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Fastmarkets’ decision follows a one-month consultation to discontinue its China domestic wire rod price because of small transaction volumes and because it is not a major price benchmark or key reference.
The consultation received no feedback.
The affected price is:MB-STE-0164 Steel wire rod (mesh quality) domestic, ex-whs Eastern China, yuan/tonneFastmarkets will keep its weekly price assessment for MB-STE-0148 steel wire rod (mesh quality) export, fob China main port, $/tonne, which is part of the steel package.
The consultation period for this price discontinuation began on Thursday December 12 and ended on Friday January 10, with changes taking place from Friday January 17.
All short-term forecasts associated with the price produced by the Fastmarkets research team, if any, will also be discontinued.
To provide feedback on the proposal to discontinue the inferred price assessment or if you would like to provide price information by becoming a data submitter, please contact Jessica Zong or Paul Lim by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Jessica Zong/Paul Lim, re: China 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 https://www.fastmarkets.com/methodology.