Correction to European steel plate import prices on February 19

Fastmarkets has corrected its assessment for MB-STE-0049 steel plate (8-40mm) import, cfr main port Northern Europe, €/tonne, and MB-STE-0050 steel plate (8-40mm) import, cfr main port Southern Europe, €/tonne published on February 19.

The higher end of the MB-STE-0049 steel plate (8-40mm) import, cfr main port Northern Europe assessment was incorrectly published at €720 per tonne due to a currency conversion error.

The correct assessment range should be €609-650 per tonne. The price point originally reported as $720 per tonne has been converted into euros and incorporated at the lower end of the range, while the previous week’s upper value has been reinstated as the high end.

The MB-STE-0050 steel plate (8-40mm) import, cfr main port Southern Europe, €/tonne assessment published on Thursday February 19 was incorrectly reported at €650-765 per tonne due to a currency conversion error.

The upper value was based on a price point at $765 per tonne, which should have been converted to €647 per tonne. Following correction, the assessment range should read €647-650 per tonne.

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

This price is part of the Fastmarkets steel physical price 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 these prices, please contact pricing@fastmarkets.com and steel@fastmarkets.com. Please add the subject heading “re: Steel EU plate import prices.”

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 launched three weekly wheat freight rate assessments — Ukraine-Egypt, CVB-Egypt and Russia-Saudi Arabia — and has clarified that its existing Black Sea-North Africa freight assessment refers to the Russia-Egypt route and its Black Sea-Persian Gulf assessment refers to the Russia-Iran route. The Russia-Egypt assessment will also transition from Supramax to Handy-sized vessels. All changes are effective Wednesday May 20, 2026.
Egypt is the world’s largest wheat importer, with consumption surpassing 20 million tonnes per year and a persistent structural import gap of approximately 10-13 million tpy despite initiatives to boost domestic production. Egypt also serves as a principal market for Black Sea suppliers, including Russia, Ukraine, Romania and Bulgaria. Until 2025, there was an established […]
South Korea has stepped up its efforts to support its steel sector, amid escalating tensions in the Middle East and tariff pressures elsewhere, by including the sector in a $54 billion support package for key industries in the country, Fastmarkets understands.
Fastmarkets changed the timestamp for its daily used cooking oil flexi-tank, fob China and used cooking oil, bulk, fob China price assessments from 4:30pm London time to 4:30pm Singapore time effective Wednesday May 20, 2026, as a result of an open consultation.
The proposal follows Fastmarkets’ observations that the commodity sees inactive spot liquidity and low volatility in prices. The proposed new specifications for the prices are as follows, with the amendments in italics: MB-NI-0246 Nickel sulfate, cif Japan and Korea, $/tonneQuality: Accepted by buyer for use in battery applications with chemical composition: Ni content, base 22.3% […]
Fastmarkets’ daily steel hot-rolled coil index, fob mill US Midwest for Tuesday May 19 was published earlier than scheduled due to an error. Fastmarkets’ pricing database has been updated.