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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.

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