08 Mar 2022 | 05:33 UTC

S&P Global proposes to publish only midpoints for Asian steel and scrap assessments

S&P Global Commodity Insights is proposing to publish only the midpoints of all its Asian steel and scrap price assessments in order to focus on the assessment close value, with effect from June 1, 2022.

Under this proposal, high and low price points would be discontinued (symbol high bate and low bate). For most of the assessments in question, the published high and low values are already identical to the midpoint (close bate).

The proposal seeks to simplify assessment data points amid growing interest in Platts Asia steel and scrap assessments.

The proposed changes would affect the following assessments and list prices:

Assessment
Symbol
HRC Domestic Shanghai
SB01260
HRC FOB China SS400
STHRZ02
HRC FOB China SAE1006
STHSA00
HRC CFR Southeast Asia
SB01142
CRC Domestic Shanghai
SB01082
CRC FOB Shanghai
SB01083
CRC CFR East Asia
SB01084
HDG Domestic Shanghai
SB01118
HDG FOB Shanghai
SB01119
Plate Domestic Shanghai
SB01178
Plate FOB Shanghai
SB01180
Slab CFR Southeast Asia
SB01235
Billet Domestic Tangshan
SB01032
Billet CFR Southeast Asia
SB01035
Rebar Domestic Beijing
SB01198
Rebar Domestic ex-works Jiangsu
SB01259
Rebar FOB China
STCBZ02
Rebar CFR Southeast Asia
SB01195
Wire rod Domestic Shanghai
SB01262
Wire rod FOB Shanghai
SB01261
H-Beam CFR Southeast Asia
SB01114
Stainless CR304 2B 2mm CFR E Asia
SB01063
Stainless CR304 2B 2mm Domestic Foshan
SB01058
HMS 80:20 I/II CFR East Asia
SB01130
H2 Ferrous Scrap FOB Japan
AAXWB04
Scrap Domestic Jiangsu
SB01129
HRC Japan Domestic (Tokyo Steel)
SB01153
Rebar Japan Domestic (Tokyo Steel)
SB01205
H-Beam Japan Domestic (Tokyo Steel)
SB01115
H2 Scrap Tokyo Steel Delivered Okayama
SB01109
H2 Scrap Tokyo Steel Delivered Utsunomiya
SB01110
Shindachi Bara New Cut Unpressed Tokyo Steel Purchase Price Delivered Okayama
SBMAN03
Shindachi Bara New Cut Unpressed Tokyo Steel Purchase Price Delivered Utsunomiya
SBMAO03
Shredded Scrap Auto Tokyo Steel Purchase Price Delivered Okayama
SBMAP03
Shredded Scrap Auto Tokyo Steel Purchase Price Delivered Utsunomiya
SBMAQ03

All currency conversions and monthly average symbols associated with the above assessments would also be published as midpoints only.

The assessments appear in Platts Steel Alert, Platts Price Analyzer, Platts Steel Price Report, SBB Daily Briefing, SBB Steel Markets Daily and Platts Market Data categories SQ and ST. S&P Global Commodity Insights invites feedback on this proposal to pl_asia_steel@spglobal.com and pricegroup@platts.com by March 22.

For written comments, please provide a clear indication if comments are not intended for publication by S&P Global Commodity Insights for public viewing. S&P Global Commodity Insights will consider all comments received and will make comments not marked as confidential available upon request.