SUBSCRIBER NOTE: Platts clarifies CFR Turkey ferrous scrap assessment process

S&P Global Platts wishes to clarify the methodology for its daily CFR Turkey heavy melting scrap I/II (80/20) assessment process.

Platts assesses "premium" or high-grade HMS I/II (80/20) as its base specification, to which all other forms of HMS are normalized. Normalizations for other grades to this base specification alter depending on observed market differentials, which are tested as part of the assessment process.

Please send any feedback to Colin Richardson, colin.richardson@spglobal.com; Simon Price, simon.price@spglobal.com and pricemethodology@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.