SUBSCRIBER NOTE: Platts to publish global scrap and iron ore ratios

Platts has decided to publish global scrap and iron ore ratios, reflecting the ratio between ferrous scrap of various grades in Turkey and the United States against benchmark iron ore prices.

The ratios that will 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.

These ratio price series will be constructed using the following assessments and indices:

Platts shredded delivered Midwest US assessment (FEMWD00) versus the TSI Iron Ore Fines 62% CFR North China index (TS01021)

TSI HMS I/II 80:20 Turkish imports index (TS01011) versus the TSI Iron Ore Fines 62% CFR North China index (TS01021)

Please provide feedback or submit questions to nicholas.tolomeo@spglobal.com, hector.forster@spglobal.com and pricemethodology@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.