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02 Apr 2018 | 01:07 UTC — Singapore
S&P Global Platts has created a new, discrete symbol, STHSA00, for its SAE1006 hot-rolled coil FOB China assessment, effective April 2, 2018. Up until now, Platts assessment of SAE1006 HRC was expressed solely as a premium -- HRC SAE1006 Premium FOB China (STHRY00) -- to that of Carbon Steel HRC SS400 China FOB (STHRZ02). For market clarity, Platts has created the new symbol for SAE1006 HRC, meaning that market participants can observe the assessment as an outright price as well. This removes the need for subscribers to add the premium to the SS400 assessment. The new symbol has been backfilled to June 1, 2015, when STHRY00 was first published, by simply adding the premium to the SS400 price assessment. Please send all feedback, queries and comments to keith.tan@spglobal.com and pricegroup@spglobal.com. For written comments, please provide a clear indication if they are not intended for publication by S&P Global Platts for public viewing. S&P Global Platts will consider all comments received and will make those not marked confidential available upon request.