Proposal to amend steel hot-dipped galvanized coil specification

Fastmarkets proposes to add a note to the specifications for the weekly all-in assessment price for steel hot-dipped galvanized coil to clarify the included zinc coating extras and publish a non-market adjustment to reflect this extra.

The note would specify that the zinc coating extra pertains to a coating that is 0.04-inch thick. There is currently no specified thickness for the zinc coating extra.

This change would not affect the thickness specifications for the base price, which will remain listed as 0.03-0.13 inch.

The specifications for the affected price are as follows, with the proposed addition highlighted in bold and italics:

MB-STE-0212 Steel hot-dipped galvanized coil 0.04 inch G90 (cold-rolled base), fob mill US, $/cwt
Quality: ASTM A653 Commercial Steel and corresponding grades. 0.03-0.13 inch thick x 48-72 inches wide
Quantity: Min 50 tons
Location: fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau.
Unit: USD per hundredweight
Publication: Weekly, Thursday
Notes: Raw materials surcharges included; G90 0.04-inch coating included. Standard packaging

The consultation period for this proposed amendment starts on Monday August 1 and will end on Wednesday August 31. The amendment will take place, subject to market feedback, with the next assessment on Thursday September 1.

The non-market adjustment would be implemented on Thursday September 8 using official mill coating extras effective on September 1.

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

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

What to read next
Fastmarkets has corrected the rand fixing prices for LME-traded base metals, which were published incorrectly on Tuesday June 6 due to a technical error.
Fastmarkets will discontinue its consumer buying assessment for steel scrap rail crops 2ft max, delivered mill Chicago, effective July 1 amid a sustained lack of liquidity for that grade in that market.
Fastmarkets has, in line with our annual methodology review process, concluded a consultation that opened on May 4, 2023, inviting feedback on our methodology for our US Midwest ferrous scrap indices.
Fastmarkets is proposing to reinstate one quarterly US titanium price based on market feedback and is reopening a consultation for four other US titanium prices that were discontinued.
Fastmarkets invited feedback from the industry on the pricing methodology for its index for steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey (MB-STE-0416), and its index for steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey (MB-STE-0417), via an open consultation process between May 4 and June 5, 2023.
Fastmarkets invited feedback from the industry on the pricing methodology for pig iron import, cfr Gulf of Mexico, US, $/tonne (MB-IRO-0004), via an open consultation process between May 4 and June 5, 2023.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed