SUBSCRIBER NOTE: Platts proposes to make Mexico rebar assessment weekly, launch index

Sao Paulo (Platts)--4Jul2018/119 pm EDT/1719 GMT S&P Global Platts proposes to increase the frequency of Mexican domestic rebar assessment to weekly from monthly and to create an index (base 100) off the monthly average of the assessment.

The frequency increase of Mexican domestic rebar assessment (SB01190) from monthly to weekly would start on September 14, 2018 to better capture changes in pricing dynamics.

Informal feedback from market participants in Mexico has indicated support for the creation of an index derived from the existing assessment for ease of contract reference.

This would mean that specifications, volume, location, timing basis and currency for the new index would mirror that of the existing Mexican domestic rebar assessment:

Grade - 42, Norm NMX-C-407 Dimension - D 9.5-15.9 mm, L 12 m Volume ? 500-1,000 mt Location ? DDP Northeast Lead Time - 2-4 weeks Payment terms - Net 30 days after delivery Currency - Peso/mt

Platts is seeking feedback from industry participants on which date should serve as the 100 base for the index.

Platts invites comments, questions and other feedback on these proposals by July 20, 2018.

Please submit any feedback, comments or questions to adriana.carvalho@spglobal.com and pricegroup@spglobal.com

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.