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
Fastmarkets has launched MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonne on July 9 due to an expected increase in Indonesia-origin aluminium exports. MB-AL-0424 Aluminium P1020A premium, fob Indonesia, $/tonneQuality: P1020A or 99.7 % Minimum Al purity (Si 0.10% max, Fe 0.20% max) in line with LME specifications. Ingot, T-bar, sowQuantity: Min 500 tonnesLocation: FOB IndonesiaTiming: […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
Fastmarkets has corrected its daily AG-PLM-0012 refined bleached deodorised (RBD) palm olein, fob Indonesia price assessment, which was published incorrectly on July 7 due to an input error.
Fastmarkets has had a strong interest in the proposed new assessments and would like to gather additional information on the specification and grades that should assess.  Based on the feedback, the proposed specifications have been updated as follows:  Quality: Selected Nordic (Swedish, Finnish, Norwegian) export grades of both planed and rough sawn timber spruce (whitewood) […]
While Fastmarkets understands that the PIX sawn timber FAS Finland indices have not been widely adopted by the industry, we have received feedback that there is commercial use for the indices. Therefore, we propose to maintain them for the time being.  The following indices are affected:  The extended consultation period for this proposed discontinuation starts […]
To increase the transparency of our methodology, Fastmarkets clarifies that the quotation period of the MHP nickel payable indicator is the month of delivery, or the month M. Any data points Fastmarkets received otherwise will be normalized to the M month based on the monthly spreads of the prevailing exchange-traded Class-1 nickel reference price, or […]