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Fastmarkets’ pricing database has been updated. The affected prices were:MB-STE-0416 Steel scrap, HMS 1&2 (80:20 mix), North Europe origin, cfr Turkey, $ per tonneMB-STE-0417 Steel scrap, HMS 1&2 (80:20 mix), US origin, cfr Turkey, $ per tonneMB-STE-0894 Steel scrap, HMS 1&2 (80:20 mix), month-to-date deal-weighted average, North Europe origin, cfr Turkey, $ per tonneMB-STE-0100 Steel scrap, HMS 1&2 (80:20 […]
These monthly prices were published on September 11 and have now been cancelled. Fastmarkets’ pricing database has been updated to reflect this change. The next publication will be on October 2, when the market will be assessed as normal. Fastmarkets’ pricing database has been updated to reflect this change. The following prices were published early:MB-ZIR-0014 Zircon, […]
Fastmarkets proposes to include additional EU Carbon Border Adjustment Mechanism (CBAM) costs in its benchmark aluminium P1020A premium fca dp premium assessments for Italy (MB-AL-0316), and Spain (MB-AL-0319) from January 1, 2026, when the definitive period of the EU’s CBAM is set to begin. The MB-AL-0316 aluminium P1020A premium fca dp Italy and MB-AL-0319 aluminium P1020A premium fca dp […]
After an extended consultation, which closed on Friday September 27, Fastmarkets has amended the base Fe specification and changed the names of its iron ore 62% Fe fines, fot Qingdao indices, changing the names to “iron ore 61% Fe”. The new specifications would be as follows, with amendments in italics: MB-IRO-0011 Iron ore 61% Fe fines, fot […]
The central Mexican market, or the Bajío region, is a main hub for steel market activity in Mexico because of its proximity to ports on the Atlantic and Pacific coasts and because of the many participants in the region (one blast furnace, 12 electric-arc furnaces, four rolling mills and over 10 big traders). This market […]
Fastmarkets has launched the monthly price assessment for steel billet, import, cfr Saudi Arabia, to reflect the increasing volume of billet imports into Saudi Arabia, where steel demand was expected to improve due to large infrastructure projects such as the football World Cup 2034 and Saudi Expo 2030. Currently, Saudi Arabia has capacity for about 14.5 […]
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).
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