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Fastmarkets proposes to discontinue its price assessment for hot-briquetted iron (HBI) exports from Venezuela, due to the sharp decline in shipments caused by the longstanding crisis in the country’s ironmaking industry and the unlikely prospect of any improvement in the near future.
Fastmarkets has corrected the calculation of its MB-IRO-0144 Iron ore 62% Fe low-alumina fines, cfr Qingdao, which was published incorrectly on Thursday October 20 due to an error.
Fastmarkets has corrected its daily hot-rolled coil index, fob mill US, which was published incorrectly on Wednesday October 19 and on Thursday October 6, due to an error.
Fastmarkets will launch a price assessment for nickel mixed hydroxide precipitate, cif China, Japan and South Korea, on Friday October 28.
Following a consultation period and market feedback, Fastmarkets will proceed with a comprehensive update of its nickel scrap prices to bring them in line with its global price reporting agency standards.
Fastmarkets is changing the way it calculates its daily hot-rolled coil index, fob mill US, to align its methodology with other Fastmarkets indices.
Fastmarkets Benchmark Administration Oy (FBA) was incorporated in December 2020 to operate as the independent administrator of benchmarks published by price reporting agency (PRA) Fastmarkets and subject to the European Benchmarks Regulation (BMR). It is headquartered in Helsinki, Finland, and supervised by the Finnish Financial Supervisory Authority (FIN-FSA).
If you have questions about our pricing process, contact our pricing team.
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