Platts clarifies US steel specifications following annual review

As part of its annual review of the ferrous metals specifications guide, S&P Global Platts wishes to clarify certain specification details for its US steel products and ferrous scrap assessments.

HOT-ROLLED COIL: Platts TSI US HRC index (STHRI00) and all its conversions reflect a shipment window of three to eight weeks from the date of publication, while US HRC DDP Houston (STHRG00) import assessment and all its conversions reflect delivery eight to 14 weeks forward.

COLD-ROLLED COIL: Platts TSI US CRC index (STRRI00) and all its conversions reflect a shipment window of four to 12 weeks from the date of publication, while US CRC DDP Houston (STRRG00) import assessment and all its conversions reflect delivery 10-16 weeks forward.

HOT-DIP GALVANIZED COIL: Platts TSI US HDG index (ATSIA00) and US HDG (incl. G90) calculation (SB01123) reflect a shipment window of four to 12 weeks forward. The US HDG DDP Houston import assessment reflects 500-1,500 st clips delivered 12-18 weeks from the date of publication and payment within 30 days after delivery.

PLATE: All US plate prices reflect material conforming to ASTM A36/A36M or equivalent with the following parameters: width to 96 inches, thickness 0.375-2 inches, length to 240 inches. The Platts TSI US plate index (STPRI00) and its conversions reflect shipments four to 12 weeks forward in minimum 20-st clips shipped. The US plate DDP Houston import assessment (STPRG00) and its conversions represent deliveries eight to 14 weeks forward. Platts clarified the names of currency and UOM conversions to align them with the names of the main index and assessment.

SCRAP: All US scrap assessments, indexes and calculations (shredded FEMWD00, 10-day average TS11003, HMS ½ SB01135, plate and structural SB01174, #1 busheling SB01001) on a delivered basis reflect deliveries to the US Midwest mill within 30 days from the date of publication. FOB East Coast scrap assessments (shredded FEECD00 and HMS FEECH00) reflect deliveries five to 45 days forward and payment terms LC at sight. US HMS assessments reflect material conforming to ISRI 200-206 quality; plate and structural assessment - ISRI 231-232 quality, and #1 busheling assessment - ISRI 207 quality.

METALLICS: The US pig iron price (MMPNO04) was specified to be CIF New Orleans with a delivery window of five to 10 weeks. REBAR: US rebar assessments on EXW Southeast (STCBC00) and Midwest (SB01202) bases reflect a shipment window of four to 12 weeks forward, while the DDP Houston assessment (STCBG00) and all its conversions reflect deliveries eight to 14 weeks forward. WIRE ROD: US wire rod mesh quality assessment (SB01249) reflects a shipment window of four to 12 weeks forward. PIPE: The US OCTG ex-works domestic assessment (SB01253) reflects shipments two to eight weeks from the date of publication, while the DDP Houston import assessment (SB01254) reflects deliveries six to 12 weeks forward.

Please submit any feedback, comments or questions about this notice to: PL_Americas_Metal and pricegroup. 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.