Price notice: Amendment of Asia steel price names
Jun 26, 2019 | 12:57 PM
Fastmarkets is standardizing the names of some of its steel price assessments to better reflect incoterms and trading locations.
In this standardization process, Fastmarkets will remove from the price names the region from country-specific assessments and specify in clearer detail the pricing location of some domestic China prices.
Please see the table below for more details:
Although Fastmarkets has amended the description of each price in the name, the methodology for the discovery of those prices is unchanged. We will, however, update our price methodology documents to reflect the standardized price names.
Please click here for to see our lists of standardized price names ahead of their implementation on July 5.
To provide feedback on these prices or if you would like to provide price information by becoming a data submitter, please contact Paul Lim and Jessica Zong by email at: . Please add the subject heading FAO: Paul Lim/Jessica Zong, re: Standardization of Fastmarkets’ Asia steel price names.
To see all Fastmarkets’ pricing methodology and specification documents, please go to https://www.fastmarkets.com/about-us/methodology.