SUBSCRIBER NOTE: Platts to launch new UK hot rolled coil assessment

Following a period of industry feedback, Platts has made a final decision to launch a new weekly assessment covering the UK hot rolled coil market on December 5. The price assessment for HRC DDP UK would normalize to delivered duty paid West Midlands, and capture prime imported and domestically produced material as well as port stocks. The assessment will normalize to 3mm thick and up to 1.8 meter wide S275 hot rolled coil. Minimum order size would be 100 mt, with a maximum 500 mt, and the delivery window would be two to six weeks from the date of publication. Payment terms would be normalized to net-40 days, with the assessment in GBP/mt. The weekly assessment would be made Friday or the closest business day (in the event of holidays), time stamped to 1630 London time. Any further feedback or questions may be addressed to Peter Brennan, peter.brennan@platts.com; Colin Richardson, colin.richardson@platts.com, with a cc to pricegroup@platts.com