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What is TSI North European HRC EXW Ruhr?
What is TSI North European HRC EXW Ruhr?
Platts TSI North European HRC, Ex-Works Ruhr assessment by S&P Global Commodity Insights is the daily price benchmark for physical hot rolled coil delivered in the Ruhr region, Germany. The assessment reflects Prime Hot Rolled Steel Coils of new manufacture.
Chemical and mechanical tolerances are based on European Norm EN10025-2:2004. Grade: S235JR or equivalent.
Other specifications of HRC are normalized back to this grade using current market extras typically applied in the industry. -
How do we assess TSI North European HRC EXW Ruhr?
How do we assess TSI North European HRC EXW Ruhr?
This value is calculated as a volume-weighted average. This index is also converted into $/mt (STHRM00), using a timestamped assessment of the prevailing foreign exchange rate (EUR-USD) at 4.30 pm UK time
S&P Global Commodity Insights editors engage directly with producers, distributors, traders, brokers, and buyers to gather price information. Platts publishes this information and uses it to assess values. The information gathered through market surveys is considered in the final assessment.
These inputs are published throughout the day, in real-time, in the form of "market heards", to allow Commodity Insights to test the information, which forms the basis of the assessment and for market participants to give feedback on those inputs.
The assessment reflects a minimum quantity of 100 MT, with dimensions of W 1200-1500 mm, T 2.5-8 mm. Other quantities may also be considered but in relation to the assessed quantity range. Commodity Insights considers payment terms of prompt, on delivery.