Platts proposes to publish FOB China rebar, square bar prices as calculated assessments

S&P Global Platts is proposing to change its price assessments for FOB China rebar and square bar into calculated assessments with effect from Dec. 6, 2021.

The proposal arises from changes to market conditions, which have led to a decline in the volume of Chinese exports of rebar and square bar.

The FOB China rebar assessment is published daily under the symbol STCBZ02, and the FOB China square bar assessment is published daily under STSBF00.

It is proposed that the calculations would be based on Platts China domestic price assessments for rebar in Beijing and Jiangsu, and billet in Tangshan, respectively.

The calculations would consider VAT, inland transportation costs, port charges, foreign exchange rates and quality and time spreads.

The assessments appear in Platts Steel Alert on pages 1215, SBB Daily Briefing, Platts Price Analyze and Platts Market Data Category SQ.

Please send any feedback, comments or questions to pl_asia_steel@spglobal.com and pricegroup@platts.com by Nov. 5.

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.