Fastmarkets proposes to launch a new weekly price assessment for the Pakistan HMS steel scrap import market following feedback indicating that such a price would be of value to market participants, both by itself and in conjunction with Fastmarkets’ existing Pakistan steel scrap prices, which include assessment of the imported shredded steel scrap price, launched in 2020.
This would also complement Fastmarkets’ other regional scrap prices, which include coverage of import scrap prices for India as well as Bangladesh.
Fastmarkets is extending the consultation period in order to ensure that the new assessment is launched with the most appropriate specifications.
The proposed specifications are as follows:
Steel scrap HMS, import, cfr Port Qasim, Pakistan, $ per tonne
: Unprocessed HMS 1&2 (90:10 mix), HMS 1 - no GI, no CI, no autoparts
Minimum 100 tonnes (containerized)
Middle East only
cfr Port Qasim
USD per tonne
Letter of credit
Weekly; Friday, 4:00 pm London time
Exclusive of import tax
The extension to the consultation period for this proposed launch starts on December 17 and the consultation will now end on January 17. The launch will then take place, subject to market feedback, on January 21.
To provide feedback on this proposed launch, or if you would like to provide price information by becoming a data submitter to this price, please contact Ross Yeo by email at firstname.lastname@example.org
. Please add the subject heading ‘FAO: Ross Yeo re: Pakistan HMS.’
To see all Fastmarkets’ pricing methodology and specification documents, go to: https://www.fastmarkets.com/about-us/methodology