Early publication of US hot-rolled coil index

Fastmarkets published its daily steel hot-rolled coil index earlier than scheduled on Tuesday June 14 due to a reviewer error.

According to Fastmarkets’ methodology, the data collection window for this price normally closes at 4pm New York time, with the price published no earlier than 4pm and no later than 5pm.

The specifications for the affected price are as follows:

MB-STE-0184 Steel hot-rolled coil index, fob mill US, $/cwt
Quality: ASTM A1011 Commercial Steel and corresponding grades. 0.09 inch-0.38 inch thick x 48-72 inches wide
Quantity: Min 50 tons
Location: fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau
Unit: USD per hundredweight
Publication: Daily by 5pm New York time
Notes: Standard packaging, raw materials surcharges included. Payment terms are typical commercial practice in the HRC market. Transactions that are conducted on different payment or credit terms will be adjusted back to the base specifications, taking into account discounts and standard commercial terms.

To provide feedback on the early publication of this price, or if you would like to provide price information by becoming a data submitter to the daily hot-rolled coil index, please contact Robert England by email at pricing@fastmarkets.com. Please add the subject heading: FAO: Robert England re: Fastmarkets’ hot-rolled coil index.

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

What to read next
The publication of Fastmarkets’ assessments for nickel 4x4 cathode, nickel briquette and nickel uncut cathode premiums in-whs Rotterdam was delayed on Tuesday July 16 because of a reporter error.
Fastmarkets has corrected its alumina index inferred prices, which were published incorrectly on Tuesday July 15.
After an initial one-and-a-half-month consultation, followed by a further three-month consultation period on the proposed inclusion of a powder brand, and following market feedback and data analysis, Fastmarkets has determined that current market circumstances do not make the proposed amendment to the cobalt standard grade, in-whs Rotterdam, daily price assessment viable. This decision is not a judgement on the […]
Fastmarkets launched two new price assessments for Indonesia’s domestic trade in nickel ore on Tuesday July 15. The two price assessments are for domestic trades of Indonesian laterite ores with 1.6% and 1.2% nickel content. Indonesia now accounts for 60% of the global nickel supplies and while there is an official government reference price, known […]
Nickel pig iron (NPI) is a key feedstock material used for stainless steel production, and the CIF has grown to become one of the mainstream trading methods for the Chinese market. The proposed price assessment will allow Fastmarkets to bring more transparency to the Chinese NPI market. Fastmarkets has been tracking spot and DDP China […]
The proposal follows preliminary discussions with the market and internal analysis of price usage, which suggests low market liquidity and a lack of demand. Specifically, Fastmarkets is proposing to discontinue: MB-CU-0410 Copper rod premium, ddp Midwest US, US cents/lbQuality: Purity of 99.95-99.99%. Thicknesses of 8 millimeters or 0.3125 inchesQuantity: Min 25,000 poundsLocation: Delivered US MidwestUnit: US […]