PRICING NOTICE: Proposed amendment to US steel sheet, plate assessments

Fastmarkets AMM proposes amendments to its weekly steel sheet and plate assessments.

The proposed changes – driven by market participant interest, clarity and overall usefulness – are as follows: 

  • Steel cold-rolled coil: Change location to fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau. Change minimum quantity to 50 tons.
  • Steel hot-dipped galvanized (base): Change location to fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau. Change minimum quantity to 50 tons. Launch two separate prices for steel hot-dipped galvanized (hot-rolled coil base) and steel hot-dipped galvanized (cold-rolled coil base). 
  • Steel cut-to-length plate: Change location to fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau. Change minimum quantity to 50 tons. 
  • Steel coiled plate: Change location to fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau. Change minimum quantity to 50 tons. 

The proposed price specification for steel hot-dipped galvanized (hot-rolled coil base) steel coil, fob mill US, US dollars per short ton is as follows:

Quality: ASTM A653 Commercial Steel and corresponding grades. 0.03-0.13 in thick x 48-72 in wide
Location: fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau
Unit: US dollars per short ton
Quantity: Minimum 50 tons
Publication: Weekly, Thursday
Notes: Raw material surcharges included. Standard packaging.

The proposed price specification for steel hot-dipped galvanized (cold-rolled coil base) steel coil, fob mill US, US $ per short ton is as follows:

Quality: ASTM A653 Commercial Steel and corresponding grades. 0.03-0.13 in thick x 48-72 in wide
Location: fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau
Unit: US dollars per short ton
Quantity: Minimum 50 tons
Publication: Weekly, Thursday
Notes: Raw material surcharges included. Standard packaging.

The 30-day consultation period for this proposal begins on Tuesday August 25 and will end on September 25. An update to this notice will be published on September 28. Changes would be set to take place – subject to market feedback – beginning with the weekly assessments on October 1 and October 2. 

To provide feedback on these amendments, or if you would like to contribute price information by becoming a data submitter to these assessments, please contact Dom Yanchunas at pricing@fastmarkets.com. Please add the subject heading FAO: Dom Yanchunas, re: Steel sheet, plate.

To see Fastmarkets’ pricing methodology and specification documents, please click here.

Fastmarkets has no financial interest in the level or direction of the price assessment.

What to read next
Following an initial consultation with the market, and a review of typical data sets that are collected over the recent months, the amendment also aims to ensure the index remains representative of the Australian-origin iron ore lumps in the CFR China spot market within the index specification range, including Pilbara Blend Lump and Newman Lump.  The […]
Fastmarkets’ pricing database has been updated to reflect the following changes: AG-SYB-0037 Soymeal CIF US Gulf Barge Hipro $/mtIncorrect prices:M1: $331.75 per tonneM2 $334.25 per tonneM3 $334.25 per tonneCorrected to:M1: $329.50 per tonneM2: $332.50 per tonneM3: $332.50 per tonne AG-SYB-0039 Soymeal FOB US Gulf Hipro $/mtIncorrect prices:M1: $334 per tonneM2 $337.75 per tonneM3 $337.75 per tonneCorrected to:M1: $331.75 per […]
The publication of the following assessment was delayed: MB-AL-0052 Aluminum 6063 extrusion billet premium, delivered Midwest US, US cents/lb This price is a part of the Fastmarkets base metals package. For more information or to provide feedback on the delayed publication of this price or if you would like to provide price information by becoming a […]
Fastmarkets is further extending the consultation period for its proposal to launch a monthly high-grade nickel matte payable indicator, 65-75% nickel contained, cif China, % of official exchange price assessment, following feedback from market participants. The initial proposal to launch the assessment was published on February 26, but following feedback related to market liquidity Fastmarkets extended the consultation […]
Fastmarkets proposes to change the name and base specifications of its index for iron ore 62% Fe fines cfr Qingdao to more closely align with the specifications of prevailing mid-grade fines in the CFR China market. Following an initial consultation with the market, and a review of the typical data sets that have been collected […]
This consultation, which is open until May 22, 2025 seeks 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 all elements of our pricing process, our price specifications and publication frequency. You can […]