Metals & Mining, Ferrous
June 03, 2026
Platts publishes CFR Southeast Asia steel plate assessment
Platts, part of S&P Global Energy, has launched a new weekly CFR Southeast Asia steel plate price assessment, effective June 3, 2026.
The launch follows market feedback and reflects growing steel plate imports in Southeast Asia.
The region imported 2.9 million metric tons of plate in 2025, up from 1.5 million mt in 2021, according to data by S&P Global Market Intelligence's Global Trade Atlas.
Vietnam was the top Southeast Asian importer of plate in 2025, with volumes having risen 118% over the same period to 1.7 million mt, accounting for 60% of the region's imports.
The basis specifications of the assessment are:
| Assessment | Symbol (Monthly average) | Quality | Quantity | Dimensions | Incoterm | Location | Timing | Payment terms | Unit |
| Plate CFR Southeast Asia | PCSAW04 (PCSAM03) | SS400, Q235 or other equivalent grade | 500-3,000 mt | W 1,500-2,000 mm; T 14-40 mm | CFR | Ho Chi Minh City, Vietnam | 8-12 weeks | L/C at sight | $/mt |
Platts also normalizes information on cargoes of other dimensions to the baseline specifications above using price differentials surveyed with the market.
The weekly assessment is time-stamped at 5:30 pm Singapore time every Wednesday, based on trades, bids, offers and other indications of value reported to Platts.
The new assessment complements Platts' existing plate assessments on an FOB China and CFR East Asia basis. Full details of Platts plate assessment specifications can be found here:
Platts initially proposed to launch the assessment April 6 in a subscriber note available here ( https://www.spglobal.com/energy/en/pricing-benchmarks/our-methodology/subscriber-notes/040626-platts-proposes-to-publish-cfr-southeast-asia-steel-plate-assessment ) and communicated its decision to launch in a subscriber note here ( https://www.spglobal.com/energy/en/pricing-benchmarks/our-methodology/subscriber-notes/042726-platts-to-publish-cfr-southeast-asia-steel-plate-assessment ).
The assessment is published in Steel Price Report, and in the Platts price database.
Please send all feedback, comments and questions to pl_asia_steel@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.