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 […]

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 […]