Metals & Mining Theme, Ferrous, Non-Ferrous

December 11, 2024

Platts corrects EMEA ferrous monthly USD conversion calculations for Nov 2024, backfills Dec 2024 USD conversion calculations

Platts, part of S&P Global Commodity Insights, has corrected the US dollar conversion calculations for the EMEA ferrous monthly assessments for November 2024.

The corrected USD conversion values for the November 2024 calculations are as follows:

Assessment name Symbol Corrected monthly calculation ($/mt)
Shredded Scrap S Europe Dom Prod Dlvd SB01263 High: 364.73 Low: 359.40 Close: 362.07
Shredded Scrap N Europe Dom Prod Dlvd SBMAR03 High: 359.40 Low: 354.08 Close: 356.74
Plate CIF S Europe Import SBO1182 Close: 606.99
Merchant Bar Europe Dom Prod Dlvd SBO1166 Close: 713.48

Platts has also backfilled missing USD conversion values for December 2024 calculations.

The backfilled December 2024 values are as follows:

Assessment name Symbols Backfilled calculation ($/mt)
Shredded Scrap S Europe Dom Prod Dlvd SB01263 High: 351.98 Low: 346.73 Close: 349.36
Shredded Scrap N Europe Dom Prod Dlvd SBMAR03 High: 341.48 Low: 336.22 Close: 338.85
Plate CIF S Europe Import SBO1182 Close: 609.41
Merchant Bar Europe Dom Prod Dlvd SBO1166 Close: 714.48

No changes have been made to the November and December 2024 underlying assessments in Eur/mt, which are as follows:

Assessment name Symbols
Shredded Scrap S Europe Dom Prod Dlvd SB01229
Shredded Scrap N Europe Dom Prod Dlvd SB01227
Plate CIF S Europe Import SB01182
Merchant Bar Europe Dom Prod Dlvd SB01166

The corrected and backfilled USD conversion calculations appear in the following publications: Global Market Outlook, SBB Steel Markets Daily, Steel Raw Materials Monthly, and in the Platts price database under the symbols listed above.

Please e-mail EMEAMetalsTeam@spglobal.com and pricegroup@spglobal.com for queries.