Fastmarkets to roll over steel price assessments affected by Eid al-Adha

Fastmarkets will roll over its steel price assessments next week in countries that will observe the upcoming Eid al-Adha holiday.

Eid al-Adha is determined by lunar observations; this year it will begin on Saturday July 9 and end in the evening of Wednesday July 13. Some observing countries, such as Turkey, have announced extended holidays in advance.

Turkey will observe a public holiday beginning Friday July 8 and ending Friday July 15. As such, Fastmarkets’ suite of Turkey flat steel prices will be published on Thursday July 7 instead of July 8.

In countries that have not announced official public holidays for the whole week, steel market activity is nevertheless likely to be severely restricted, if not completely inactive.

For the week of July 11-15, all weekly Fastmarkets prices pertaining to Turkey, Saud Arabia, the United Arab Emirates, Egypt and Iran will be rolled over.

Fastmarkets’ monthly structural pipe export Turkey price assessment, which is usually published on the second Wednesday of each month, will instead be published on Monday July 18.

Fastmarket’s Turkey scrap indices will continue to be published.

For a full list of Fastmarkets’ steel prices and their usual publishing schedules, please see our methodology documents here: https://www.fastmarkets.com/methodology/metals

What to read next
Fastmarkets has corrected its MB-BMS-0015 Black mass, NCM/NCA, payable indicator, nickel, exw USA, % payable LME Nickel cash official price, which was published incorrectly on Wednesday, July 16.
Fastmarkets confirms its decision to discontinue its two domestic European stainless steel base price assessments.
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. […]
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 […]