Final decision on open consultation on methodology for Northern Europe, US HRC indices

Fastmarkets invited feedback from the industry on the pricing methodology for its steel hot-rolled coil index, domestic, exw Northern Europe, € per tonne (MB-STE-0028) and steel hot-rolled coil index, fob mill US Midwest, $ per cwt (MB-STE-0184), via an open consultation process between March 26 and April 29, 2024.

This consultation was done as part of our published annual methodology review process.

No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.

This notice of the decision was delayed past its original May 1 schedule.

This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

You can find the current methodology for the Northern Europe HRC index here:
https://www.fastmarkets.com/methodology/metals/european-hrc-indices

The methodology for the US HRC index can be found here:
https://www.fastmarkets.com/methodology/metals/us-hrc-index

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

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