Final decision on open consultation on methodology for US pig iron import assessment

Fastmarkets invited feedback from the industry on the pricing methodology for its MB-IRO-0004 pig iron import, cfr Gulf of Mexico, US assessment, via an open consultation process between May 24 and June 24, 2024. This consultation was done as part of our annual methodology review process.

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

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.

You can find the current methodology for the US pig iron import assessment here: https://www.fastmarkets.com/methodology/metals/ferrous.

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

What to read next
The publication of Fastmarkets’ arsenic 99% min As, in-whs Rotterdam, rhenium APR catalytic grade, in-whs dup Rotterdam, rhenium metal pellets 99.9% Re min, in-whs dup and hafnium, max 1% Zr, in-whs global locations, $/kg price assessments for Friday January 10, 2025 were delayed because of a reporter error. Fastmarkets’ pricing database has been updated.
Five factors shaping the coking coal market: China, India, geopolitics, and their global trade impact by 2025
2025 global steel market preview: 10 key themes shaping steel and ferro-alloys, from growth to decarbonization and protectionism.
Fastmarkets has corrected its assessment of AG-SYB-0066 Soymeal, Hi Pro, fob Central Illinois, $/tonne, which was published incorrectly on December 18, 2024.
Here are the key takeaways from market participants on US ferrous scrap metal prices, market confidence, inventory and more from our January survey.
This adjustment aims to better align the publication with the operational hours of the Chinese market, ensuring domestic market participants have timely access to the prices. Additionally, because the Chinese lithium assessments reflect activity within the local market, this amendment is intended to provide a more efficient and market-relevant pricing for subscribers. The new specifications […]