SBB US assessments to adopt Platts assessment methodology

On February 8, Platts proposed that all price series for the North American steel and scrap markets be assessed as per methodologies published in the Platts Steel & Ferrous Scrap Methodology and Specifications Guide, effective March 1, 2012.

Editors gathered feedback from both Platts and SBB subscribers, and engaged market participants. In that feedback period (February 8-22), Platts emphasized to the market that previous price histories would not be impacted,

For your review, the Platts current steel/scrap methodology guide can be found at: http://www.platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpe cs/steel.pdf

This applies only to US-North American prices previously published independently by the Steel Business Briefing Group (SBB) and currently published in the price analyzer tool at http://www.steelbb.com, and also used in price stories, market commentaries and tables published in various Platts-SBB publications.

Please note: This does not include any steel prices from TSI (The Steel Index).

Additional market feedback is being sought in some cases where Platts is adopting, adding SBB pricing, or revising specifications based on initial feedback. Pending further review, any methodology changes will be subsequently communicated to the market.

For questions and comments, please contact joseph_innace@platts.com, Christopher_davis@platts.com, or francis_browne@platts.com with a cc to pricegroup@platts.com.