Platts proposes elimination of high/low price ranges for US Midwest ferrous scrap assessments

Platts, part of S&P Global Commodity Insights, proposes to remove high/low price ranges for several of its US Midwest ferrous scrap price assessments. The ranges would be replaced with a single closing value, effective July 1, 2024.

The following US scrap price assessments would be impacted by the change: No. 1 busheling (SB01001), plate and structural (SB01174), and heavy melting scrap 1/2 (SB01135).

This change would align these assessments with the single closing value already published for US Midwest shredded scrap and US Southeast No. 1 busheling and shredded scrap.

Platts welcomes feedback on the proposed removal of high/low price ranges and publication of a single closing value, as well as all other aspects of its ferrous scrap methodology in the US.

Please submit any feedback, comments, or questions about this proposal to MetalsAmericas@spglobal.com and pricegroup@spglobal.com by April 8, 2024.

For written comments, please provide a clear indication if the 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.