SUBSCRIBER NOTE: Platts proposes scrap, iron ore ratios

Platts is proposing to calculate and publish global steel scrap and iron ore ratios, reflecting the ratio between ferrous scrap of various grades in Asia, Turkey and the US against benchmark iron ore prices. The ratios proposed for launch on July 1, 2016, are set to be published in Steel Markets Daily, and Platts Metals Alert. All the scrap ratios will be calculated against 62% Fe iron ore prices on a CFR China basis. All scrap assessments used will be converted to metric tons and scrap and iron ore prices will be adjusted for iron units to an equivalent basis. Platts is soliciting feedback on the proposed ratios through May 13, 2016. Please provide feedback or submit questions to nicholas.tolomeo@platts.com, hector.forster@platts.com and pricemethodology@platts.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.