Metals & Mining Theme, Ferrous, Non-Ferrous

November 06, 2024

Platts proposes to rename Turkish import shortsea ferrous scrap assessment, amend specifications

Platts, part of S&P Global Commodity Insights, is proposing to rename its A3 CFR Turkey scrap assessment to Shortsea HMS 1/2 (80:20) CFR Turkey, effective March 3, 2025.

Platts is also proposing to amend the grades to HMS 1/2 (80:20), basis ISRI 200-206 inclusive, and amend the payment terms to '95% payment after vessel discharge'.

The proposed changes would better reflect the recent shift in Turkish import trade flow to Romanian and Bulgarian shortsea ferrous scrap, away from Russia-origin shortsea material.

The proposed name change and specification changes are summarized as follows:

Current specifications Proposed specifications
Assessment description Platts A3 CFR Turkey Platts Shortsea HMS 1/2 (80:20) CFR Turkey
Symbol FEBSD00, FEBSD03 (MAvg), FEBSD04 (WAvg) FEBSD00, FEBSD03 (MAvg), FEBSD04 (WAvg)
Dimensions GOST A3 2787-75 or equivalent ISRI 200-206 inclusive
Payment Terms At sight 95% payment after vessel discharge

All other specifications of the assessment would remain unchanged.

Full specifications can be found in the Global Steel, Ferrous Scrap, Ferroalloys and Noble Alloys guide, available here.

The assessment is published in SBB Steel Markets Daily, Steel Raw Materials Monthly and in the Platts price database under the symbols listed above.

The daily frequency assessment is published on fixed pages PMA1323 and STL1323. The related monthly average is published on fixed pages PMA1362 and STL1362.

Platts invites feedback on this proposal to EMEAMetalsTeam@spglobal.com and PriceGroup@spglobal.com by Jan. 20.

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.