SUBSCRIBER NOTE: Platts to change frequencies of some EMEA steel assessments

S&P Global Platts is to decrease the frequency of its HRC and CRC FOB Black Sea assessments to weekly from daily, while also decreasing the frequency of its Shredded Scrap South Europe assessment to monthly from weekly.

Platts will also change the weekly assessment dates to Wednesday from Friday for its Black Sea Slab and Medium Sections DDP Europe assessments.

The changes will come into effect on March 6, 2019.

Platts has engaged with market participants on this since December 18 and will make the changes as a result of changing market dynamics and having received positive feedback on the initial proposal.

Details of the assessments changing frequency to weekly from daily; -- HRC FOB Black Sea, code: STHRB00 -- CRC FOB Black Sea, code: STRRB00

The last daily assessment will be Thursday, February 28.

Platts will start the new weekly assessments on Wednesday, March 6.

Details of the assessment changing frequency to monthly from weekly: -- Shredded Scrap S. Europe, code: SB01229

The last weekly assessment will be Friday, March 1.

Platts will start the new monthly assessments on every 10th of the month or closest working day to the 10th, starting Monday, March 11.

Details of the assessments changing to Wednesday from Friday: -- Slab FOB Black Sea, code: SB01233 -- Medium Sections DDP Europe, code: SB01160

The last weekly assessment to be made on a Friday will be on March 1, with the new weekly Wednesday assessment starting on March 6.

Upon reviewing the feedback received, the Platts Rebar EXW NW Europe assessment will remain weekly.

Please submit any feedback, comments or questions about this subscriber note to Christopher.Davis@spglobal.com and pricegroup@spglobal.com.

Platts will consider all comments received and will make comments not marked as confidential available upon request.