Vlada Novokreshchenova

1 week ago | fastmarkets.com | Vlada Novokreshchenova

MB-STE-0926 Green steel, differential to steel reinforcing bar (rebar) domestic, delivered Northern Europe, €/tonne was initially incorrectly input within the range of €30-40 per tonne. The correct differential is €20-40 per tonne. MB-STE-0925 Green steel base price, reinforcing bar (rebar) domestic, delivered Northern Europe, inferred, €/tonne was incorrectly input at €685-720 per tonne. The correct inferred price is €675-720 per tonne.

2 weeks ago | fastmarkets.com | Vlada Novokreshchenova |Marina Shulga

In order to better reflect the material traded in the market, Fastmarkets proposes to reduce the range of specified widths to 1,500-2,500mm from 1,000-2,500mm. The publication day of the assessment will also be changed from Friday to Thursday.

1 month ago | fastmarkets.com | Vlada Novokreshchenova

The introduction of two new green longs prices will further enhance Fastmarkets’ global green steel coverage, providing a critical reference point for European steel producers and international suppliers aiming to sell green steel in Europe. The Northen European market, particularly Nordic countries, are key consumers of green steel in Europe, hence the new premium and the inferred price will be targeted at this region.

2 months ago | fastmarkets.com | Vlada Novokreshchenova

Fastmarkets has reduced the frequency of publication of its steel billet index export, fob Black Sea, CIS, due to lower market liquidity. The change follows a month-long consultation period with most feedback supporting the decision. The proposal was published on February 6 and the consultation ended on March 6.

Feb 6, 2025 | fastmarkets.com | Vlada Novokreshchenova

The amendment would decrease publishing frequency to twice per week from daily, to reflect lower market liquidity following Russia’s invasion of Ukraine in 2022 and resulting in Western sanctions against Russia that led to lower export sales volumes from the country. This is also while the effect of the war has resulted in lower sales from Ukraine.