Register with us today

and in less than 60 seconds continue your access to:Latest news headlinesAnalytical topics and featuresCommodities videos, podcast & blogsSample market prices & dataSpecial reportsSubscriber notes & daily commodity email alerts

Already have an account?

Log in to register

Forgot Password

Please Note: Platts Market Center subscribers can only reset passwords via the Platts Market Center

Enter your Email ID below and we will send you an email with your password.

  • Email Address* Please enter email address.

If you are a premium subscriber, we are unable to send you your password for security reasons. Please contact the Client Services team.

If you are a Platts Market Center subscriber, to reset your password go to the Platts Market Center to reset your password.

Platts to change frequency, shipment dates for CFR Taiwan ferrous scrap

Following industry consultation, S&P Global Platts will increase the frequency of the heavy melting scrap 1/2 (80:20) Containerized CFR Taiwan price assessment (TS01037) to daily, effective December 2.

The assessment is currently published weekly on Fridays.

The proposal responds to a growing market need for reliable price assessments for the raw material in Asia, in light of the region's increasing importance in global scrap and billet trade flows.

At the same time, Platts will change the assessment's timing specification to a shipment date 30-60 days forward from the date of publication, in line with mainstream market practice.

The existing specification is for a loading date 0-30 days forward.

Under the existing methodology, Platts will consider deals, bids and offers for cargoes of other shipment timings and specifications, and normalize them to the standard specifications using differentials based on prevailing market conditions.

Description: HMS 1/2 (80:20) Containerized CFR Taiwan

Daily Code: TS01037

Monthly Average: TSMBK03

The affected price is published in the Steel Markets Daily publication, on the real-time Platts Metals Alert fixed page 1326, in Platts Market Center and in the Platts database. The assessment is accompanied by a weekly commentary published Fridays on PMA fixed page 3951.

Please send all feedback, queries and comments to pl_asia_steel and pricegroup

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.