PRICING NOTICE: Proposal to amend location of Indian domestic flat products

Fastmarkets proposes changes to the locations of four Indian flat steel price assessments products from ex-works India to ex-yard Mumbai.

The products include:
MB-STE-0436-Steel hot-rolled coil domestic, exw India, rupees/tonne
MB-STE-0437-Steel heavy plate domestic, exw India, rupees/tonne
MB-STE-0435-Steel cold-rolled coil domestic, exw India, rupees/tonne
MB-STE-0434-Steel hot-dipped galvanized coil domestic, exw India, rupees/tonne
 
Fastmarkets believes changing the location to ex-yard Mumbai for the aforementioned flat steel products will provide a more standardized price and will also better reflect the domestic Indian market dynamics and sentiment.
The consultation period for this proposed amendment starts on Wednesday July 22 and will end on Friday August 21. The amendment will take place, subject to market feedback, on Monday July 24.
To provide feedback on India domestic flat steel price assessments, or if you would like to provide price information by becoming a data submitter, please contact Suresh Nair or Paul Lim by email at pricing@fastmarkets.com. Please add the subject heading ‘FAO: Suresh Nair/Paul Lim re: Indian domestic flat steel price assessments.’
To see all Fastmarkets’ pricing methodology and specification documents, go to www.fastmarkets.com/about-us/methodology.

Suresh Nair

Paul Lim

paul.lim@fastmarkets.com

Published

Suresh Nair

Paul Lim

July 21, 2020

13:38 GMT

Mumbai, Singapore