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Fastmarkets’ decision follows a three-month consultation to discontinue its Russian domestic steel prices due to a lack of transaction data and the consultation received no feedback.
The affected prices are:MB-STE-0064 Steel cold-rolled sheet domestic, cpt Moscow, Russia, rubles/tonne incl. VATMB-STE-0065 Steel hot-rolled sheet domestic, cpt Moscow, Russia, rubles/tonne incl. VATMB-STE-0066 Steel reinforcing bar (rebar) domestic, cpt Moscow, Russia, rubles/tonne incl. VATMB-STE-0514 Steel plate domestic, cpt Moscow, Russia, rubles/tonne incl. VAT
The consultation period for this price began on June 29 and ended on September 29, with changes effective on October 5.
All short-term forecasts associated with these prices produced by the Fastmarkets research team, if any, have also been discontinued.
If you have any comments on the discontinuation of this price, please contact Janie Davies by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: [Janie Davies], re: [Russian domestic 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.