PRICING NOTICE: Correction to European stainless steel index

Fastmarkets has corrected its EU domestic Stainless Steel 304 Europe Raw Materials Index, which was published incorrectly on Monday October 22 due to a data entry error.

Fastmarkets’ European stainless steel index was incorrectly published as $1,547.12 per tonne after an exchange rate calculation error. The correct price for that date is $1,299.53 per tonne.

The Fastmarkets price book and database have been updated to reflect this change.

If you have any questions on this correction, or to provide feedback on this index, please contact Jethro Wookey by email to: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Jethro Wookey, re: EU stainless index’.

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

What to read next
Fastmarkets has corrected its MB-STE-0523 Steel scrap shredded auto scrap, consumer buying price, delivered mill, $/gross ton, weekly composite, which was published incorrectly since June 14.
Fastmarkets has corrected the rationale for its MB-CO-0020 cobalt hydroxide 30% Co min, cif China, $/lb price, which was published incorrectly on Friday July 26.
The publication of Fastmarkets’ manganese ore seaborne indices for Friday July 26 was delayed due to an error. Fastmarkets’ pricing database has been updated.
Fastmarkets proposes to amend the pricing frequency of its MB-STE-0889 steel scrap, index, heavy recycled steel materials, cfr east China, and MB-STE-0895 steel scrap, index, heavy recycled steel materials, cfr north China to once a month from the current weekly basis.
Fastmarkets will launch its new suite of US black mass payable indicators on Wednesday August 7, following a one-month consultation period.
The opening line of the rationale incorrectly listed the price range as $6.60-6.80 per lb. This has been corrected to $6.40-6.60 per lb. The published price is unaffected by this change. This price is part of the Fastmarkets minor metals package. For more information or to provide feedback on this correction notice or if you […]