Fastmarkets has amended the specifications for its CFR Europe flat steel import price assessments to better reflect the most typical sizes of spot market transactions. Following the consultation, which ended on Wednesday December 24, Fastmarkets amended the specifications for its CFR Europe flat steel import price assessments on Wednesday December 31. Based on feedback from market […]

Fastmarkets’ pricing database has been updated. The following prices were published with a delay of 1 day: MB-STE-0105 Steel hot-rolled coil import, cfr main port Turkey, $/tonne MB-STE-0106 Steel cold-rolled coil import, cfr main port Turkey, $/tonneMB-STE-0107 Steel hot-rolled coil export, fob main port Turkey, $/tonneMB-STE-0108 Steel hot-rolled coil domestic, exw Turkey, $/tonneMB-STE-0109 Steel cold-rolled coil domestic, exw Turkey, $/tonneMB-STE-0110 Steel hot-dipped […]

Fastmarkets is clarifying the holiday pricing calendar for its price assessments for Turkey flat steel and slab.

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, […]

The discontinuations of the Indian domestic steel rebar and steel billet price assessments are because feedback from the market confirms that the majority of quality long steel in India is produced via the blast furnace route, so the current assessments – which are for domestic rebar and billet produced through the induction furnace route – […]

The publication of Fastmarkets’ flat steel reduced carbon emissions, daily inferred, exw China, yuan/tonne assessment for Friday October 10 was delayed because of a procedural lapse. Fastmarkets’ pricing database has been updated.

The publication of Fastmarkets’ steel slab import, cfr Southeast Asia/East Asia, assessment for Monday October 6 was delayed because of a reporter error. Fastmarkets’ pricing database has been updated. The following assessment was published late: MB-STE-0140, steel slab import, cfr Southeast Asia/East Asia, $/tonne [LINK] This price are a part of the Fastmarkets steel package. […]

The publication of Fastmarkets’ MB-STE-0923 Flat steel reduced carbon emissions, daily inferred, exw China, yuan/tonne assessment for September 11 was delayed because of a procedural lapse. Fastmarkets’ pricing database has been updated. The publication of the affected price was delayed for around three hours. The following price was published late: MB-STE-0923 Flat steel reduced carbon emissions, […]

Fastmarkets has corrected the rationale for its MB-STE-0184 steel hot-rolled coil index, fob mill US Midwest, which was published incorrectly on Tuesday September 2 due to the inclusion of an incorrect date. The rationale for MB-STE-0184 steel hot-rolled coil index, fob mill US Midwest, had erroneously stated that the index was calculated at $41.50 per cwt on […]

The publication of two inferred prices for Monday August 25 were delayed because of procedural errors.