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Hot-rolled coil index Methodology and Price Specifications | Index

Aug 31, 2017 | 08:00 PM | AMM staff


Methodology rationale

AMM’s rationale to adopt and develop the price discovery process and methodology to produce the hot-rolled coil index is to provide a fair, consistent and transparent representation of the US hot-rolled coil market for the trading period they measure.

AMM publishes the hot-rolled coil index on a weekly basis every Thursday, unless that falls on a public holiday, in which case the index is published on the following working day.

Prices are valid for new spot orders placed from a producing mill in the timeframe from the publication of the prior index. Any material that is delivered as part of a long-term contract is excluded from the calculation process.

Specifications and reference units

AMM has defined clear specifications that detail the material’s characteristics or quality, location, delivery and payment terms and the minimum volume accepted. These specifications have been determined in consultation with market participants and following industry convention. Currency and volume units are in line with recognized hot-rolled coil market trading conventions.

AMM’s Reporters ensure that the information they receive matches the following specifications:

Hot-rolled coil
Price......................................US dollars per hundredweight
Location................................USA
Pricing Point.........................f.o.b. Midwest mill
Price Type.............................Index
Frequency.............................Weekly, Thursday
Minimum tonnage...............50 tons
Gauge....................................0.09 inch - 0.38 inch thick x 48 - 72 inches wide
Quality....................................ASTM A1011 commercial sheet and corresponding grades
Packaging.............................Standard
Raw Material surcharges...Included



 

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