Metals & Mining Theme, Ferrous, Non-Ferrous

March 03, 2025

Platts to align long tons to metric tons conversion rate for three US Scrap assessments

Platts, part of S&P Global Commodity Insights, will update the long tons (lt) to metric tons (mt) conversion rate used for the US Scrap to Iron Ore daily ratio, Shredded Scrap Delivered US Midwest and #1 Busheling Scrap Delivered US Midwest Lt to Mt conversions, effective April 1, 2025.

This update will align the calculations with the 5 decimal place conversion factor of 1.01605 published in the S&P Global Commodity Insights Conversion base rates guide.

The conversion guide can be found here:

https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/conversiontables/conversion_factors.pdf(opens in a new tab).

The affected assessments will be:

Assessment Unit of measure Unit of measure
US Scrap Iron Ore Daily Ratio Long Ton to Metric Ton AATIV00
Platts TSI Shredded Scrap Delivered US Midwest Long Ton to Metric Ton FEMXD00
#1 Busheling Scrap N Amer Dom Prod Dlvd Mill Long Ton to Metric Ton SBO1001

The US Scrap to Iron Ore ratio is published in the Platts price database, fixed pages STL1318, MTL1318 and Steel Markets Daily. The Platts Shredded Scrap Delivered US Midwest and #1 Busheling Scrap N America Delivered Mill $/mt conversions are published in the Platts price database.

Please send feedback, comments, or questions to MetalsAmericas@spglobal.com and pricegroup@spglobal.com.

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