US Midwest HRC index publication delay: pricing notice

The publication of Fastmarkets’ daily steel hot-rolled coil index, fob mill US Midwest was delayed on Tuesday April 18 due to technical issues.

Fastmarkets’ pricing database has since been updated.

Specifications for the affected price are as follows:

MB-STE-0184 Steel hot-rolled coil index, fob mill Midwest US
Quality: 0.09 inch-0.38 inch thick x 48-72 inches wide ASTM A1011 Commercial Steel and corresponding grades
Quantity: Min 50 tons
Location: fob US mill, Midwest states as defined by the US Census Bureau, plus Kentucky and Pennsylvania.
Unit: USD per hundredweight
Publication: Daily by 5pm New York time
Notes: Standard packaging, raw materials surcharges included. Payment terms are typical commercial practice in the HRC market. Transactions that are conducted on different payment or credit terms will be adjusted back to the base specifications, taking into account discounts and standard commercial terms.

For more information, to provide feedback on the delayed publication or if you would like to become a data submitter to this price, please contact Grace Asenov by email at pricing@fastmarkets.com. Please add the subject heading: FAO: Grace Asenov, re: hot-rolled coil index.

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

What to read next
Following an initial consultation with the market, Fastmarkets is proposing to:  The new specifications would be as follows, with amendments in italics: MB-CU-0002 Copper grade 1 cathode premium, ddp Midwest US, US cents/lb Quality: Grade A 99.9935% min copper cathode conforming to LME specifications BS EN 1978:2022 – Cu-CATH-1 or Grade 1 Electrolytic Copper Cathode ATSM B1115-10 Quantity: Min […]
The proposed price will expand Fastmarkets’ coverage of the flat stainless steel market in Europe by complementing the price assessment for MB-STS-0281 stainless steel cold-rolled sheet, 2mm, grade 304, transaction domestic, delivered North Europe. The proposal follows preliminary discussions with the market and coincides with a proposal to discontinue the assessment of the base price for […]
The proposal follows preliminary discussions with the market and interrogation of existing data collected by Fastmarkets, which suggest that these prices are no longer used by the wider market. Base price trading has been suspended since the end of 2022 due to poor market conditions. In its place, business has been done on a transaction […]
This strategic launch is intended to offer the market a single reference price denoting the differential between US Midwest rebar and heavy melting-grade scrap, a key component in the production of that grade. Details of the previous launches can be found via this link. The methodology specification for this differential is: MB-STE-0930 Steel reinforcing bar […]
Fastmarkets has concluded its annual industry consultation and will add new straight-length assessments for Eastern S-P-F #1&2 2x4 and 2x6 8’-16’ delivered Toronto. Fastmarkets will also assess an adder for Southern Yellow Pine #2 Prime 2x4, 2x6, and 2x8.
The last assessments for the LWC and MWC rotogravure grades will be published on July 17. The prices will be discontinued on August 21. The affected prices are: FP-GP-0027 LWC rotogravure reels 60-g, France, €/tonne FP-GP-0026 LWC rotogravure reels 60-g, Germany, €/tonne FP-GP-0083 LWC rotogravure reels 57-g, Germany, €/tonne FP-GP-0082 LWC rotogravure reels 54-g, Germany, €/tonne FP-GP-0086 MWC rotogravure reels […]