Open consultation on annual methodology review for US pig iron import assessment

Fastmarkets is inviting feedback from the industry on the methodology for its pricing assessment for pig iron, import, cfr Gulf of Mexico, US, as part of its annual methodology review process.

March 30, 2026

This consultation, which is open until April 30, seeks to ensure that our methodologies continue to reflect the physical market, 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 price under review is:
MB-IRO-0004 pig iron import, cfr Gulf of Mexico, US

Please send responses by April 30 to pricing@fastmarkets.com and steel@fastmarkets.com. Please add the subject heading ‘US pig iron import assessment annual review, 2026.’

Please specify whether your response is confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

Fastmarkets will publish the outcome of this methodology review by May 7, including a summary of the feedback – with the exception of those responses marked as confidential. Any proposals to make material changes, discontinue or launch prices will involve a separate market consultation, the length of which will depend on how substantial the change is.

To see all Fastmarkets’ pricing methodology and specification documents, go to the Fastmarkets methodology page.