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The prices proposed for discontinuation are as follows:
These prices have been published by Fastmarkets since June 2013, but over the past year liquidity has dried up as the Argentinian economy has been in crisis. The steel supply chain in the country was small to begin with and has consolidated further as the economy has struggled, making data collection challenging.
This consultation period, which begins on Tuesday July 14, will end two months from the date of this pricing notice, on Tuesday September 8, with changes taking place, subject to market feedback, from Friday September 11.
To provide feedback on these prices, please contact pricing@fastmarkets.com. Please add the subject heading ‘FAO: Thorsten Schier, re: Argentina steel prices.’
To see all Fastmarkets’ pricing methodology and specification documents go to https://www.fastmarkets.com/about-us/methodology.