SUBSCRIBER NOTE: Platts proposes to assess weekly Japan H2 ferrous scrap

Platts is soliciting feedback on a proposal to publish a FOB Japan H2 grade ferrous scrap weekly price assessment every Wednesday from January 20, 2016. The assessment would be published on a Yen/metric ton FOB Tokyo Bay basis with a typical trade volume of 5,000 mt, delivery in the next 30-60 days from the date of transaction, payment terms LC at sight and cash against documents. A US$/mt conversion of this price assessment would also be published. The specifications of H2 grade are defined by Japan Ferrous Raw Material s Association as being sized by guillotine shear, gas cutting, heavy construction machines, or others, to be divided, according to thickness, size, and unit weight. Size of thickness: 3mm or = thickness 6mm, width x length or = 500mm x or = 1,200mm, weight or = 1,000kg. Trades for Shindachi grade scrap will be normalized to H2 grade scrap. While the main export destination for H2 scrap is Korea, Platts would reflect the marginal FOB price and will consider in its assessment export trades to other destinations in Asia including Vietnam and Taiwan. Please send all questions and feedback to anna.low@platts.com; yoko.manabe@platts.com and pricegroup@platts.com by November 20, 2015. 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.