Platts proposes new US stainless cold-rolled sheet assessments

Platts, part of S&P Global Commodity Insights, proposes to launch two new daily stainless cold-rolled coil sheet price assessments for the US, effective Dec. 2, 2024.

The new assessments would complement existing Platts ferrous assessments and reflect growing stainless steel demand from infrastructure, industrial and end-user applications, among others.

The assessments would reflect stainless CRC sheet grades 304 and 316 purchased in minimum 20-st parcels ex-works US domestic mill, with shipment of three to eight weeks.

The new assessments and their specifications would be as follows:

The new daily US stainless CRC price assessments would be timestamped to 3:30 pm ET.

Platts spot price assessments consider market information reported to Platts and published throughout the day, including firm bids and offers, transactions and indications of value.

In the absence of observable spot market activity, Platts may consider other verifiable data reported. Platts observes direct market activity as well as the effect of movements in related markets through spread differentials, for example.

A full description of Platts price assessment methodology can be found here.

Platts invites feedback on the proposed assessment launches, including the minimum volume requirement of 20 st and shipment timing of three to eight weeks.

Please submit any feedback, comments, or questions to MetalsAmericas@spglobal.com and pricegroup@spglobal.com by Oct. 31, 2024.

For written comments, please provide a clear indication if the 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.