Platts changes specifications for two UK ferrous scrap assessments

S&P Global Platts has changed the quantity, timing and payment terms for two UK domestic ferrous scrap price assessments, effective Nov. 26, 2021, to the following:

The previous methodology specifications for the aforementioned assessments were:

The assessments are published in Platts Steel Business Briefing, Steel Markets Daily, Steel Price Report and in the Platts price database under the codes listed above.

The methodology changes were initially proposed on Sept. 20, 2021 in a subscriber note: https://www.spglobal.com/platts/en/our-methodology/subscriber-notes/092021-platts-proposes-to-discontinue-4a-assessment-and-to-change-uk-ferrous-scrap-specifications

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

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