Platts proposes to launch European high-carbon ferromanganese assessment

S&P Global Platts proposes to launch a new bulk ferroalloy assessment in Europe to complement its existing coverage.

The new price will reflect the European high-carbon ferromanganese market.

The proposed new assessment, announced on May 25, reflects the demand from market participants for Platts to cover this well-established market.

If supported, the proposed changes would come into effect July 16.

The new price would reflect high-carbon ferromanganese in minimum four truckload parcels, delivered to customers in Northwest Europe within four weeks on net-30 day payment terms.

The assessment will be published every Wednesday, in line with the proposed day of all of Platts Bulk Ferroalloy assessments.

The new assessments will follow Platts' Market On Close methodology principles, which are described here https://www.spglobal.com/platts/plattscontent/_assets/_files/en/our-methodology/methodology-specifications/platts-assessments-methodology-guide.pdf.

The table below illustrates the specifications of the new assessment, formulated following extensive market feedback.

Platts welcomes feedback on the proposed changes and all other aspects of its bulk ferroalloy methodology in Europe. Please submit any feedback, comments or questions about this proposal to EMEAMetalsTeam@spglobal.com and pricegroup@spglobal.com by June 18. 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.