Proposal to amend US HRC index methodology

Fastmarkets is proposing to change the way it calculates its daily hot-rolled coil index, fob mill US, to align its methodology with other Fastmarkets indices

The US HRC index currently employs a three sub-index approach, categorizing and weighing inputs separately from producers, distributors and consumers.

The proposal is to change the index to a two sub-index approach with inputs separated simply as sellers and buyers.

Fastmarkets does not expect this change to materially affect the daily published price, based on internal analysis.

The 90-day consultation period for this proposed amendment starts from Thursday July 21 and will end on Wednesday October 19. The amendment will then take place, subject to market feedback, on Monday October 31.

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

What to read next
The publication of Fastmarkets’ daily steel hot-rolled coil index, domestic, ex-works Northern Europe and daily steel hot-rolled coil index, domestic, exw Italy for Monday August 15 took place earlier than scheduled due to a reporter error.
Fastmarkets invites all nickel market participants to provide feedback on its initiative to launch a price for the physical mixed-hydroxide-precipitate (MHP) market.
Fastmarkets is proposing a realignment of its dealer selling price for ferrous scrap machine shop turnings in Houston, effective from the September 2022 monthly settlement.
Fastmarkets is proposing a realignment of its dealer selling price for ferrous scrap machine shop turnings in St Louis, effective from the September 2022 monthly settlement.
Fastmarkets is proposing a realignment of its consumer buying prices for No1 bundles and No1 busheling scrap in Alabama, effective from the September 2022 monthly settlement.
Fastmarkets has corrected its consumer buying price for cut structural/plate 3’max, delivered mill Philadelphia, following an input error during the monthly domestic ferrous scrap trade in May.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed