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The proposal to amend the index from weekly to daily, which was originally published on September 3, will enable Fastmarkets AMM to better reflect market activity in this ongoing period of unprecedented steel volatility.
The proposed specification will be as follows:
US Midwest Hot-Rolled Coil Index Price type: Index Gauge: 0.09 inch-0.38 inch thick x 48-72 inches wide Quality: ASTM A1011 Commercial Steel and corresponding grades Quantity: Minimum 50 tons Location: fob US Midwest mill, normalized Unit: US dollars per hundredweight Frequency: Daily, by 5pm New York Notes: Standard packing, raw materials surcharges included
To provide feedback on this index or if you would like to provide price information by becoming a data submitter, contact Fastmarkets AMM steel correspondent Michael Cowden by email at pricing@fastmarkets.com. Please add the subject heading FAO: Michael Cowden, re: US Midwest Hot-Rolled Coil Index.
Fastmarkets AMM has no financial interest in the level or direction of the index.
To see all Fastmarkets AMM’s pricing methodology and specification documents, click here.