Platts changes frequency, specifications of Asia steel billet price assessments

Following industry consultation, S&P Global Platts has changed the frequency and specifications of its steel billet prices in Asia from May 4, 2020.

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

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

The above prices are published in Platts Steel Price Report, fixed pages PMA0795 and PMA1215 of Platts Metals Alert, Platts Price Analyzer and Platts Market Data under the category SQ (Metals: Steel Asia).

PMA fixed page PMA0799, which used to house the daily Asia rebar market commentary, has been repurposed to contain commentary on both Asia rebar and billet as related markets. The existing Asia billet commentary page on PMA0798 will continue to carry an overview of the week's market activity when published Fridays.

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.