SUBSCRIBER NOTE: Platts to clarify specifications for European ferrovanadium assessment

Platts is updating and clarifying the specification for its weekly European 80% ferrovanadium assessment, and aligning the naming convention for the assessment across Platts Metals Daily, Platts Steel Markets Daily, Platts Metals Week, Platts Metals Alert, and Platts Market Data, effective December 18.

The updated specifications reflect what has prevailed in the market and will not result in changes to the data history or the consistency of the data going forward: Europe Ferrovanadium 80% V: Weekly assessment of the repeatable, tradeable spot physical price for ferrovanadium 78-82% normalized to 80% V contained. Max levels Al 1.5%, Si 1.5%, C 0.25%, P 0.06%, Mn 0.50%,duty-paid, net-cash terms, in-warehouse Rotterdam. Sizing 5-100 mm, 90% passing packed in 250 kg steel drums, 20 mt minimum volume.

Assessment made Thursday or closest business day reflecting the transactable value in a narrow price range, expressed in $/kg, based on a survey of ferrovanadium producers, traders and steel mill consumers. Please address any questions to Jitendra Gill, jitendra.gill@platts.com