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

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

The change 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.

The calculations will be based on Platts China domestic price assessments for rebar in Beijing and Jiangsu and billet in Tangshan, respectively.

The calculations will 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 Analyzer and Platts Market Data Category SQ.

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

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