SUBSCRIBER NOTE: Platts to assess Turkish scrap swaps forward curve

S&P Global Platts will 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), starting December 1, 2017. This follows a period of market feedback started October 16, 2017.

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

The curve will 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 next swap month. Please submit any feedback, comments or questions about this proposal to stefan.swanepoel@spglobal.com & pricemethodology@spglobal.com.

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.