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Based on feedback from market participants, Fastmarkets will now amend the tonnage specifications to a minimum of 500 tonnes from 500-5,000 tonnes previously, recognizing that higher tonnages are often transacted in the physical market.
Fastmarkets also clarifies that these assessments do not include EU Carbon Border Adjustment Mechanism (CBAM) costs.
No other changes have been made to the original proposal.
The original consultation can be found here.The change will be effective Wednesday December 31.
The updated specifications are as follows with amendments in italic:
MB-STE-0047 Steel hot-rolled coil import, cfr main port Southern Europe, €/tonne Quality: Width 1,200-1,300 mm, thickness 3-4 mm. Standard extras for dimensions excluded Quantity: Minimum 500 tonnes Location: CFR Southern Europe Timing: 8-12 weeks Unit: EUR/tonne Publication: Weekly. Wednesday, 2-3pm London time Notes: CBAM costs not included
MB-STE-0046 Steel hot-rolled coil import, cfr main port Northern Europe, €/tonne Quality: Width 1,200-1,300 mm, thickness 3-4 mm. Standard extras for dimensions excluded Quantity: Minimum 500 tonnes Location: CFR Northern Europe Timing: 8-12 weeks Unit: EUR/tonne Publication: Weekly. Wednesday, 2-3pm, London time Notes: CBAM costs not included
MB-STE-0044 Steel cold-rolled coil import, cfr main port Northern Europe, €/tonne Quality: Width 1,200-1,300 mm, thickness 1 mm. Standard extras for dimensions excluded Quantity: Minimum 500 tonnes Location: CFR Northern Europe Timing: 8-12 weeks Unit: EUR/tonne Publication: Weekly, Wednesday, 2-3pm, London time Notes: CBAM costs not included
MB-STE-0045 Steel cold-rolled coil import, cfr main port Southern Europe, €/tonne Quality: Width 1,200-1,300mm, thickness 1mm. Standard extras for dimensions excluded Quantity: Minimum 500 tonnes Location: CFR Southern Europe Timing: 8-12 weeks Unit: EUR/tonne Publication: Weekly. Wednesday 2-3pm London time Notes: CBAM costs not included
MB-STE-0091 Steel hot-dipped galvanized coil import, cfr main port Northern Europe, €/tonne Quality: Standard 1-2 mm thickness. Includes Z120 coating Quantity: Minimum 500 tonnes Location: CFR Northern Europe Timing: 8-12 weeks Unit: EUR/tonne Publication: Weekly, Wednesday, 2-3pm, London time Notes: CBAM costs not included
MB-STE-0048 Steel hot-dipped galvanized coil import, cfr main port Southern Europe, €/tonne Quality: Standard 1-2 mm thickness. Includes Z120 coating Quantity: Minimum 500 tonnesLocation: CFR Southern Europe Timing: 8-12 weeks Unit: EUR/tonne Publication: Weekly. Wednesday 2-3pm London time Notes: CBAM costs not included
These prices are a part of the Fastmarkets steel package.
To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to any of the prices, please contact pricing@fastmarkets.com and steel@fastmarkets.com. Please add the subject heading “re: European import flat steel 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.