Proposed daily DDP assessments for European flat-rolled steel

Platts-SBB proposes to increase its European flat rolled steel market coverage with a proposed launch in July of a daily delivered duty paid (DDP) price assessment for hot-rolled and cold-rolled coils. The assessments are intended to reflect the value of prime flat rolled steel products traded ex-stock (from mill, port or service center/trader) in the Northern European market.

Trade in other regions can be freight-normalized to enable an implied comparative delivery in the Rhine-Ruhr region. Specifications and grades* already used for current Platts-SBB EXW basis assessments and CFR import assessments will be used as the standards for normalization, using prevailing domestic mills extras.

Platts-SBB proposes to launch these new assessments on July 5, 2012. The assessments would be published in various metals group publications. Platts invites feedback about this proposal by June 7, 2012. Please contact: joseph_innace@platts.com, emanuele_norsa@platts.com and copy pricegroup@platts.com.

*Current EU flat steel methodology and specification guide: http://www.platts.com/IM.Platts.Content/MethodologyReferences/MethodologySpe cs/steel.pdf