Clarification of methodology for South Europe export steel wire rod assessment

Fastmarkets wishes to clarify details around the following aspects of the pricing methodology for MB-STE-0074 steel wire rod export, fob main port Southern Europe.

Fastmarkets’ Southern European export steel wire rod assessment has reflected since launch, and continues to reflect, material exported from Italy, Spain and Portugal. The Southern European export steel wire rod assessment does not reflect Greek-origin exports.

The pricing methodology has been updated as follows to clarify the export locations (changes in italics):

MB-STE-0074 Steel wire rod export, fob main port Southern Europe, €/tonne
Quality: BS 4449: 2005 grade B500A, standard diameter 5.5mm
Quantity: 500-5,000 tonnes
Location: fob Southern Europe (Italy, Spain, Portugal)
Timing: 4-8 weeks
Unit: EUR/tonne
Publication: Weekly. Wednesday, by 2-3pm London time

The specifications are otherwise unchanged.

You can find the updated methodology for Southern Europe export steel wire rod here: https://www.fastmarkets.com/methodology.

To provide feedback on this clarification for the Southern Europe export steel wire rod/assessment methodology please contact India-Ines Levy by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: India-Ines Levy, re: Southern Europe export steel wire rod/assessment”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

What to read next
The publication of Fastmarkets’ molybdenum drummed molybdic oxide – in-whs Busan, MB-FEO-0004, and in-whs Rotterdam, MB-FEO-0003 – and ferro-molybdenum 65% Mo min, in-whs Rotterdam, MB-FEO-0001, price assessments were delayed because of slow data processing on Friday May 23. Fastmarkets’ pricing database has been updated. The publication of these prices was delayed for 12 minutes. The […]
Fastmarkets invited feedback from the industry on the pricing methodology for PIX Packaging Europe price indices via an open consultation process between April 24 and May 22, 2025. This consultation was done as part of our published annual methodology review process.
No feedback was received during the consultation period and therefore no changes will be made to the methodology at this stage. This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes […]
This consultation, which is open until June 25, 2025, seeks to ensure that our methodologies continue to reflect the non-indexed physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. You can find […]
This price assessment aims to enhance transparency in the Indonesian coke market. Fastmarkets has observed a significant volume of Indonesian coke entering the global market in recent months, establishing Indonesia as a key exporter of coke worldwide since 2023. In the first seven months of 2024, Poland, China and Indonesia were the top three coke exporters globally.  […]
The following prices were affected: CB-CC-0001 REDD+, Latin America, $ per tCO2e CB-CC-0002 REDD+ v19 differential, Latin America, $ per tCO2e CB-CC-0003 REDD+ v20 differential, Latin America, $ per tCO2e CB-CC-0004 REDD+ v21 differential, Latin America, $ per tCO2e CB-CC-0005 REDD+, Sub-Saharan Africa, $ per tCO2e CB-CC-0006 REDD+ v19 differential, Sub-Saharan Africa, $ per tCO2e […]