PRICING NOTICE: Proposal to launch Northern EU domestic stainless grade 304 cold-rolled sheet transaction price

Metal Bulletin proposes to launch a weekly domestic transaction price assessment for 2mm grade 304 cold rolled stainless sheet delivered in Northern Europe.

Metal Bulletin understands from preliminary market engagement that the assessment of an overall transaction price would be a complementary addition to Metal Bulletin’s existing pricing coverage of the European stainless market.

Subject to market feedback, the price assessment would comprise Metal Bulletin’s weekly base price assessment for 2mm grade 304 cold rolled stainless steel sheet delivered in Northern Europe and the monthly alloy surcharge for the same material.

The price assessment would include the publication of historical data previously collected by Metal Bulletin.

The specification would be as follows:

Description: EU domestic grade 304 stainless steel cold rolled sheet (2mm) transaction € per tonne delivered North Europe
Dimensions: Width 1,500-2,000mm, thickness 2mm, length 1,000-3,000mm
Quantity: 10-1,000 tonnes
Location: Delivered Northern Europe
Timing: minimum 4 weeks
Unit: €/tonne
Payment terms: Standard 30-60 days after invoice date
Publication: Weekly, Fridays at 2-3pm London time
Notes: European Norm AISI 304 EN 1.4301 ASTM 304

The consultation period for this proposed launch will end one month from the publication date of this pricing notice, subject to market feedback, on Thursday August 2.

Metal Bulletin has no financial interest in the level or direction of the assessment.

To provide feedback on this price or if you would like to provide pricing information, please contact Viral Shah by email to: pricing@metalbulletin.com. Please add the subject heading: “FAO: Viral Shah re: EU grade-304 export stainless steel sheet price”.

To see all Metal Bulletin’s pricing methodology and specification documents go to: https://www.metalbulletin.com/prices/pricing-methodology.html

What to read next
No feedback was received 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 market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes […]
Following the consultation, which closed on Thursday June 12, Fastmarkets will amend the frequency of Taiwan base metals premium and delivery timing for tin 99.99% ingot premium, with the first publication on a monthly frequency taking place on Tuesday July 1. The change in frequency will help to better reflect the dynamics in the Taiwan […]
Following an initial consultation with the market, Fastmarkets is proposing to:  The new specifications would be as follows, with amendments in italics: MB-CU-0002 Copper grade 1 cathode premium, ddp Midwest US, US cents/lb Quality: Grade A 99.9935% min copper cathode conforming to LME specifications BS EN 1978:2022 – Cu-CATH-1 or Grade 1 Electrolytic Copper Cathode ATSM B1115-10 Quantity: Min […]
The proposed price will expand Fastmarkets’ coverage of the flat stainless steel market in Europe by complementing the price assessment for MB-STS-0281 stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe. The proposal follows preliminary discussions with the market and coincides with a proposal to discontinue the assessment of the base price for […]
The proposal follows preliminary discussions with the market and interrogation of existing data collected by Fastmarkets, which suggest that these prices are no longer used by the wider market. Base price trading has been suspended since the end of 2022 due to poor market conditions. In its place, business has been done on a transaction […]
This strategic launch is intended to offer the market a single reference price denoting the differential between US Midwest rebar and heavy melting-grade scrap, a key component in the production of that grade. Details of the previous launches can be found via this link. The methodology specification for this differential is: MB-STE-0930 Steel reinforcing bar […]