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This is to reflect the changing market situation in the region where Tangshan’s ex-works prices is growing in influence in the spot market.
The updated specifications are as follows:
Assessment: Steel hot-rolled coil domestic, exw Northern China, yuan/tonne Quality: Standard width 1,500mm, thickness 4.5-12mm, Q235B/SS400 Quantity: 20-200 tonnes Location: Ex-works Tangshan Timing: Spot Unit: yuan/tonne Payment terms: Prompt payment upon delivery Publication: Every Friday, 5pm Shanghai time Notes: Inclusive of 13% VAT
The amendment came into effect on December 10.
To provide feedback on the amendment or if you would like to provide price information by becoming a data submitter to the northern China HRC prices, please contact Paul Lim and Miranda Song by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Paul Lim/Miranda Song, re: northern China HRC price assessment.’
To see all Fastmarkets’ pricing methodology and specification documents, please go to www.fastmarkets.com/about-us/methodology.