Become a customer

PRICING NOTICE: Proposed change to SE Asia import billet assessment

Steel First is proposing the inclusion of Chinese billet prices in its weekly Southeast Asia import billet assessment.

May 22, 2015
By Generic people page
Pricing notice

Paragraph entered by Atlantic migration, in order for SteelFirst articles to display correctly on Metal Bulletin.

To date, Steel First has been assessing only non-Chinese material in the region due to Chinese mills typically declaring billets as “alloy square bars” to avoid paying a 25% export tax on semi-finished carbon steel and claim a 13% export tax rebate.

Despite this circumvention in China, these cargoes continue to be imported in most Southeast Asian countries, especially the Philippines and Indonesia.

Chinese billets have been dominating the import market in Southeast Asia, with deals for non-Chinese material occasionally heard only in Thailand.

Steel First plans to start considering Chinese billets in its assessment effective Monday July 6.

Please submit your comments on this proposed change to Weilyn Loo by Friday June 19.

What to read next
Proposal to amend iron ore 62.5% Fe Australia-origin lump ore premium name, specifications: pricing notice
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 […]
April 29, 2025
 · 
By Alice Li
Correction to agricultural commodities’ outright prices on April 28
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 […]
April 28, 2025
 · 
By Eduardo Tinti
Delayed publication of aluminium 6063 extrusion billet premium, delivered Midwest US
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 […]
April 25, 2025
 · 
By Yasemin Esmen
Further extension of consultation period for proposal to launch high-grade nickel matte CIF China payable indicator: pricing notice
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 […]
April 24, 2025
 · 
By Dylan Duan
Proposal to amend Fastmarkets’ iron ore 62% Fe fines index name, specifications
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 […]
April 24, 2025
 · 
By Alice Li
Open consultation on annual methodology review for PIX packaging Europe price indices
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 […]
April 24, 2025
 · 
By Fastmarkets FOEX