Correction to electrical steel, non-grain oriented, CFR India, on October 18: pricing notice

Fastmarkets has corrected its assessment of the MB-STE-0919 Electrical steel, non-grain oriented, CFR India, which was published incorrectly on Friday October 18.

The price was published in error as $760-770 per tonne. This has now been corrected to $660-670 per tonne.

Fastmarkets’ pricing database has been updated to reflect this change.

This price is part of the Fastmarkets‘ steel package.

For more information, or to provide feedback on this correction notice, or if you would like to provide price information by becoming a data submitter to this premium, please contact Suresh Nair by email at: pricing@fastmarkets.com. Please add the subject heading: “FAO: Suresh Nair, electrical steel, non-grain oriented, CFR India.”

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 the Fastmarkets methodology page.

What to read next
Fastmarkets has corrected its FP-PP-0002 polypropylene polymer, fiber grade, free delivered Europe, €/kg assessment, which was published incorrectly on July 1 due to a typo.
Fastmarkets has corrected its assessment for AG-CRN-0077 Corn FOB US PNW $/mt, published incorrectly on June 24 due to a procedural error.
Fastmarkets has launched a new iron ore blast-furnace (BF)-pellet quarterly contract premium and a monthly premium indicator for the European market, effective July 1, 2026.
Argentina’s steel industry is showing signs of recovery in 2026, but the rebound remains uneven, with stronger crude steel output contrasting with weak finished steel demand, depressed long steel consumption and renewed pressure from imports.
Fastmarkets proposes to narrow the optimized range for MB-IRO-0020 iron ore fines, % Si VIU, cfr Qingdao, $/dmt, effective from August 3.
North American EV demand is slowing with BEV adoption declining while hybrid vehicle sales gain momentum, prompting automakers to reset strategies amid policy shifts and trade pressures.