PRICING NOTICE: Open consultation on Fastmarkets’ methodology for Northern Europe HRC Index

Fastmarkets is inviting feedback from the industry on its pricing methodology for its Northern Europe hot-rolled coil index 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 is open until July 20, 2020, seeks to ensure that our methodology continues to reflect the physical market under the steel hot-rolled coil index domestic, exw Northern Europe. This includes all elements of our pricing process, our price specifications and publication frequency.

To provide feedback on the annual review of the steel hot-rolled coil index domestic, exw Northern Europe, or if you would like to provide price information by becoming a data submitter to this price/index, please contact Ross Yeo by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Ross Yeo re: annual methodology review of Fastmarkets Northern Europe 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 is 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
Fastmarkets is inviting feedback from the industry on the pricing methodology for its European PIX Paper indices as part of its announced annual methodology review process.
This consultation, which is open until April 8, 2026, seeks to ensure that our methodologies continue to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency. The price under review […]
The publication of Fastmarkets’ assessments for copper grade A cathode warrant premiums and aluminium P1020A warrant premiums was delayed on Wednesday March 11 because of a procedural lapse. Fastmarkets’ pricing database has been updated.
This decision was proposed in a methodology note published on February 9, which you can view here. This decision follows preliminary discussions with the market as well as internal meetings to review relevant Fastmarkets data, which suggested that there was low spot liquidity and price volatility. No negative feedback was received during the consultation period. The […]
This consultation was done as part of our published annual methodology review process. No feedback was received about a methodology change during the consultation period and therefore no changes will be made to the methodologies at this stage. This consultation sought to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in […]
The prices that will be affected are AG-SAF-0006 sustainable aviation fuel (SAF max), base cost, exw Netherlands (incl. HBE-IXB credits), $ per tonne, and AG-SAF-0007 sustainable aviation fuel (HVO max), base cost, exw Netherlands (incl. HBE-IXB credits), $ per tonne. Following the update by the Netherlands to its current biofuel mandate ahead of its full implementation of […]