PRICING NOTICE: Proposal to amend cfr India steel plate assessment

Fastmarkets is proposing to change the thickness of products assessed in its steel heavy plate 20-60mm import, cfr main port India, $/tonne price to 10-40mm.

Fastmarkets believes that the proposed change will better reflect the base import price for steel plate in India in the current market.

Following the amendment, the name of the price will be changed to “Steel heavy plate 10-40mm import, cfr main port India, $/tonne.”

Steel heavy plate 10-40mm import, cfr main port India, $/tonne
Quality: A36B, SS400, ASTM, JIS
Thickness: 10-40mm
Quantity: Min lot size of 1,000 tonnes
Location: cfr India
Timing: 4-12 weeks
Unit: $/tonne
Payment terms: Letter of credit on sight
Publication: Every Friday, 2-3pm London time 
The consultation period for this proposed amendment will end on September 25. The amendment will take place, subject to market feedback, on October 2.

All historical data relating to the assessment prior to the amendment will remain available in the pricing section of Fastmarkets’ website.

To provide feedback on India domestic flat steel price assessments, or if you would like to provide price information by becoming a data submitter, please contact Suresh Nair or Paul Lim by email at Please add the subject heading “FAO: Suresh Nair/Paul Lim re: Indian domestic flat steel price assessments.”

To see all of Fastmarkets’ pricing methodology and specification documents, go to

What to read next
Fastmarkets proposes to launch a ferro-chrome 50% Cr import, cif Indonesia price assessment to expand its coverage of the Asian ferro-chrome market.
After an extended consultation period, Fastmarkets will launch two new European aluminium low-carbon value-added product (VAP) differentials to complement its existing low-carbon offering in Europe and begin the phased discontinuation of the existing MB-AL-0382 aluminium low-carbon value-added product differential.
Fastmarkets is inviting feedback from the industry on the pricing methodologies for Log Lines and Woodfiber & Biomass Markets as part of its announced annual methodology review process.
Please note Fastmarkets has corrected its assessment for MB-MG-0005 magnesium, 99.9% min, ex-whs Baltimore, US cents/lb, which was erroneously published a week early on Thursday November 9.
Please note Fastmarkets has corrected its index assessments for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, MB-STE-0416, and steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, MB-STE-0417, which were published incorrectly on Thursday November 9.
Fastmarkets proposes to amend the publication time of its Bangladesh steel scrap import price assessments to 4pm UK time from 5-6pm Singapore time currently.