Decision to discontinue north China rebar prices

Fastmarkets has decided to discontinue its weekly price assessment for steel reinforcing bar (rebar) domestic, ex-whs Northern China because the price is not a key price benchmark.

The decision was made following one-month consultation period, which received no feedback.

The affected price is as follows:
MB-STE-0162 Steel reinforcing bar (rebar) domestic, ex-whs Northern China, yuan/tonne

The consultation period for this price began on July 22 and ended on August 21, with changes effective on August 23.

All short-term forecasts associated with this price produced by the Fastmarkets research team, if any, have also been discontinued.

Fastmarkets will continue to publish the steel reinforcing bar (rebar) domestic, ex-whs Eastern China, yuan/tonne assessment, which is the price most accurately reflecting China’s rebar market.

If you have any comments on the discontinuation of this price, please contact Jessica Zong by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Jessica Zong, re: China rebar”.

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

What to read next
Fastmarkets proposes to amend the frequency of MB-AL-0052 aluminium 6063 extrusion billet premium, delivered Midwest US, US cents/lb.
Fastmarkets will launch an aluminium low-carbon P1020A all-in price, Chicago Mercantile Exchange-based, delivered Midwest US, US cents/lb on Monday September 23.
Fastmarkets will relist its assessment of the MB-CU-0042 Copper scrap light copper, dealer buying price, delivered to yard Toronto, Canadian cents/lb.
Chinese pulp prices of September 13, 2024, not appearing on foex.fi and risi.com We are investigating it and apologize for any inconvenience caused.
With Fastmarkets’ sister company UM Paper set to discontinue the price assessment for the coated ivory board product produced by Shandong Bohui Paper Industry in response to the changes in the Chinese market, we propose to exclude it from the calculation of the price for the product. The proposed exclusion may affect the price assessment […]
Fastmarkets has corrected its MB-ALU-0018 alumina index inferred, fob India, $/tonne; MB-ALU-0019 alumina index inferred, fob Indonesia, $/tonne; and MB-ALU-0020 alumina index inferred, fob Vietnam, $/tonne, which were published incorrectly from September 2 to September 9.