Platts to define location of S.Europe flat steel assessments and indices as EXW Italy

Following market feedback, S&P Global Platts has decided to define the location basis of its Southern European domestic flat steel assessments and indices as ex-works Italy, effective October 1, 2020.

Platts originally proposed the change on July 14 and a relevant subscriber note can be found here: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/071420-platts-proposes-to-define-s-european-flat-steel-assessments-and-indices-as-ex-works-italy.

Italy is the biggest producer and consumer of flat steel in Southern Europe, and Platts has observed an increased importance of the Italian flat steel market as a driver for the overall region.

Prices from other Southern European regions may be reflected in the assessments and indices after normalization.

The change would involve renaming of the existing assessments and indices as follows:

The description and location basis of all associated conversions and averages will be changed accordingly.

The affected assessments are published on the fixed pages PMA/STL 1200, PMA/STL 1263, PMA/STL 1243 of the Platts real-time service, on Platts Market Center, in the Platts price database and in the Steel Business Briefing.

Please submit any feedback, comments or questions about this proposal to flatsteel_europe@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.

To see this note and others, please go to www.spglobal.com.