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PRICING NOTICE: Proposal to amend specification of eastern China CRC price

Fastmarkets is proposing an amendment to the specification of its assessment for steel cold-rolled coil domestic, delivered Eastern China domestic to including DC01 products.

August 21, 2020
By Generic people page
Pricing notice

This is due to market participants selling large quantities of DC01-grade CRC, which is of similar quality to SPCC products.

The amended specification of this price assessment will be:

Steel cold-rolled coil domestic, delivered Eastern China domestic, yuan/tonne
Quality: SPCC/DC01, width 1,000-1,250mm, thickness 1-1.2mm
Quantity: 10-200 tonnes
Location: Ex-warehouse Shanghai
Timing: Spot

Unit: RMB/tonne
Payment terms: Prompt payment upon delivery
Publication: Every Friday, 5-6pm Shanghai time
Notes: Inclusive of 13% VAT

The one-month consultation for this proposed amendment will end on Sunday September 20, with changes taking place – subject to market feedback – beginning September 21.

To provide feedback on this assessment, or if you would like to provide price information by becoming a data submitter to this price assessment, please contact Paul Lim and Miranda Song by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Paul Lim/Miranda Song, re: China export plate price assessment.’

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

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