Open consultation on Fastmarkets’ methodology for US import pig iron price assessment - final decision

Fastmarkets invited feedback from the industry on its pricing methodology for its US import pig iron price assessment as part of its announced annual methodology review process.

The consultation ran from April 22 to May 23, 2022, and sought to ensure that our methodologies continue to reflect the physical market under the price assessment for MB-IRO-0004 pig iron import, cfr Gulf of Mexico, US 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.

No feedback was received as a result of the consultation and no material changes will be made.

The methodology will now be put through the IOSCO audit process.

You can find the current methodology for ferrous metals here.

Fastmarkets invites feedback on a continual basis throughout the year. To provide feedback on the price assessment for pig iron import, cfr Gulf of Mexico, US or if you would like to provide price information by becoming a data submitter to this price, please contact Ross Yeo by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Ross Yeo re: US import pig iron.’

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

What to read next
The Inflation Reduction Act in the United States may ironically cause global metal market prices to rise for some metals used in electric vehicles (EVs), Fastmarkets sources said
An alarming drop in water levels in Germany’s Rhine River and other key waterways in Europe has led to massively strained logistics in shipping commodities across Europe, driving up costs and exacerbating material supply, sources told Fastmarkets
Fastmarkets is proposing a realignment of its dealer selling price for ferrous scrap machine shop turnings in Houston, effective from the September 2022 monthly settlement.
Fastmarkets is proposing a realignment of its dealer selling price for ferrous scrap machine shop turnings in St Louis, effective from the September 2022 monthly settlement.
Fastmarkets is proposing a realignment of its consumer buying prices for No1 bundles and No1 busheling scrap in Alabama, effective from the September 2022 monthly settlement.
Fastmarkets has corrected its consumer buying price for cut structural/plate 3’max, delivered mill Philadelphia, following an input error during the monthly domestic ferrous scrap trade in May.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed