Platts to clarify European ferrosilicon specs

Platts is proposing to clarify the specifications for its price assessment for ferrosilicon Standard 75% Si Europe, and to align the naming convention for the price assessment across Metals Week, Platts Metals Alert and Platts' internal database.

The new specifications reflect what has prevailed in the market and will not result in change to the data history or the consistency of the data going forward. The name as it appears in Metals Week and Platts Metals Alert will change to Ferrosilicon 75% Std DDP NWE.

Assessed grades will be normalized to a specification with Al content of 1.5%, S 0.02% and P 0.04%. The assessment will be for volumes of 200-800 mt, delivered DDP northwest Europe basis for delivery within four weeks, net-30 days payment terms.

Assessment will be in Eur/mt and conducted on Thursday (or closest business day in the case of holidays) through a survey of producers, traders and steel mill buyers.