Final decision on open consultation on methodology for US CRC, HDG, plate

Fastmarkets invited feedback from the industry on the pricing methodology for its MB-STE-0185 steel cold-rolled coil, fob mill US, $/cwt; MB-STE-0186 steel hot-dipped galvanized coil (cold-rolled base), fob mill US, $/cwt; and MB-STE-0172 steel cut-to-length plate carbon grade, fob mill US, $/cwt between April 10 and May 10, 2024. This consultation was done as part of our published annual methodology review process.

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No feedback was received during the consultation period, therefore no changes will be made to the methodologies at this stage.

This notice of the decision was delayed past its original May 17 schedule.

This consultation sought to ensure that our methodologies continue to reflect the physical market under indexation, in compliance with the International Organization of Securities Commissions (IOSCO) principles for Price Reporting Agencies (PRAs). This includes all elements of our pricing process, our price specifications and publication frequency.

The current methodology for the above prices can be found here: https://www.fastmarkets.com/methodology/metals/steel/

To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.

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