SUBSCRIBER NOTE: Platts launches global scrap, iron ore ratios

Platts has launched global scrap and iron ore ratios, reflecting the ratio between ferrous scrap of various grades in Turkey and the US against benchmark iron ore prices.

The ratios are being published in Steel Markets Daily and on Platts Metals Alert beginning July 1. All the scrap ratios are 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 are being 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)