After a one-month consultation, which closed on Friday April 25, along with data examination, Fastmarkets will change the incoterm from ex-works (EXW) to Carriage Paid To (CPT).
The amendment will enable Fastmarkets to better reflect the state of the rebar spot market in Poland because most domestic producers offer CPT prices.
The changes to the specification will be as follows:
MB-STE-0092 Steel reinforcing bar (rebar) domestic, cpt Poland, zloty/tonne
Quality: Diameter 12mm B500B
Quantity: 25-1,000 tonnes
Location: CPT Poland
Timing: Up to 6 weeks
Unit: PLN/tonne
Publication: Weekly. Friday, 2-3 pm London time
This price is a part of the Fastmarkets steel physicals price package.
To provide feedback on this price assessment or if you would like to provide price information by becoming a data submitter, please contact Darina Kahramanova by email at: pricing@fastmarkets.com. Please add the subject heading “FAO: Darina Kahramanova, re: Polish rebar price assessment.”
Please indicate if the comments are confidential. Fastmarkets will consider all comments received and will make comments not marked as confidential available upon request.
To see all Fastmarkets pricing methodology and specification documents, go to https://www.fastmarkets.com/methodology.
