Platts updates foreign exchange conversion data used for Brazilian steel assessments

Platts, part of S&P Global Commodity Insights, has updated the foreign exchange assessment used to convert the value of Brazilian domestic steel assessments from Brazilian Reals into US dollars, effective Jan. 6, 2023.

Platts first announced this change in a subscriber note published Nov. 25 and available here: https://www.spglobal.com/commodityinsights/en/our-methodology/subscriber-notes/112522-platts-to-update-foreign-exchange-conversion-data-used-for-brazilian-steel-assessments

The Brazilian steel assessments are now converted using Platts US dollar-BRL foreign exchange assessment (USDBR00) time stamped at 4:30 pm Sao Paulo time.

Please send questions and comments to LatAmMetalsteam@spglobal.com and pricegroup@spglobal.com.

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