PRICING NOTICE: Consultation on Fastmarkets’ methodology for Taiwan steel scrap price assessment

Fastmarkets is inviting feedback from the industry on its pricing methodology for its Taiwan steel scrap price assessment as part of its annual methodology review process, in compliance with the International Organization of Securities Commissions (Iosco) principles for price reporting agencies.

This consultation, which will be open until July 24, 2020, seeks to ensure that our methodology continues to reflect the physical market under the price assessment for MB-STE-0464 steel scrap HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan. This includes all elements of our pricing process, our price specifications and publication frequency.

To provide feedback on the annual review of the price assessment for steel scrap HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan, or if you would like to provide price information by becoming a data submitter to this price, please contact Paul Lim by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Paul Lim re: annual methodology review of Fastmarkets Taiwan Steel Scrap Index.’

Please specify whether your response is confidential. Opinions offered in confidential responses may be referenced but will not be attributed in any way.

Fastmarkets will publish the outcome of this methodology review by July 27, including all feedback unless noted 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 would be for the industry.

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

What to read next
The attack by the Russian army on a hydroelectric power plant in Nova Kakhovka in southern Ukraine on Tuesday June 6 has affected steelmaking operations at Kryvyi Rih, where ArcelorMittal’s Ukrainian steel mill and Metinvest’s mining and processing plants (GOKs) are located, sources have told Fastmarkets
Fastmarkets will launches its price assessment for ferro-chrome low carbon, 0.10% C, basis 60-64.9% Cr, CIF Europe, on Tuesday June 6.
Find out how Mitsui and Kobe Steel seek to reinforce their position in direct-reduced iron (DRI) production in the Middle East with the construction of a low-CO2 iron metallics production plant.
Fastmarkets proposes to launch published netback rates for both purity and incoterm differentials for its aluminium P1020A Rotterdam premiums.
Fastmarkets proposes to amend the publishing frequency of its three calcined alumina prices from monthly to quarterly.
Fastmarkets invited feedback from the industry on the pricing methodology for cobalt hydroxide, min 30% Co, inferred, China, $lb, via an open consultation process between May 4 and June 1, 2023. This consultation was done as part of our published annual methodology review process.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed