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Fastmarkets has ended a temporary pricing suspension on US pig iron basic grade, Ukraine/Russia, fob New Orleans, effective Monday May 23, following confirmation of recent sales.
Fastmarkets used the London Metal Exchange base metals prices at 9:41am London time for the arbitrage calculations on Monday May 23, because there was no data available at 8:00am due to a system error.
Fastmarkets today, Wednesday May 11, launches weekly price assessments for the Italian and Spanish domestic rebar markets, to replace its previous Southern European domestic rebar assessment.
After a one-month consultation period, Fastmarkets has amended the frequency of its China import steel scrap indices.
Fastmarkets invited feedback on the pricing methodology for its iron ore indices via an open consultation launched on March 2. This one-month consultation was done as part of our published annual methodology review process
Fastmarkets proposes to amend the minimum accepted tonnage for data collection of US ferro-molybdenum and molybdic oxide from 10 tons to 5 tonnes.
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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