Platts clarifies India Shredded Scrap CFR Nhava Sheva specifications

Platts, part of S&P Global Commodity Insights, is clarifying the density specification for its weekly Indian import containerized shredded scrap CFR Nhava Sheva assessment, as follows:

The assessment, with symbol code AAXRQ04, reflects import containerized shredded scrap, with an average density of 70 lb per cubic foot.

Platts is updating the ferrous scrap section of its Global Steel, Ferrous Scrap, Ferroalloys and Noble Alloy specifications guide according to the above clarification.

A link to the guide can be found here: https://www.spglobal.com/commodityinsights/PlattsContent/_assets/_files/en/our-methodology/methodology-specifications/steel-ferrous-methodology.pdf

The assessment is published in Steel Business Briefing, Steel Markets Daily, Steel Price Report, via Platts Metals Alert, on Platts Dimensions Pro and in the Platts price database.

Please send questions or comments to EMEAMetalsTeam@spglobal.com and pricegroup@spglobal.com.

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.