Proposal to amend European steel plate price assessments

Fastmarkets proposes to amend the publication day for its European steel domestic plate and import plate assessments from Wednesday to Thursday, to better align with related markets.

The proposed new specifications for the four prices are listed below, with the suggested amendments in italics:

MB-STE-0034 Steel domestic plate 8-40mm, exw Northern Europe, €/tonne
Quality: S235JR, width 2,500mm, length 12,000mm, thickness 8-40mm (excluding extras for dimensions)
Quantity: 100-5,000 tonnes
Location: ex-works Northern Europe
Timing: Up to 6 weeks
Unit: €/tonne
Publication: Weekly. Thursday, 2-3pm London time

MB-STE-0035 Steel domestic plate 8-40mm, exw Southern Europe, €/tonne

Quality: S235JR, width 2,500mm, length 12,000mm, thickness 8-40mm (excluding extras for dimensions)
Quantity: 100-5,000 tonnes
Location: ex-works Southern Europe
Timing: Up to 6 weeks
Unit: €/tonne
Publication: Weekly. Thursday, 2-3pm London time

MB-STE-0049 Steel plate (8-40mm) import, cfr main port Northern Europe, €/tonne
Quality: S235JR, width 2,500mm, length 12,000mm, thickness 8-40mm
Quantity: 1,000-5,000 tonnes
Location: cfr Northern Europe
Timing: 8-12 weeks
Unit: €/tonne
Publication: Weekly. Thursday, 2-3pm London time

MB-STE-0050 Steel plate (8-40mm) import, cfr main port Southern Europe, €/tonne
Quality: S235JR, width 2,500mm, length 12,000mm, thickness 8-40mm
Quantity: 1,000-5,000 tonnes
Location: cfr Southern Europe
Timing: 8-12 weeks
Unit: €/tonne
Publication: Weekly. Thursday, 2-3pm London time

These prices are a part of the Fastmarkets Steel Price Package.

The consultation period for this proposed amendment starts from Tuesday May 6 and will end on Monday June 3. The amendment will then take place, subject to market feedback, on Thursday June 5.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Holly Chant by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Holly Chant, re: European Steel Plate assessments.”

Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

What to read next
The consultation began on November 25, 2025, was extended on January 6 this year and ended on February 6. It sought feedback from a range of market participants on the location of delivery, material density and payment terms. Based on market feedback received during the consultation, Fastmarkets has decided to amend the delivery location to delivered consumer […]
The consultation, which was originally open until February 6, sought to address growing market interest in these prices, to give more visibility into the price formation process and to more closely align these assessments with observed trading patterns. Specifically, Fastmarkets is seeking further feedback on: Extended consultation periodThe extended consultation period for these proposed changes starts […]
Learn about the robust iron ore methodology that ensures transparency and effective risk management for pricing mid-grade fines.
Fastmarkets published its assessment of the MB-STE-0232 steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton on Monday February 9, 2026.
Fastmarkets selects the frequency of publication of a market assessment after considering the number of data points (deals, bids, offers, deals heard and assessments) that it can reasonably expect to collect on a consistent basis over the selected period to support the price assessment process. This proposal follows preliminary discussions with the market as well […]
Following a two-week consultation period, which concluded on Thursday February 5, Fastmarkets has amended the publication time of the indices for MB-IRO-0011 iron ore 61% Fe fines, fot Qingdao, yuan/wet tonne, and MB-IRO-0022 iron ore 61% Fe fines, fot Qingdao, $/dmt conversion from daily at 6:30pm Singapore time to daily at 6:30pm Shanghai time, as well as to […]