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The proposal is based on Fastmarkets’ own observations and analysis.
The change would affect the publishing frequency of the following assessments:
MB-STE-0024 Steel beams, domestic, delivered Northern Europe, € per tonneQuality: S235, category 2, commodity-grade, 200x200mm H-beamQuantity: 25-1,000 tonnesLocation: Delivered Northern EuropeTiming: Up to 6 weeksUnit: EUR per tonnePayment terms: Standard 30-60 days after invoice datePublication: Weekly, Wednesday, 2-3pm London time.
MB-STE-0025 Steel beams, domestic, delivered Southern Europe, € per tonneQuality: S235, category 2, commodity-grade, 200x200mm H-beamQuantity: 25-1,000 tonnesLocation: Delivered Southern EuropeTiming: Up to 6 weeksUnit: EUR per tonnePayment terms: Standard 30-60 days after invoice datePublication: Weekly, Wednesday, 2-3pm London time.
MB-STE-0038 Steel sections (medium), domestic, delivered Northern Europe, € per tonneQuality: S235, width 40-80mm, thickness 3-4mm, length 12,000mmQuantity: 200-500 tonnesLocation: Delivered Northern EuropeTiming: 6-8 weeksUnit: EUR per tonnePayment terms: Standard 30-60 days after invoice datePublication: Weekly, Wednesday, 2-3pm London time.
MB-STE-0039 Steel sections (medium), domestic, delivered Southern Europe, € per tonneQuality: S235, width 40-80mm, thickness 3-4mm, length 12,000mmQuantity: 200-500 tonnesLocation: Delivered Southern EuropeTiming: 6-8 weeksUnit: EUR per tonnePayment terms: Standard 30-60 days after invoice datePublication: Weekly, Wednesday, 2-3pm London time.
These are part of the Fastmarkets’ Steel package.
The full specifications for each price assessment can be found in the methodologies available at this address.
Under the new schedule, the prices would be published on the first Wednesday of every month.
The consultation period for this proposed amendment starts on January 17, 2024, and will end on February 28, 2024. The amendment will then take place, subject to market feedback, on Wednesday March 6.
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: beams and sections.”
Please indicate if comments are confidential. 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 the Fastmarkets Methodology page.