Delayed publication of European hot-rolled coil prices on April 20: pricing notice

The publication of Fastmarkets' European hot-rolled coil indices for Thursday April 20 was delayed due to an error.

The publication of the affected prices was delayed for 39 minutes. Fastmarkets’ pricing database, MInD, has since been updated.

The following indices were published late:

MB-STE-0028 Steel hot-rolled coil index domestic, exw Northern Europe, €/tonne
MB-STE-0892 Steel hot-rolled coil index domestic, exw Italy, €/tonne

For more information or to provide feedback on the delayed publication of this price or if you would like to provide price information by becoming a data submitter to this price, please contact Julia Bolotova by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Julia Bolotova re hot-rolled coil indices”.

To see all Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

What to read next
This strategic launch is designed to better delineate the relationship between these two competing steelmaking materials. The differentials offer the market a single reference price denoting the spread between Turkey import billet and No1 and No2 heavy melting scrap (80:20) and between Turkey import billet and shredded scrap exported from the US East Coast respectively. […]
Information came to light that mill buying offers had been adjusted for July following Fastmarkets’ settlement of these prices on that date, leading to an incorrect published assessment for the following grades: MB-STE-0789 Steel scrap No1 heavy melting, consumer buying price, fob Montreal, Canadian $/net ton was previously published at C$245 ($179.41) per net ton, a C$10 […]
This price is a part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact customer.success@fastmarkets.com.
Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our July survey.
The prices are: The changes were made in order to ensure that the liquidity and price volatility in these markets is adequately captured. The changes were welcomed by market participants seeking more granular coverage and increased transparency. In the UK, the decline of domestic steelmaking means the scrap market is dominated by exports. Exporters told Fastmarkets that […]
The rationale for MB-STE-0783 steel scrap, HMS 1&2 (80:20), cfr Vietnam, had wrongly said that offers of containerized scrap were heard at $285 per tonne. This has been corrected to show that such assessments were heard at $285 per tonne. The published price is unaffected by this change. This price is part of the Fastmarkets […]