Platts seeks comments on steel differentials

As part of its comprehensive daily reporting of steel markets, Platts intends to expand coverage of exchange-traded futures contracts. Platts is now soliciting comments regarding its steel price assessments and using them to assess differentials to exchange futures prices.

Initially, for example, Platts intends to publish the differential (spread) between its existing Eastern Mediterranean rebar price assessment (STCBM00) and the London Metal Exchange's daily cash Mediterranean steel billet price. Other Platts assessments to price spread differentials are also being considered, and Platts is open to suggestions.

Subscribers and market participants are invited to submit by May 22 any comments or inquiries to Francis Browne, +44 20 7176 6239; francis_browne@platts.com; and pricegroup@platts.com.