The proposal to amend the index from weekly to daily, which was originally published on September 3
, will enable Fastmarkets AMM to better reflect market activity in this ongoing period of unprecedented steel volatility
The proposed specification will be as follows:
US Midwest Hot-Rolled Coil Index
Price type: Index
Gauge: 0.09 inch-0.38 inch thick x 48-72 inches wide
Quality: ASTM A1011 Commercial Steel and corresponding grades
Quantity: Minimum 50 tons
Location: fob US Midwest mill, normalized
Unit: US dollars per hundredweight
Frequency: Daily, by 5pm New York
Notes: Standard packing, raw materials surcharges included
To provide feedback on this index or if you would like to provide price information by becoming a data submitter, contact Fastmarkets AMM steel correspondent Michael Cowden by email at email@example.com
. Please add the subject heading FAO: Michael Cowden, re: US Midwest Hot-Rolled Coil Index.
Fastmarkets AMM has no financial interest in the level or direction of the index.
To see all Fastmarkets AMM’s pricing methodology and specification documents, click here