Proposal to adjust steel HDG all-in assessment

Fastmarkets is proposing to adjust its weekly all-in assessment price for steel hot-dipped galvanized coil, following an amendment to the included zinc coating extras effective Thursday October 6.

Fastmarkets held a 60-day consultation – beginning August 1 and extended through September 30 – to clarify the thickness of the steel hot-dipped galvanized coil for the zinc coating extras. As a result, the weekly all-in price now reflects zinc coating extras for coil that is 0.04-inch thick.

The zinc coating extras will be adjusted to $8 per hundredweight ($160 per short ton) on Thursday October 13, based on mills’ coating extras effective October 6.

That means $8 per cwt will be added to the base price (MB-STE-0186) on October 13 to calculate the all-in price (MB-STE-0212). For example, Fastmarkets’ assessment for steel hot-dipped galvanized coil (cold-rolled base), fob mill US was $53 per cwt on Thursday September 29. With the new zinc extras, the assessment for steel hot-dipped galvanized coil 0.03-0.13 inch G90 (cold-rolled base), fob mill US would be calculated at $61 per cwt.

To provide feedback on this assessment, or if you would like to provide price information by becoming a data submitter to this assessment, please contact Alesha Alkaff by email at: pricing@fastmarkets.com. Please add the subject heading FAO: Alesha Alkaff, re: US hot-dipped galvanized.

To see all of Fastmarkets’ pricing methodology and specification documents, go to
https://www.fastmarkets.com/about-us/methodology.

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For comments and queries, please email hello.foex@fastmarkets.com, indicating “PIX Pellet Nordic Index” in the subject line of the email.