one day ahead of schedule due to a public holiday in Poland on November 1.

Fastmarkets is launching a green long steel differential to its weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore, as well as a weekly inferred green steel base price for rebar cfr Singapore.

Fastmarkets is inviting feedback from the industry on the pricing methodology for its steel billet import, cfr Manila, $/tonne, assessment, as part of its announced annual methodology review process.