SUBSCRIBER NOTE: Platts starts using TSI CFR Turkey Scrap in Turkey ARC

Following a period of industry feedback, Platts has started using TSI (The Steel Index) CFR Turkey Scrap prices as an input in the Turkey ARC model, which tracks spreads between regional steel and scrap prices and publishes daily relative strength indexes.

TSI is a specialist independent pricing unit owned by Platts.

The TSI HMS 1/2 80:20 Deep-sea Turkey Imports CFR Iskenderun Port assessment (TS01011) replaced Platts CFR Turkey Scrap prices (FETKD00) in the model effective March 1, affecting Turkey ARC data generated.

The move aligns this model with the use of TSI CFR Turkey Scrap in other sector analytics, and with the data's selection in the derivatives market.

The Turkey ARC assessments are published in Platts Metals Alert, Platts SBB-Steel Market Daily, Platts Steel Price Report and Platts Raw Materials Monthly.

The data is also available in Platts Markets Data.

Please provide feedback to Hector Forster, at hector.forster@platts.com and Platts price group at pricegroup@platts.com