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Launch of US rebar to heavy melting scrap differential

2 weeks ago | fastmarkets.com | Amy Jane Hinton |Dan Hilliard

This strategic launch is intended to offer the market a single reference price denoting the differential between US Midwest rebar and heavy melting-grade scrap, a key component in the production of that grade. Details of the previous launches can be found via this link. The methodology specification for this differential is:MB-STE-0930 Steel reinforcing bar (rebar), differential to No1 heavy melt Chicago, fob mill US, $ per gross tonQuality: Grade 60, No5.
Launch of Fastmarkets’ steel to scrap, raw materials differentials

2 weeks ago | fastmarkets.com | Amy Jane Hinton |Dan Hilliard

This strategic launch is designed to offer the market a single reference price denoting the differential between hot-rolled steel products and the key benchmark scrap and raw materials composite in the production of those grades. The methodology grades for these differentials are as follows:MB-STE-0928 Steel hot-rolled coil index, differential to No1 busheling Chicago, fob mill US Midwest, $/gross tonQuality: ASTM A1011 Commercial Steel and corresponding grades.
Publication of Fastmarkets' steel scrap No1 busheling, delivered mill Chicago assessment on Thursday June 5

3 weeks ago | fastmarkets.com | Amy Jane Hinton

Ferrous scrap Pricing notice Scrap and secondary United States MB-STE-0232 steel scrap No1 busheling, consumer buying price, delivered mill Chicago, $/gross ton is part of the Fastmarkets scrap package. For more information on our North America Ferrous Scrap methodology and specifications please click here. To get in touch about access to this price assessment, please contact [email protected]....
Seaborne iron ore price up amid increased trading

3 weeks ago | fastmarkets.com | Alice Li

Seaborne iron ore prices edged higher on Wednesday June 4 amid increased trading of mid-grade fines in both the primary and secondary markets. Sources told Fastmarkets about this trend. The most-traded September iron ore futures contract on the Dalian Commodity Exchange (DCE) fluctuated over the day. It closed at 704.50 yuan ($98) per tonne, up by 1.3% from the previous closing price of 695.50 yuan per tonne.
Correction to alumina index inferred, fob Indonesia

3 weeks ago | fastmarkets.com | James McKeigue

The assessment for MB-ALU-0019 alumina inferred, fob Indonesia, $/tonne was published in error as $356.44 per tonne. This has now been corrected to $374.44 per tonne. Fastmarkets’ pricing database has been updated to reflect this change. This price is part of the Fastmarkets base metals package.
Amendment to European steel plate price assessments: pricing notice

3 weeks ago | fastmarkets.com | Holly Chant

After a month-long consultation period, Fastmarkets has amended the publication day of its weekly European steel domestic plate and import plate assessments from Wednesday to Thursday, to better align with related markets.
Correction to alumina index, fob Australia, plus derived prices, on June 2/3: pricing notice

3 weeks ago | fastmarkets.com | James McKeigue

Fastmarkets has corrected its fob Australia alumina index, which was published incorrectly on Monday June 2 and Tuesday June 3 due to a back-end calculation error. Fastmarkets has also corrected all the related inferred indices. On June 2 the following prices were published incorrectly:Fastmarkets’ MB-ALU-0002 Alumina index, fob Australia, was published in error as $375.59 per tonne. This has now been corrected to $366.37 per tonne.
Launch of Fastmarkets Mexican non-ferrous scrap, alloys prices

3 weeks ago | fastmarkets.com | Amy Jane Hinton

This strategic launch comes after an extensive period of targeted market engagement and overwhelming feedback that a separation in US and Mexican pricing was facilitating demand for Mexican domestic assessments for non-ferrous secondary material, taking advantage of Fastmarkets’ decade-long position of primacy in Mexican domestic ferrous scrap pricing.
Decision to suspend amendment of Fastmarkets’ iron ore 62% Fe fines index name, specifications

3 weeks ago | fastmarkets.com | Alice Li

Fastmarkets has decided not to proceed with the proposed amendment to the name and specifications of the MB-IRO-0008 iron ore 62% Fe fines cfr Qingdao index. After a consultation period, Fastmarkets has determined that current circumstances do not make the proposed amendments to the index viable. Fastmarkets reserves the right to start a fresh consultation on amending the index in future should circumstances change.
Correction to monthly April Palm Oil averages

4 weeks ago | fastmarkets.com | Justin Yang

The affected prices are as follows:AG-PLM-0008: Crude palm oil, domestic Malaysia, ringgit/tonneAG-PLM-0009: Crude Palm Oil FOB Malaysia $/mtAG-PLM-0011: Crude palm oil, fob Indonesia, $/tonneAG-PLM-0012: Refined bleached deodorised (RBD) palm olein, fob Indonesia, $/tonneAG-PLM-0013: Crude palm oil, cfr west coast India, $/tonneAG-PLM-0014: Crude palm oil, cfr east coast India, $/tonneThese prices are part of Fastmarkets’ Agriculture Oils, Fats and Biofuels pricing packages.