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Two price points were missing from the rationale for MB-STE-0028 steel hot-rolled coil index domestic, exw Northern Europe, €/tonne on April 1.
A buyer source reported and offer at €720 per tonne EXW on April 1. The same buyer reported an offer at €750 per tonne EXW on the same day, but this offer was zero-tonnage because of lack of confirmed buying interest for such levels.
The published price was affected by this change.
The price was incorrectly published at €711.50 per tonne due to a reporter error. The correct assessment should be €713.08 per tonne.Additionally, as a result of an error, two daily inferred prices were also published incorrectly:
MB-STE-0905 green steel base price, HRC exw Northern Europe, daily inferred was incorrectly published at €811.5-881.5 per tonne. Correct price is €813.08- 883.08 per tonne.MB-STE-0912 flat steel reduced carbon emissions, daily inferred, exw Northern Europewas published incorrectly at €711.5-761.5 per tonne. Correct price is €713.08 – 763.08 per tonne.
Fastmarkets’ pricing database has been updated to reflect this change.
These prices are 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 these prices, please contact pricing@fastmarkets.com and steel@fastmarkets.com. Please add the subject heading “Re: HRC index Northern Europe.”
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.