Energy information provider Platts, a division of the McGraw-Hill Companies, US, has announced that it is expanding its suite of spot price assessments in global metals to include steel exported from China, specifically hot-rolled coil (HRC) and concrete reinforcing bar (rebar).
The new Asia price series is projected to expand Platts' coverage of steel and scrap product prices from 21 to 23, and better equips industry and other metals market observers with a more complete data series for more comprehensive analysis of spot metals prices globally.
Platts Steel Markets Daily is an online and print publication containing news, market commentary and price information aimed at the steel, construction, and auto industries as well as commodities-focused money managers worldwide. The publication is one of five Platts products directed at the broader metals industry.
Platts' price assessment methodology in steel was developed in consultation with a cross section of key industry players and draws upon Platts' century of experience in benchmark price reporting in the energy markets. It has reported on the broader supply and demand fundamentals of the metals markets for 30 years, drawing on the tradition of its parent company, The McGraw-Hill Companies, which has covered the metals market for more than 75 years.
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