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 invited feedback from the industry on the pricing methodology for its MB-STE-0939 steel scrap HMS 1&2 index, domestic composite, delivered Saudi Arabia assessment, as part of its annual methodology review process.
Fastmarkets has corrected the MB-ALU-0002 Alumina index, fob Australia, $/tonne and its inferred prices, which were published incorrectly on Wednesday April 15 due to a data input error.
Fastmarkets has published a list of Frequently Asked Questions (FAQs) to accompany its proposal to reset gross/effective list price indices and assessments in Europe and North America.
The launch follows a one-month consultation period which ended on April 6. The two prices will broaden coverage of the world’s largest graphite flake market, complementing existing Fastmarkets’ graphite flake offerings. The new Chinese domestic prices will provide market participants with additional reference points, capturing unique dynamics of Chinese graphite market, particularly in the wake of graphite export controls […]
The publication of Fastmarkets’ European steel beams and sections assessments for Wednesday April 15 was delayed due to a reporter error. Fastmarkets’ pricing database has been updated.
Fastmarkets has launched a suite broker/processor and ex-works prices to service the domestic and export Mexican stainless steel scrap markets respectively.