Correction to price assessment of steel hot-rolled coil (commodity) export, fob main port India

Fastmarkets has corrected its price assessment for steel hot-rolled coil (commodity) export, fob main port India, which was published incorrectly on February 10 due to an error.

Fastmarkets’ price assessment for MB-STE-0442 steel hot-rolled coil (commodity) export, fob main port India on February 10 has been corrected following a reporting error to $700-760 per tonne FOB from the erroneously reported figure of $670-760 FOB.

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

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 price, please contact Suresh Nair/Paul Lim by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Suresh Nair/Paul Lim: HRC fob India assessment.’

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

What to read next
Fastmarkets has corrected its MB-STS-0259 stainless steel scrap 316 solids domestic, delivered merchants UK, £/tonne price assessment, which was published incorrectly on Friday June 14.
Fastmarkets will not publish any price assessments for corn, soybean, Americas vegoils and meals, or US wheat, on Wednesday June 19.
Fastmarkets proposes to amend the name of the MB-AL-0231 Aluminium P1020A all-in price, delivered Midwest US, US cents/lb to clarify that the price is based on the London Metal Exchange cash aluminium price.
The publication of Fastmarkets’ Vietnamese steel scrap import assessments for Friday June 14 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
In the open consultation, Fastmarkets FOEX did not propose any changes, and there was no feedback received during the process. No material changes were made to the current methodology. A newly dated methodology document has been posted here.
The publication of Fastmarkets’ aluminium scrap and secondary aluminium ingot price assessments for Wednesday June 12 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.