Proposal to reduce publication frequency of Fastmarkets’ European stainless steel assessments

Fastmarkets proposes to reduce the publication frequency of its European stainless steel price assessments from weekly to monthly.

These are:
Stainless steel cold-rolled sheet 2mm grade 304 transaction domestic, delivered North Europe, €/tonne (MB-STS-0281)
Stainless steel cold-rolled sheet 2mm grade 304 base price domestic, delivered Northern Europe, €/tonne (MB-STS-0007)
Stainless steel bright bar grade 304 base price domestic, delivered Europe, €/tonne (MB-STS-0005)
Stainless steel cold-rolled sheet base price 316 2mm domestic, delivered Europe, €/tonne (MB-STS-0002)

The proposal is based on feedback from market participants as well as Fastmarkets’ own observations and analysis that price volatility in these markets would be appropriately reflected by monthly price assessments.

The stainless steel market in Europe is also heavily influenced by alloy surcharges, which are set by steelmakers on a monthly basis. As such, base prices and transaction prices also tend to move on a monthly basis.

Surcharges are generally published by the beginning of each month. Fastmarkets therefore proposes to publish its stainless steel prices on the first Friday of each month.

The consultation period for this proposed amendment starts from Monday May 15 and will end on Monday June 12. The amendment will then take place, subject to market feedback, on Friday June 16.

To provide feedback on this price or if you would like to provide price information by becoming a data submitter, please contact Ross Yeo by email at: Please add the subject heading “FAO: Ross Yeo, re: European stainless steel.”

To see all Fastmarkets pricing methodology and specification documents, go to

What to read next
The attack by the Russian army on a hydroelectric power plant in Nova Kakhovka in southern Ukraine on Tuesday June 6 has affected steelmaking operations at Kryvyi Rih, where ArcelorMittal’s Ukrainian steel mill and Metinvest’s mining and processing plants (GOKs) are located, sources have told Fastmarkets
Fastmarkets will launches its price assessment for ferro-chrome low carbon, 0.10% C, basis 60-64.9% Cr, CIF Europe, on Tuesday June 6.
Find out how Mitsui and Kobe Steel seek to reinforce their position in direct-reduced iron (DRI) production in the Middle East with the construction of a low-CO2 iron metallics production plant.
Fastmarkets proposes to launch published netback rates for both purity and incoterm differentials for its aluminium P1020A Rotterdam premiums.
(PIX Pulp & Paper Indices) - Fastmarkets today launches PIX Packaging GCC price indices.
Fastmarkets proposes to amend the publishing frequency of its three calcined alumina prices from monthly to quarterly.
We use cookies to provide a personalized site experience.
By continuing to use & browse the site you agree to our Privacy Policy.