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
Fastmarkets is launching a green long steel differential to its weekly price assessment for steel reinforcing bar (rebar) import, cfr Singapore, as well as a weekly inferred green steel base price for rebar cfr Singapore.
Correction to rationale for alumina index, fob Australia on October 4
The publication of Fastmarkets’ Mineral Sands Monthly price assessments for Thursday October 3 was delayed to 17:51 from 16:00 due to a reporter error. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ price assessments of calcined alumina on Thursday October 3 were delayed due to a reporter error. Fastmarkets’ pricing database has been updated.
The publication of Fastmarkets’ India import aluminium scrap price assessments for Wednesday October 2 were delayed because of the Gandhi Jayanti public holiday in India. Fastmarkets’ pricing database has been updated.
After assessing market feedback, Fastmarkets is extending by two weeks the consultation period for its proposal to launch an additional low-carbon differential for P1020 aluminium in Europe.