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Price notice: HDG launch; flat steel changes

Oct 26, 2020 | 01:45 PM | New York | Dom Yanchunas

Tags  steel prices, price notice, cold-rolled coil, CRC, galvanized, plate, cut-to-length


Following a 30-day consultation period, Fastmarkets is launching a separate price for hot-dipped galvanized steel with a hot-rolled coil base, in addition to instituting several amendments to its weekly domestic steel sheet and plate assessments in the United States.

The existing hot-dipped galvanized steel price will now specifically assess hot-dipped galvanized steel with a cold-rolled coil base. Pricing history will remain available for this assessment.

Effective with the weekly price assessment on Thursday October 1, the specifications for hot-dipped galvanized steel will be as follows:

Steel hot-dipped galvanized (hot-rolled coil base) steel coil, fob mill US, $/cwt
Quality: ASTM A653 Commercial Steel and corresponding grades. 0.03-0.13 in thick x 48-72 in wide
Location: fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau
Unit: US dollars per hundredweight
Quantity: Minimum 50 tons
Publication: Weekly, Thursday
Notes: Raw material surcharges included. Standard packaging.

Steel hot-dipped galvanized (cold-rolled coil base) steel coil, fob mill US, $/cwt
Quality: ASTM A653 Commercial Steel and corresponding grades. 0.03-0.13 in thick x 48-72 in wide
Location: fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau
Unit: US dollars per hundredweight
Quantity: Minimum 50 tons
Publication: Weekly, Thursday
Notes: Raw material surcharges included. Standard packaging.

Due to market activity and interest, effective on October 1 and Friday October 2, Fastmarkets will implement the following specification changes to its cold-rolled coil, hot-dipped galvanized sheet, cut-to-length plate and coiled plate assessments:

  • Steel cold-rolled coil: Change location to fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau. Change minimum quantity to 50 tons. 
  • Steel hot-dipped galvanized (base): Change location to fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau. Change minimum quantity to 50 tons. Separate prices for steel hot-dipped galvanized (hot-rolled coil base) and steel hot-dipped galvanized (cold-rolled coil base).
  • Steel cut-to-length plate: Change location to fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau. Change minimum quantity to 50 tons.
  • Steel coiled plate: Change location to fob US mill, excluding Pacific states (Washington, Oregon, California, Alaska and Hawaii) as defined by the US Census Bureau. Change minimum quantity to 50 tons.
To provide feedback on these amendments, or if you would like to contribute price information by becoming a data submitter to these assessments, please contact Dom Yanchunas at pricing@fastmarkets.com. Please add the subject heading: FAO: Dom Yanchunas, re: Steel sheet, plate amendments.

Fastmarkets has no financial interest in the level or direction of the assessment.

To see all Fastmarkets’ pricing methodology and specification documents, click here.


 

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