SUBSCRIBER NOTE: Platts to launch weekly CIF NOLA pig iron assessment

S&P Global Platts will launch a weekly assessment of US pig iron on February 2, 2018.

The price series will seek to value imported basic pig iron on a CIF New Orleans basis using a market on close approach.

The assessment will reflect all pig iron imported into the US with a maximum phosphorus content of 0.12%.

Platts will use 30,000 mt lots as a base volume, with other quantities also taken into consideration and normalized where necessary to this lot size. The delivery window will be five to 10 weeks from the date of publication.

The assessment will be published as a single value in USD.

The weekly assessment will be made on Fridays or the closest business day in the event of holidays, time stamped at 3:30 pm Eastern time.

Please submit any feedback, comments or questions to Nicholas Tolomeo at nicholas.tolomeo@spglobal.com with a cc to pricemethodology@spglobal.com