Proposal to delist US imported steel plate price

Fastmarkets proposes to discontinue its biweekly imported steel plate price assessment due to market illiquidity.

The code, name and current specifications for the item are as follows:
MB-STE-0179 Steel medium plate, import, ddp Houston, $/short ton
Quality: Commercial-quality plate within standard tolerances. ASTM A36 and equivalent. 3-6 inches thick x 48-72 inches wide
Quantity: Min 500 tons
Location: ddp Port of Houston
Unit: USD per short ton
Publication: Every two weeks, Wednesday

The consultation period for this proposed amendment will end 60 days from the date of this pricing notice on Tuesday May 24. An update to this notice will be published on that day. Subject to market feedback, the proposed changes would take place beginning with the biweekly assessment on Wednesday May 25.

To provide feedback on this proposal or if you would like to provide price information by becoming a data submitter to this assessment, please contact Abby Verret by email at: pricing@fastmarkets.com. Please add the subject heading: “FAO: Abby Verret re: Imported steel plate.”

To see all Fastmarkets’ pricing methodology and specification documents click here.

What to read next
An incorrect EUR/USD exchange rate, used to convert the cost of inputs priced in euros to US dollars, caused the prices to be calculated incorrectly. This has now been rectified. The following prices were affected: AG-SAF-0004 Sustainable aviation fuel (SAF max), base cost, exw Netherlands, $/tonnePublished incorrectly as: $2,995 per tonneCorrected to: $1,996 per tonne […]
The publication of Fastmarkets’ European aluminium billet premiums assessments for Friday February 6 was delayed because of a procedural error. Fastmarkets’ pricing database has been updated.
Fastmarkets has corrected its MB-GD-0001 Gadolinium oxide 99.99%-99.999% fob China, $/kg price, which was published incorrectly.
Fastmarkets launches MB-STE-0951 Steel hot-rolled coil index, fob mill Canada on Thursday February 5.
The consultation, which is open until Friday March 6, seeks to ensure that our audited methodologies and price specifications continue to reflect the physical markets for steelmaking raw materials, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price […]
The price subject to this annual review is Fastmarkets’ MB-STE-0141 steel billet import, cfr Manila, $/tonne.​This consultation, which is open until Friday March 6, seeks to ensure that our methodologies continue to reflect the physical CFR Manila steel billet market, in compliance with the International Organization of Securities Commission (IOSCO) principles for price reporting agencies (PRAs). This […]