LONDON and NEW YORK and HOUSTON, Dec. 1, 2025 /PRNewswire/ — S&P World Power (previously S&P World Commodity Insights) commemorates the 10-year yearly of its Platts metal scrap and rebar worth benchmarks changing into the agreement reference for 2 of the London Metals Trade (LME) futures words whose reputation exhibit rising call for for chance control answers within the rising recycled metal marketplace. S&P World Power is the main free supplier of data, knowledge, research and benchmark costs for the power, petrochemicals, metals, transport, and commodities markets,
On November 23, 2015, the London Metals Trade introduced metal scrap and metal rebar futures words with agreement towards the Platts benchmark for spot bodily top class metal scrap brought to Turkey on a price and freight (CFR) foundation, referred to as Platts HMS 1/2 80:20 CFR Turkey* benchmark, and the Platts spot bodily metal rebar benchmark, referred to as Platts Metal Rebar free-on-board (FOB) Turkey, respectively.
Platts’ scrap review represents the landed worth of this remarkable feedstock in Turkey’s 3 key melting areas, offering a gauge of melters’ most vital enter price. Platts’ rebar review represents the export worth of some of the key completed metal merchandise.
“Over the 10 years, a rising collection of trade members have worn those metal futures words to assistance govern their chance. We noticed record volumes in 2024 and with extra companies integrating metal futures and chance control into their industry fashions, we think long-term quantity and liquidity expansion to proceed,” stated Robin Martin, Head of Marketplace Building, London Metals Trade (LME).
“It is great to celebrate this milestone for our Platts spot physical steel price assessments as they continue to bring transparency to this growing market,” stated Matt Eversman, Director, World Licensing and Trade Relationships, S&P World Power. “As Platts scrap and rebar benchmarks and related derivatives contracts build on their first decade of success, increased attention on carbon intensity of metals products could be another tailwind for growth.”
One of the most obese image elements, amongst others, that can reinforce the economics of metal merchandise constructed from scrap and may just additional building up marketplace passion within the steel is the Carbon Border Adjustment Mechanism, which can tax imported metal merchandise to Europe in keeping with carbon depth foundation in 2026.
The spot bodily Platts Rebar FOB Turkey worth review was once first introduced June 5, 2006, and the scrap HMS ½ 80:20 CFR Turkey worth review has been revealed via Platts since 2011 following its acquisition of The Metal Index (TSI), the review originator.
Usefulness of Platts worth checks is voluntary, on the discretion of the consumer, and sundry. Along with exchanges international that license Platts knowledge for importance in settling and clearing, consumers and dealers importance Platts checks as the foundation for pricing spot transactions and word words; chance managers reference them to playground a marketplace worth at the commodities they secure; analysts importance them to spot traits and patterns in provide and insist; governments importance them as references for royalty bills and retail pricing formulation; and extra.
Platts does no longer sponsor, endorse, advertise or promote LME words.
* HMS 1/2 80:20 CFR Turkey is metal categorized as bulky melting scrap (HMS), with a mixture of 80% HMS 1 and 20% HMS 2 (a decrease grade) as delivered on a price and freight foundation to ports in Turkey, a key import marketplace.
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About S&P World Power
At S&P World Power, our complete view of worldwide power and commodities markets allows our consumers to assemble splendid choices and form long-term, sustainable worth. Our 4 core features are: Platts for pricing and information; CERA for analysis and advisory; Horizons for power growth and sustainability answers; and Occasions for trade collaboration.
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