Launch of Fastmarkets’ Mexican steel HRC index, rebar price assessment, delivered Monterrey

The first publication of the Monterrey HRC and rebar assessments is scheduled for Thursday June 26. The price assessments will be published weekly, every Thursday, 2-3pm (Eastern Time).

The specifications are as follows:

MB-STE-0934 Steel hot-rolled coil index, delivered Monterrey, Mexico, peso per tonne
Quality: SAE 1006-1008 commercial steel and corresponding grades, 48 inches wide, caliber 8-14
Quantity: Min 50 tonnes
Location: Mexico, Monterrey region, delivered price
Timing: 4-8 weeks
Unit: Mexican peso per tonne
Publication: weekly, Thursday, 2-3pm ET
Notes: Standard packaging, raw materials surcharges included. Payment terms are typical commercial practice in the HRC market. Transactions that are conducted on different payment or credit terms will be adjusted back to the base specifications, taking into account discounts and standard commercial terms.

MB-STE-0933 Steel reinforcing bar (rebar), delivered Monterrey, Mexico, peso per tonne
Quality: Grade 42, diameter: 9.5-15.9mm, length: 12,000mm, NMX-B-506 and equivalent
Quantity: Min 50 tonnes
Location: Mexico, Monterrey region, delivered price
Unit: Mexican peso per tonne
Publication: weekly, Thursday, 2-3pm ET
Notes: Raw materials surcharges included.

These prices will be part of the Fastmarkets steel package.

Fastmarkets’ index methodology screens outliers and applies a quantity-weighted model to ensure that the steel hot-rolled coil index, delivered Monterrey, is the most robust in the industry. Fastmarkets has no financial interest in the level or direction of the index.

To provide feedback on these price assessments, or if you would like to provide price information by becoming a data submitter to these prices, please contact Gabriela Brumatti, Ana Anis and Rachel McGuire by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Gabriela Brumatti, Ana Enis and Rachel McGuire re: Mexican HRC and rebar.”

Please indicate if comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

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