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In order to better reflect the material traded in the market, Fastmarkets proposes to reduce the range of specified widths to 1,500-2,500mm from 1,000-2,500mm.
The publication day of the assessment will also be changed from Friday to Thursday.
The proposed new specifications are listed below, with the suggested amendments in italics:
MB-STE-0896 Steel slab import, cfr Italy, $ per tonneQuality: S235JR,A 36, SAE1006, 3sp width 1,500-2,500mm, thickness 200- 300mm, length 6,000-12,000mmQuantity: 20,000-50,000 tonnesTiming: 8-10 weeksCurrency: USD per tonnePayment terms: LC at sight or around 20% downpayment via bank remittance, rest after shipment or prior cargo arrivalPublication: Weekly. Thursday, 2-3 pm London time.
This price is a part of the Fastmarkets steel package.
The consultation period for the above proposal will start on Friday May 2 and end on Tuesday June 3, with the amendment, subject to feedback, to take effect from 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 Marina Shulga by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Marina Shulga, re: import slab assessment in Italy.”
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 https://www.fastmarkets.com/methodology.