PRICING NOTICE: Proposal to amend Fastmarkets’ methodology for Taiwan steel scrap price assessment

Fastmarkets invites feedback on its Taiwan steel scrap price assessment 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 will be open until July 1, 2021, seeks to ensure that our methodology continues to reflect the physical market under the price assessment for MB-STE-0464 steel scrap HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan. This includes all elements of our pricing process, our price specifications and publication frequency.

To provide feedback on the annual review of the price assessment for steel scrap HMS 1&2 (80:20 mix), US material import, cfr main port Taiwan, or if you would like to provide price information by becoming a data submitter to this price, please contact Paul Lim by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Paul Lim re: annual methodology review of Fastmarkets Taiwan Steel Scrap 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 5, 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 would be for the industry.

To see all Fastmarkets’ pricing methodology and specification documents, go to www.fastmarkets.com/about-us/methodology

What to read next
Correction to rationale for alumina index, fob Australia on October 4
The publication of Fastmarkets’ Mineral Sands Monthly price assessments for Thursday October 3 was delayed to 17:51 from 16:00 due to a reporter error. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ price assessments of calcined alumina on Thursday October 3 were delayed due to a reporter error. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ India import aluminium scrap price assessments for Wednesday October 2 were delayed because of the Gandhi Jayanti public holiday in India. Fastmarkets’ pricing database has been updated.
After assessing market feedback, Fastmarkets is extending by two weeks the consultation period for its proposal to launch an additional low-carbon differential for P1020 aluminium in Europe.
Fastmarkets is inviting feedback from the industry on the pricing methodology for several vegetable oils and meals prices as part of its announced annual methodology review process.