PRICING NOTICE: Fastmarkets starts publication of daily Northern Europe HRC Index

Fastmarkets will from today, Thursday December 5, publish its price for steel hot-rolled coil domestic Northern Europe as a daily index.

Based on market feedback, Fastmarkets firmly believes there is sufficient volume and market liquidity in the Northern Europe HRC market to support a daily price and that the transition from a weekly assessment to a daily index is useful and necessary for market participants.

This transition was proposed on October 31, allowing for a market consultation lasting more than one month.

The specification for the new index is as follows:

Steel hot-rolled coil index domestic, exw Northern Europe, €/tonne
Quality: Grade s235jr, width 1,200-1,300mm, thickness 3mm. Standard extras for dimensions excluded
Quantity: Min 50 tonnes
Location: Ex-works Northern Europe (defined as Germany, the Netherlands and Belgium)
Timing: Up to 6 weeks
Unit: EUR/tonne
Payment terms: Typical commercial practice in the HRC market. Transactions that are conducted on different payment or credit terms will be adjusted back to the base specifications, taking into account discounts and standard
Publication: Daily, 4pm London time
Notes: Only material offered to/traded within Northern Europe, as defined above, will be considered

Fastmarkets’ index methodology applies a tonnage-weighted model, which will ensure the Northern Europe domestic HRC index is the most robust in the industry.

To provide feedback on this index or if you would like to provide price information by becoming a data submitter, contact Maria Tanatar by email at Please add the subject heading ‘FAO: Maria Tanatar, re: Northern Europe HRC Index.’

To see the full Northern Europe HRC Index methodology, please click here.

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.
(PIX Pulp & Paper Indices) - Fastmarkets today launches PIX Packaging GCC price indices.
Fastmarkets proposes to amend the publishing frequency of its three calcined alumina prices from monthly to quarterly.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.