Get started

Launch of Asia HBI price

Fastmarkets launches its cfr Asia hot-briquetted iron (HBI) price on Thursday June 1, with the first price published on Friday June 9.

May 3, 2023
Pricing notice Steel raw materials

After an extended consultation period, Fastmarkets will launch the Asia hot-briquetted iron (HBI) price, cfr Southeast Asia.

HBI is a direct-charge metallic, which is used to reduce emissions in blast furnace-based converters. It can also be used in electric-arc furnaces.

Fastmarkets has expanded the geographical coverage of the Asia HBI prices after market feedback indicated there might be insufficient liquidity and spot trades in Asia.

Specification
Quality: 88-94% Fe, 90-140mm x 48-58mm x 32-34mm
Quantity: 10,000-30,000 tonnes
Location: CFR Southeast Asian ports
Timing: 0-8 weeks
Unit: USD/tonne
Payment terms: Letter of credit
Publication: Second and fourth Friday of each month, by 6pm Singapore time.

To provide feedback on the proposed Southeast Asia HBI price or if you would like to provide price information by becoming a data submitter to this price, please contact Paul Lim by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Paul Lim, re: Southeast Asia HBI price.”

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

What to read next
Incorrect publication of arsenic, rhenium and hafnium prices
The publication of Fastmarkets’ MB-AS-0001 Arsenic 99% min As, in-whs Rotterdam, $/lb, MB-RE-0001 Rhenium APR catalytic grade, in-whs dup Rotterdam, $/kg Re, MB-RE-0002 Rhenium metal pellets 99.9% Re min, in-whs dup, Rotterdam $/lb and MB-HF-0001 Hafnium, max 1% Zr, in-whs global locations, $/kg assessments was incorrectly published because of a reporter error.
July 3, 2026
 · 
By Fastmarkets pricing team
Fastmarkets proposes changing tube, pipe assessments to fixed calculations
Fastmarkets is proposing to change the price formation process of 26 global tube and pipe prices to calculations from assessments, effective September 9, 2026.
July 3, 2026
 · 
By Fastmarkets pricing team
Handrail, Car, Transportation
61% Fe iron ore remains anchor for pricing amid benchmark transition, distinct market forces: Iron Ore Decoded 2026
The transition of the iron ore market to a 61% Fe pricing benchmark is reshaping trading dynamics and leading participants across the value chain to reassess grade preferences, emerging demand centers and the growing importance of product quality in a decarbonizing steel sector, according to panelists speaking at the panel discussion “The benchmark transition ​and its implication from different voices​” at Iron Ore Decoded 2026, a conference co-organized by Fastmarkets and Horizon Insights.​
July 2, 2026
 · 
By Adele Pan
Pricing Notice
Delayed publication of lithium spot CIF CJK daily assessments
The publication of Fastmarkets' spot CIF CJK assessments for lithium carbonate min 99.5% Li2CO3 min, battery grade; lithium hydroxide monohydrate LiOH.H2O 56.5% LiOH min, battery grade; and battery grade lithium hydroxide monohydrate, midpoint transitional spread for Thursday July 2 was delayed because of reporter error. Fastmarkets' pricing database has been updated.
July 2, 2026
 · 
By Fastmarkets pricing team
Mining, Road, Outdoors
Simandou supply growth reshapes outlook for freight, premiums, decarbonization: Iron Ore Decoded 2026
Iron ore market participants said Simandou’s production ramp-up remains on track to meet market expectations, with growing exports from Guinea expected to influence freight markets, high-grade ore pricing and steel decarbonization strategies.
July 2, 2026
 · 
By Adele Pan
Correction to polypropylene polymer, delivered Europe
Fastmarkets has corrected its FP-PP-0002 polypropylene polymer, fiber grade, free delivered Europe, €/kg assessment, which was published incorrectly on July 1 due to a typo.
July 1, 2026
 · 
By Fastmarkets pricing team