Consultation on Fastmarkets’ methodology for Taiwan steel scrap assessment and Turkey steel scrap indices

Fastmarkets is inviting feedback from the industry on its pricing methodology for its Taiwan steel scrap price assessment and its Turkey steel scrap price indices (US- and Europe-origin) as part of its annual methodology review process, in compliance with the International Organization of Securities Commissions (IOSCO) principles for price reporting agencies.

April 21, 2022

By Ross Yeo

This consultation, which will be open until May 23, 2022, seeks to ensure that our methodology continues to reflect the physical market under the price assessment for MB-STE-0464 steel scrap HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan; and under the price indices for MB-STE-0416 steel scrap HMS 1&2 (80:20 mix) North Europe origin, cfr Turkey and MB-STE-0417 steel scrap HMS 1&2 (80:20 mix) US origin, cfr Turkey. This includes all elements of our pricing process, our price specifications and publication frequency.

To provide feedback on the annual review of the price assessment for steel scrap HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan or if you would like to provide price information by becoming a data submitter to this price, please contact Paul Lim by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Paul Lim re: annual methodology review of Fastmarkets Taiwan Steel Scrap Assessment.’

To provide feedback on the annual review of the price indices for steel scrap HMS 1&2 (80:20 mix) North Europe origin and steel scrap HMS 1&2 (80:20 mix) US origin, cfr Turkey, or if you would like to provide price information by becoming a data submitter to this price, please contact Ross Yeo by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Ross Yeo re: annual methodology review of Fastmarkets Turkey Steel Scrap Indices.’

Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Fastmarkets will publish the outcome of this methodology review by May 27, including all feedback unless noted as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change would be for the industry.

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