Proposal to discontinue converted price assessment

Fastmarkets proposes to discontinue the converted price assessments for the following markets:

  • MB-STE-0467 Steel cut-to-length plate carbon grade, fob mill US, $/short ton
  • MB-STE-0465 Steel reinforcing bar (rebar), fob mill US, $/short ton

This price is converted from the market:

  • MB-STE-0172 Steel cut-to-length plate carbon grade, fob mill US, $/cwt
  • MB-STE-0170 Steel reinforcing bar (rebar), fob mill US, $/cwt

This market can now be converted to $/short ton using the conversion service on the Fastmarkets Dashboard.
The consultation period for this price discontinuation will begin on Monday October 3 and will end on Monday October 31, with changes taking place, subject to market feedback, from Tuesday November 1.

To provide feedback on the proposal to discontinue these converted price assessments, please contact Barbara O’Donovan by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Barbara O’Donovan, re: converted price assessments.’

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

What to read next
Copper scrap discounts in the United States were stuck in a holding pattern on Wednesday December 7, while brass prices consolidated recent gains amid rising prices on The Commodity Exchange (Comex)
Seaborne manganese ore prices in China ticked upward in the week to Friday December 2 but doubt remained whether this was an indication of an upward trend or just a short-term shift
Global nickel premiums were under pressure from weak demand in the week to Tuesday December 6, with the premium for nickel 4x4 cathode in Rotterdam widening downward, while the others were flat
Fastmarkets is proposing to launch two daily indices for 67.5% Fe iron ore pellet feed to reflect the spot price of high-grade pellet feed products sold on a CFR China basis.
Fastmarkets is proposing a realignment of its consumer buying prices for No1 busheling scrap in North Carolina and South Carolina respectively, effective from the January 2023 monthly settlement.
Fastmarkets has realigned its consumer buying price for ferrous scrap machine shop turnings in Chicago, effective from the December 2022 monthly settlement.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.
Proceed