Fastmarkets is inviting feedback from the industry on the pricing methodologies for its Midwest ferrous scrap indices as part of its annual methodology review process in compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.

Fastmarkets is inviting feedback from the industry on the pricing methodologies for the following assessments: steel cold-rolled coil, fob mill US; steel hot-dipped galvanized coil (cold-rolled base), fob mill US; and steel cut-to-length plate carbon grade, fob mill US.

Fastmarkets is proposing to launch a steel slab import, cif Italy price assessment to reflect the change in trade flows that have followed the disruption in traditional supply from the Black Sea.

Fastmarkets proposes to amend the publication time of its inferred China cobalt hydroxide price assessment from 3:00 pm London time to 3:30 pm.

Fastmarkets proposes to amend the frequency of its China import steel scrap indices to weekly from twice a week currently.

Fastmarkets proposes to discontinue its biweekly imported steel plate price assessment due to market illiquidity.

After a one month consultation, Fastmarkets confirms that, from 2023, it will no longer roll over its price assessments for minor metals, ores, alloys or industrial minerals when these are scheduled to be made on days that fall on public holidays in the country in which the price is assessed, or in which a price is based.

Fastmarkets today launches a prevailing contract price assessment for spodumene min 6% Li2O on a cif China basis.

The Fastmarkets LME Nickel March Average has been skewed by the suspension of the market followed by the disrupted Officials published for the 8-21st March and the 23rd March. Please see the LME Notice 22/064 Nickel Market Update Resumption of Trading, paragraph 24 in regard to Averages methodology in the event of a disrupted Official. […]

The publication of Fastmarkets’ twice-weekly index for India shredded steel scrap imports was delayed on Tuesday March 22 because of an internal error.