Platts corrects March 1 EMEA ferrous discontinuation proposal

S&P Global Platts proposes to discontinue SB01162 Medium Sections FOB Turkey, which was previously incorrectly stated as SB01160 Medium Sections Europe Dom Prod Delivered, which is not part of the proposal.

Platts updates the time line and proposes to discontinue certain EMEA ferrous assessments from July 15, 2021, due to lack of liquidity in the market.

The correct list of monthly assessments proposed to discontinue is:

SB01146 HRC CFR Persian Gulf Port Import

SB01186 Plate EXW Turkey

SB01162 Medium Sections FOB Turkey*

SB01166 Merchant Bar Domestic Europe

SB01200 Rebar Mid East Dom Prod Ex-Works

SB01179 Plate FOB CIS Export

SB01255 Welded pipe FOB Turkey Export

Weekly assessments proposed for discontinuation:

AAXJH00 HR sheet CPT Moscow

STPRA00 Plate CIF Antwerp

AAXFB04 Rebar FOB South Europe

Additionally, Platts also proposes to change the publication day of certain ferrous assessments to harmonize the publishing schedule with related assessments.

Platts proposes to change the publication day of the following weekly prices from Friday to Wednesday:

AAXJG00 Rebar CPT Moscow

AAXJI00 HRC CPT Moscow

STCBE00 Rebar EXW Northwest Europe

The assessments are published on a monthly/weekly basis and can be found in the Steel Business Briefing, Platts Market Center, in the Platts price database and Platts Metals Alerts.

Platts invites market participants to submit feedback on this proposal by April 22, 2021.

For questions or comments, please email ferrous_emea@spglobal.com or pricegroup@spglobal.com.