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 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.

Fastmarkets invited feedback from the industry on the pricing methodology for its steel hot-rolled coil index, domestic, exw Northern Europe, € per tonne (MB-STE-0028) and steel hot-rolled coil index, fob mill US Midwest, $ per cwt (MB-STE-0184), via an open consultation process between March 24 and April 24, 2025.

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.

Fastmarkets is launching a US green steel differential to hot-rolled coil and an accompanying US green steel base price. The launch is targeting growing interest from the auto sector and elsewhere in a low-carbon-emission HRC option. It complements differentials and base prices in Europe and Asia.

Singapore has introduced a one-off public holiday for its presidential election polling day on Friday September 1. The publication of some Fastmarkets prices will be affected.