Search
Email a friend
  • To include more than one recipient, please separate each email address with a semi-colon ';', to a maximum of 5

  • By submitting this article to a friend we reserve the right to contact them regarding AMM subscriptions. Please ensure you have their consent before giving us their details.


PRICING NOTICE: AMM launches HRC index

Aug 03, 2017 | 11:51 AM |

Tags  hot-rolled coil, index, hot-rolled coil index, AMM hot-rolled coil index


AMM switched its weekly hot-rolled coil price to an index basis f.o.b. Midwest mill from an assessment effective July 27.  

The specifications have been designed to reflect the most commonly traded spot volumes in the Midwest region and AMM has identified sufficient market liquidity in the U.S. hot-rolled coil market to justify the implementation of an index-based methodology.

The index methodology will ensure increased robustness through rigorous mathematical analysis of gathered pricing data that has already been applied successfully in many other markets by the Metal Bulletin Group.

The index will be published weekly on Thursdays, or on the next working day in the event that a Thursday falls on a public holiday. The specifications under consideration for the index are as follows:

Currency and Unit: U.S. dollar per hundredweight
Location: U.S.
Basis: f.o.b. Midwest mill
Price Type: Index
Frequency: Weekly, Thursday
Minimum Tonnage: 50 tons
Gauge: 0.09 to 0.38 inch thick x 48 to 72 inches wide
Quality: ASTM A1011 Commercial Sheet and corresponding grades
Packaging: Standard
Raw material surcharges: Included

The MB Group’s index methodology screens outliers and applies a tonnage-weighted model to ensure that the hot-rolled coil price is the most robust in the industry.

The group has no financial interest in the level or direction of the index.

If you have any further questions about the index, please email Thorsten Schier at tschier@amm.com. 
 





Latest Pricing Trends Year Over Year

Poll

How will metal prices perform in 2018?

The same, with minimal change in either direction
Better, building off 2017 momentum
Worse, suffering losses
Mixed, with steel improving and base metals declining
Mixed, with base metals improving and steel declining


View previous results