Subscriber note: new EU export rebar assessment

Following a period of industry feedback, Platts has made a final decision to launch on July 5 a new weekly assessment covering the European export of steel reinforcing bar. The Platts FOB Europe (Mediterranean) rebar assessment will reflect the euro value of 12-16 mm rebar normalized to an FOB Mediterranean port basis. Trade in other regions can be freight-normalized to enable an implied comparative delivery in the Med region. Platts is proposing to normalize this assessment to a lead time for the shipment of goods of 4-8 weeks and a minimum export quantity of 500 mt. This weekly assessment will occur on the Friday of each week, with the exception of UK public holidays, when it will be assessed on the nearest preceding business day. Any further feedback or questions may be addressed to Emanuele.Norsa@platts.com, Annalisa.Villa@platts.com and cc: to pricegroup@platts.com