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This consultation was done as part of our published annual methodology review process.
No feedback was received during the consultation period and therefore no changes will be made to the methodologies at this stage.
This notice of the decision was delayed past its original May 1 schedule.
This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, 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.
You can find the current methodology for the Northern Europe HRC index here.
The methodology for the US HRC index can be found here.
To see all Fastmarkets pricing methodology and specification documents, go to: https://www.fastmarkets.com/methodology.
(An earlier version of this notice incorrectly stated that the consultation ran from March 24 to April 24, 2024. It was also described in the headline as an open consultation not a final decision.)