With these two additional price assessments, Fastmarkets intends to supplement its current stainless steel offerings to further serve the white goods and automotive industries.
Ferritic or 400-series stainless steel products occupy a middle ground between the austenitic stainless grades and coated products such as hot-dipped galvanized and painted steel. With this launch, Fastmarkets intends to give appliance and automotive manufacturers a range of choices for crafting contracts and tracking relative price spreads.
The inaugural assessment will be published on Thursday April 10. The original consultation was launched on February 7 to gather market feedback.
The price specifications are as follows:
MB-STS-0330 Stainless steel 409 cold-rolled sheet, fob mill US, $ per cwt
Quality: Chromium 10.50-11.75%, Nickel max 0.5%, manganese 1.00%, silicon 1.00%, carbon max. 0.03%. 14-gauge (2mm) thick, 2B finish, 48-wide
Quantity: Minimum 10 tons
Location: FOB US mill
Unit: USD per hundredweight
Publication: Monthly, 10th or next business day
Notes: Raw materials surcharges included.
MB-STS-0331 Stainless steel 430 cold-rolled sheet, fob mill US, $ per cwt
Quality: Chromium 16.00-18.00, Nickel max 0.75%, manganese max 1.00%, silicon max 1.00%, carbon max. 0.12%. 14-gauge (2mm) thick, 2B finish, 48-wide
Quantity: Min 10 tons
Location: FOB US mill
Unit: USD per hundredweight
Publication: Monthly, 10th or next business day
Notes: Raw materials surcharges included.
These prices will be a part of the Fastmarkets physical steel package.
To provide feedback on these assessments, or if you would like to provide price information by becoming a data submitter to these stainless steel assessments, please contact Chris Kavanagh by email at pricing@fastmarkets.com. Please add the subject heading “FAO: Chris Kavanagh, re: 400 series stainless US.”
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.
