Fastmarkets’ decision follows a one-month consultation to discontinue its China domestic wire rod price because of small transaction volumes and because it is not a major price benchmark or key reference. The consultation received no feedback. The affected price is:MB-STE-0164 Steel wire rod (mesh quality) domestic, ex-whs Eastern China, yuan/tonneFastmarkets will keep its weekly price […]

Fastmarkets has corrected several ferrous metal weekly averages, which were published incorrectly on December 28.

The price subject to this annual review is Fastmarkets’ MB-STE-0141 – steel billet import, cfr Manila. This consultation, which is open until April 7, 2025, seeks to ensure that our methodologies continue to reflect the physical market, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements […]

Fastmarkets has corrected its MB-STE-0149 steel scrap heavy scrap domestic, delivered mill China, which was published incorrectly on Friday March 7.

Fastmarkets will adhere to its regular US price publishing schedule on Thursday January 9, despite amendments to New York Stock Exchange and Chicago Mercantile Exchange trading hours on that date in observance of the passing of former US President James Carter.

The publication of Fastmarkets’ index for steel reinforcing bar (rebar) export, fob China main port for Tuesday November 19 was delayed due to a reporter error. Fastmarkets’ pricing database has been updated.

The proposal follows market feedback and data collected by Fastmarkets, which suggested that the price assessment is not a major price benchmark or key reference for market participants. Specifically, Fastmarkets is proposing to discontinue: MB-STE-0164 Steel wire rod (mesh quality) domestic, ex-whs Eastern China, yuan/tonneQuality: Q235B, diameter 6.5-10mmQuantity: 40-1,000 tonnesLocation: Ex-warehouse ShanghaiTiming: SpotUnit: RMB/tonnePayment terms: […]

Fastmarkets is launching reduced carbon emissions flat steel prices for China’s domestic market, starting from Friday October 11.

Fastmarkets' daily price for hot-rolled coil in the US Midwest was published early on Friday August 23 due to an error.

Fastmarkets proposes to amend the payment terms and quantities of three hot- and cold-rolled coil import price assessments for the United Arab Emirates and Saudi Arabia.