Final decision on open consultation on methodology review for US CRC, HDG, plate

The price assessments concerned were:

MB-STE-0185 steel cold-rolled coil, fob mill US, $ per cwt

https://dashboard.fastmarkets.com/p/MB-STE-0185

MB-STE-0186 steel hot-dipped galvanized coil (cold-rolled base), fob mill US, $ per cwt

https://dashboard.fastmarkets.com/p/MB-STE-0186

MB-STE-0172 steel cut-to-length plate carbon grade, fob mill US, $ per cwt

https://dashboard.fastmarkets.com/p/MB-STE-0172

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

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

This consultation sought to ensure that our methodologies continue to reflect the physical markets 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.

The current methodology for the above prices can be found here.

Metals: Steel

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