Platts to launch MXN.USD foreign exchange rate assessment at São Paulo close

Platts, part of S&P Global Commodity Insights, will launch a new MXN.USD foreign exchange rate assessment timestamped at 4:30 pm São Paulo time, effective May 5, 2023.

The exchange rate will be used to convert Mexican finished steel and aluminum scrap prices assessed in Mexican pesos into US dollars in line with the assessments Latin America timestamp, at the 4:30 pm São Paulo close.

These products are currently converted based on a 1:30 pm Houston close forex rate.

The new forex assessment affects the following converted numbers:

SB01145 HRC Mexico Dom Prod Dlvd Wkly $/mt

SB01086 CRC Mexico Dom Prod Dlvd Wkly $/mt

SB01199 Rebar Mexico Dom Prod Dlvd Wkly $/mt

AAXUA04 Aluminum Scrap Old Cast Dlvd NE Mexico cents/lb Wkly

AAXUB04 Aluminum Scrap Old Sheet Dlvd NE Mexico cents/lb Wkly

AAXUC04 Aluminum Scrap UBC Dlvd NE Mexico cents/lb Wkly

AAXUD04 Aluminum Scrap 6063 New Bare Dlvd NE Mexico cents/lb Wkly

There will be no change to those assessment specifications. Please send any feedback or questions to LatamMetalsteam@spglobal.com and pricegroup@spglobal.com.

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