The assessment will be made on a cfr eastern China ports basis. Price points for other ports in mainland China obtained directly from active market participants will be normalized to a cfr eastern China basis.
The specifications for the proposed assessment are as follows:
Steel billet, import, cfr China, $/tonne
120x120mm to 150x150mm, length 12m, 3sp grade
cfr eastern China ports (normalized for other mainland Chinese sea ports)
$ per tonne
Letter of credit on sight
Weekly, Friday, 5-6pm Shanghai time
If you would like to provide price information by becoming a data submitter to Fastmarkets’ steel billet pricing, please contact Jessica Zong or Lee Allen by email at: firstname.lastname@example.org. Please add the subject heading “FAO: Jessica Zong/Lee Allen, re: China steel billet price.”
To see all of Fastmarkets’ pricing methodology and specification documents, go to https://www.fastmarkets.com/about-us/methodology.