Platts to change frequency, specifications of Asia steel billet price assessments

Following industry consultation, S&P Global Platts will change the frequency and specifications of its steel billet prices in Asia from May 1, 2020.

CFR SOUTHEAST ASIA: Platts will increase the frequency of the Billet CFR Southeast Asia (SB01035) assessment to daily from weekly on Fridays currently to reflect the increase in spot trading. Underlying specifications will remain unchanged. The assessment is published according to the Singapore holiday schedule.

EX-STOCK TANGSHAN: Platts will clarify the quality and quantity specifications of the Tangshan Billet (SB01032) price assessment as Q235 and 500 mt respectively. Platts will change the publication schedule for the assessment to that following the China holiday schedule from the current Singapore holiday schedule, in line with the other China domestic steel assessments published.

The affected prices are published in Platts Steel Price Report, fixed page PMA1215 of Platts Metals Alert, Platts Price Analyzer and in the Platts Market Data category SQ (Metals: Steel Asia).

Please send all feedback, queries and comments to pl_asia_steel@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.