Fastmarkets has amended the publication date of its Brazilian domestic steel price assessments, ex-works Brazil, reais per tonne, following market feedback.
The publication of the Brazilian domestic flat steel and rebar price assessments has moved from the first Friday of each month to the second Friday of each month, allowing Fastmarkets to capture price changes more quickly and accurately.
The next pricing assessment will take place on Friday February 14.
After receiving feedback from market participants
during the one-month consultation period, Fastmarkets found evidence that changes in the Brazilian domestic market would be more efficiently captured in the second week of each month.
Participants in the Brazilian steel market have reported that, although price moves are made effective during the first few days of each month, their outcome is usually only known by the second week of the month.
The change affects the following Fastmarkets' prices:
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MB-STE-0007 - Steel hot-rolled coil domestic monthly, exw Brazil, reais/tonne-
MB-STE-0005 - Steel cold-rolled coil domestic monthly, exw Brazil, reais/tonne-
MB-STE-0006 - Steel hot-dipped galvanized coil domestic monthly, exw Brazil, reais/tonne-
MB-STE-0008 - Steel reinforcing bar (rebar) domestic monthly, delivered Brazil, reais/tonneAll historical data relating to these prices prior to the amendment will remain available in the pricing section of the Fastmarkets MB website.
To provide feedback on these prices or if you would like to provide price information by becoming a data submitter to this price, please contact Felipe Peroni and Renato Rost??s by email at:
pricing@fastmarkets.com. Please add the subject heading 'FAO: Felipe Peroni, Renato Rost??s, re: Brazilian domestic steel price assessments'.
To see all Fastmarkets' pricing methodology and specification documents go to
https://www.fastmarkets.com/about-us/methodology.