Platts to maintain FOB China rebar assessment, discontinue square bar

Following additional industry feedback and changes to market conditions, S&P Global Platts will maintain its FOB China rebar assessment, and discontinue its FOB China square bar assessment, with effect from Jan. 3, 2022.

This note follows and supersedes the decision note published Nov. 8.

The FOB China rebar assessment is published daily under the symbol STCBZ02, and the FOB China square bar assessment is published daily under STSBF00.

In the absence of spot market activity, the FOB China rebar assessment will consider related market information including that on a CFR Singapore and CFR Hong Kong basis.

Platts may also use calculations based on its China domestic rebar price assessments in Beijing and Jiangsu and other factors such as VAT, inland transportation costs, port charges, foreign exchange rates and quality and time spreads.

The FOB China square bar assessment will be discontinued following changes to market conditions, which have led to a decline in export volumes.

The assessments appear in Platts Steel Alert on pages 1215, SBB Daily Briefing, Platts Price Analyzer and Platts Market Data Category SQ.

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