SUBSCRIBER NOTE: Platts proposes to change volume assessed for Turkey FOB rebar

S&P Global Platts proposes to change the transaction size of its rebar FOB Turkey daily assessment, effective from December 3, 2018.

Platts proposes to change the assessed quantity to 5,000-10,000 mt, from the current 2,000-3,000 mt.

In the assessment process, Platts would consider trades from 3,000-60,000 mt normalized to Platts base standards.

Platts seeks market feedback on its proposal by October 31.

Platts is proposing this change as a result of market dynamics with trading evolving to larger rebar cargo volumes being traded.

Data collection:

In order to assess Turkish rebar exports, Platts would continue to collect a wide variety of transactional and market information through a survey of industry participants, which typically includes, but is not limited to, communicating with sources via phone, email, and instant messaging.

This subscriber note relates to Platts Rebar FOB Turkey assessment with the associated market data code: STCBM00

Please submit any feedback, comments or questions about this proposal to longsteel_europe@spglobal.com & pricemethodology@spglobal.com by October 31.

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.