Metal Bulletin proposes to launch a weekly European hot briquetted iron (HBI) assessment on a cfr Italy basis, $ per tonne.
The European HBI assessment is being launched in response to the growing global HBI market, with Italy being the largest consumer in the spot market.
Proposed specification:
Price: Italian hot-briquetted iron, $ per tonne, cfr Italian ports
Type: Assessed range
Location: cfr Italian ports
Price/unit: USD/tonne
Dimensions: 90-120 x 45-58 x 29-40 mm
Chemical spec: metallization 91- 94%, C 0.8-1.5%, Fe tot 90.2-91.5%, Fe met 81-85.5%
Lot size: 10,000-30,000 tonnes
Payment terms: Against FCR and B/L
Publication: Weekly. Thursday, 2-3pm London time
The consultation period for this proposed launch will end one month from the date of this pricing notice on Friday June 29, with changes taking place, subject to market feedback, from Monday July 2.
Metal Bulletin has no financial interest in the level or direction of the assessment.
To provide feedback on the amendments outlined above, or if you would like to provide price information by becoming a data submitter to the Europe HBI assessment, please contact Marina Shulga by email at: pricing@metalbulletin.com. Please add the subject heading FAO: Marina Shulga, re: Europe HBI import price.
To see all Metal Bulletin's pricing methodology and specification documents go to https://www.metalbulletin.com/prices/pricing-methodology.html