21 Nov 2017 | 09:11 UTC — Pittsburgh

SUBSCRIBER NOTE: Platts proposes to launch US pig iron price assessment

After initial industry consultation, S&P Global Platts proposes to launch a weekly assessment of imported US pig iron on February 2, 2018. The price series would value imported basic pig iron on a CIF New Orleans basis using a market-on-close approach. The assessment would reflect pig iron imported into the US with a maximum phosphorus content of 0.1%. Order size reflected would be 30,000-70,000 mt and the delivery window would be 5-10 weeks from the date of publication. The assessment would be published in US dollars/metric ton. The weekly assessment would be made on Fridays or the closest business day in the event of holidays, time stamped at 3:30 pm ET. Please submit any feedback, comments or questions by December 9, 2017, to Nicholas Tolomeo at nicholas.tolomeo@spglobal.com with a cc to pricemethodology@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.