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The proposed amendment to the quantity of slab cargoes to be assessed is made in response to changing market conditions. This will enable Fastmarkets to take more cargoes into consideration when making the weekly price assessment.
The full specifications, once the proposed amendment is made, will be as follows:
Assessment: Steel slab import, cfr Southeast Asia/East Asia, $/tonne Dimensions: Width 750-2,100mm, thickness 200-260mm Quantity: 10,000-80,000 tonnes Location: cfr Southeast Asia/East Asia Timing: 6-12 weeks Unit: US$/tonne Payment terms: Prompt payment upon delivery Publication: Every Monday, 5-6pm Singapore time
The consultation period for this proposed amendment will end one month from the date of this pricing notice, on August 22. Subject to market feedback, changes will take place from August 26.
To provide feedback on this price or if you would like to provide price information by becoming a data submitter to this price, please contact Lee Ken Kiat by email at: pricing@fastmarkets.com. Please add the subject heading ‘FAO: Lee Ken Kiat, re: steel slab import, cfr Southeast Asia/East Asia, $/tonne.’
To see all Fastmarkets’ pricing methodology and specification documents go to https://www.metalbulletin.com/ prices/pricing-methodology.html.