Platts proposes to revise China HRC assessment specifications

Platts, part of S&P Global Commodity Insights, is proposing to revise the specifications of some of its China HRC assessments, effective Sept. 18.

The proposal aims to better reflect current market conditions and to expand collection points of market data based on recent feedback gathered from the market.

Proposed changes include quality and/or dimensions specifications for HRC Ex-stock Shanghai, HRC FOB China SS400 and HRC FOB China SAE1006.

Platts is additionally proposing to widen the location basis for HRC FOB China SAE1006, from Tianjin ports currently to Tianjin, Jingtang, Caofeidian and Bayuquan ports, reflecting the bulk of SAE1006 data observed from northern China ports.

Details regarding the proposed changes can be found in the table below:

Full details about the methodology specifications of these assessments can be found here(opens in a new tab).

The assessments are published on fixed page PMA/STL1198 and PMA/STL1215 of the real-time Platts Steel Alert and Platts Metals Alert, in SBB Steel Markets Daily, in SBB Daily Briefing, in Steel Price Report daily, on Platts Dimensions Pro, in Platts Market Center and in the Platts price database.

Platts invites feedback and questions to PL_Asia_Steel@spglobal.com and pricegroup@spglobal.com by Aug. 8, 2023.

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.