SUBSCRIBER NOTE: Platts proposes to assess Turkish scrap swaps forward curve

S&P Global Platts proposes to publish a daily forward curve of swaps whose settlement index is the Platts TSI assessment of Turkish imports of premium heavy melting scrap I/II (80:20) by December 1, 2017.

Platts seeks market feedback on its proposal by November 6, 2017.

Data collection: In order to assess the swap month, Platts would use information reported via exchange screens, active market participants' reported trade information and brokers' forward curves.

The curve would be looking three months ahead, starting with the current month ie, M0, M1, M2 and M3. Platts would assess the current month (M0) value until liquidity moves on to the front month strip.

Please submit any feedback, comments or questions about this proposal to stefan.swanepoel@spglobal.com & pricemethodology@spglobal.com by October 30, 2017.

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