SUBSCRIBER NOTE: Platts proposes to launch steel rebar forward curve

S&P Global Platts proposes to publish a daily forward curve of financial swaps whose settlement index is the Platts Steel Rebar FOB Turkey price assessment, by September 2, 2019.

Data Collection: In order to assess the swap month, Platts would use information reported by active market participants' reported trade information and brokers' forward curves.

The curve would be looking three months ahead, starting with the current month i.e. M0, M1, M2 and M3.

Platts would assess the current month (M0) value until liquidity moves on to the front month strip.

The swap assessments would reflect value at 4:30 pm London time.

Swaps bids/offers and trades would be reported in real-time throughout the day on Platts electronic information service, Platts Metals Alert (PMA), along with other relevant market information and the information published used to inform the physical assessment of rebar, FOB Turkey.

Please submit any feedback, comments or questions about this proposal to: ferrous_emea@spglobal.com and pricegroup@spglobal.com by July 19.

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.