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.

After consultation, Fastmarkets has launched this weekly price assessment. Turkish hot-rolled coil producers already have capacity installed for slab production, but numerous mills can also produce billet and their end product includes long steel as well. As a result, the installed capacity is not always sufficient to produce slab to be used for HRC production […]

After a month-long consultation, Fastmarkets has amended the specification of its weekly steel slab, import, cif Italy, price assessment. To better reflect the material traded in the market, Fastmarkets has reduced the range of specified widths to 1,500-2,500 mm from 1,000-2,500 mm. The publication day of the assessment has also been changed from Friday to […]

After a month-long consultation period, Fastmarkets has amended the publication day of its weekly European steel domestic plate and import plate assessments from Wednesday to Thursday, to better align with related markets. The amended specifications are listed below (changes in italics): MB-STE-0034 Steel domestic plate 8-40mm, exw Northern Europe, €/tonneQuality: S235JR, width 2,500mm, length 12,000mm, thickness 8-40mm […]