Correction to Fastmarkets’ US daily hot-rolled coil index

Fastmarkets has corrected its daily hot-rolled coil index, fob mill US, which was published incorrectly on Wednesday October 19 and on Thursday October 6, due to an error.

Fastmarkets’ daily steel hot-rolled coil index, fob mill US was incorrectly published as $35.95 per hundredweight on October 19, and has been corrected to $36.45 per cwt. The US HRC index was incorrectly published as $36.57 per cwt on October 6, and has been corrected to $37.03 per cwt.

Fastmarkets’ database has been updated to reflect these changes.

For more information, or to provide feedback on this correction notice, please contact Rijuta Dey Bera by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Rijuta Dey Bera, re: daily hot-rolled coil index, fob mill US.”

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

What to read next
An incorrect EUR/USD exchange rate, used to convert the cost of inputs priced in euros to US dollars, caused the prices to be calculated incorrectly. This has now been rectified. The following prices were affected: AG-SAF-0004 Sustainable aviation fuel (SAF max), base cost, exw Netherlands, $/tonnePublished incorrectly as: $2,995 per tonneCorrected to: $1,996 per tonne […]
The United States convened more than 50 countries in Washington this week for a critical minerals summit that delivered a flurry of new initiatives designed to reshape the geopolitics — and pricing mechanics — of minerals essential to semiconductors, electric vehicles and the defense supply chain.
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Fastmarkets has corrected its MB-GD-0001 Gadolinium oxide 99.99%-99.999% fob China, $/kg price, which was published incorrectly.
The US laid out its strongest push yet to reshape global critical minerals supply chains at the inaugural Critical Mineral Ministerial in Washington on Wednesday February 4, where senior officials detailed plans for an allied trade bloc built on reference prices and enforceable price floors – a potential turning point for small, strategically important markets such as tungsten.
A new US initiative to establish a stockpile of critical minerals for the civilian economy could add pressure to already stretched supply, market participants told Fastmarkets on Tuesday February 3 and Wednesday February 4.