Ferrous Metals Market Data
The numbers you need to gauge markets,
ready to seize opportunities as the markets move.
Steel & Raw Materials
Unlock the power of informed decision-making with our comprehensive Ferrous Metals Market Data service. We offer the widest selection of global prices across the entire ferrous supply chain, from raw materials to downstream steel products, all in one accessible platform. Whether you're a buyer, seller, or investor, our extensive data on steel, iron ore, coal, and scrap empowers you to analyze and compare markets effectively.
With over 14 years of daily price assessment history for iron ore and metallurgical coal, 500+ steel and scrap price assessments, and the first-to-launch carbon-accounted steel price premiums, our Platts price benchmarks are designed to enhance your trading and investment strategy.
Our Impact, by the Numbers
14+
Years of daily iron ore and metallurgical coal price assessment history
500+
Steel and scrap price assessments
25
Derivative contracts settle against Platts ferrous benchmarks
1st
To launch carbon-accounted steel price premiums
Product Features
Monitor dynamic commodity markets with extensive price data, so you can confidently negotiate contracts, manage risk, and develop your trade and investment strategies.
Professionals across the industry trust our data every day.
Access Prices for Precise Actions
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Daily Spot & Term Prices
Platts publish daily price assessments that serve as the foundation for your contracts, providing you with the flexibility to capitalize on market fluctuations and negotiate with confidence.
Every day, traders and producers rely on our prices globally to navigate market trends, inform pricing decisions, and mitigate risks in volatile commodity markets.
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Unlock Full Price History
With access to our comprehensive Ferrous Metals Market Data, gain full price history so you can dive into historical price trends, analyze market patterns, and strategize your next moves to stay ahead of the competition.
Our data can be delivered how it best suits your systems, whether it’s via desktop or mobile through Platts Connect(opens in a new tab), cloud services, data feed or API solutions.
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The Markets We Cover
We have extensive global market coverage with more than 750 price assessments across 16 ferrous commodities, including:
- Iron ore
- Steel
- Ferrous scrap metal
- Metallurgical coal
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Robust Methodology
We are widely trusted in the global market for providing independent, unbiased Platts assessment process. We gather data from a diverse range of market participants, applying rigorous quality control measures, and adhering to strict editorial guidelines and IOSCO principles.
Platts publish daily price assessments that serve as the foundation for your contracts, providing you with the flexibility to capitalize on market fluctuations and negotiate with confidence.
Every day, traders and producers rely on our prices globally to navigate market trends, inform pricing decisions, and mitigate risks in volatile commodity markets.
Platts Price Benchmarks & Key Assessments
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Iron Ore & Metallurgical Coal
Key areas for Platts price benchmarks and assessments in the iron ore and metallurgical coal include:
- Unified Platts IODEX and TSI 62% Fe Iron Ore Fines
- SGX Platts Iron Ore CFR China (Lump Premium)
- Unified Platts PLV and TSI Premium Hard Coking Coal
- TSI Premium Coking Coal, FOB Australia
- TSI Premium JM25 Coking Coal
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Steel & Scrap
Key areas for Platts price benchmarks and assessments in the steel and steel scrap coal include:
- Platts Hot Rolled Coil Suite: U.S. Midwest, Northern Europe, ASEAN
- Platts TSI HMS 80/20 Turkish Scrap
- Steel Rebar FOB Turkey
- Steel Scrap CFR India
- U.S. Midwest Shredded Scrap
Key areas for Platts price benchmarks and assessments in the iron ore and metallurgical coal include:
- Unified Platts IODEX and TSI 62% Fe Iron Ore Fines
- SGX Platts Iron Ore CFR China (Lump Premium)
- Unified Platts PLV and TSI Premium Hard Coking Coal
- TSI Premium Coking Coal, FOB Australia
- TSI Premium JM25 Coking Coal
Markets in Focus
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Platts IODEX
Platts Iron Ore Index, or IODEX, is a leading global benchmark for the spot price of physical iron ore. For over 15 years It is used by steelmakers, traders, and mining companies globally to price long-term and spot contracts.
IODEX and accompanying iron ore price assessments have brought increased transparency to an industry which continues to evolve in terms of the pricing methods it employs, most recently manifest in the forms of floating price deals for physical cargoes, hedged using positions in the financial derivatives market.
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Turkish Steel Scrap
Turkey's steel scrap market plays a significant role in global steel trade, including long and flat steel products, being exported worldwide. Across the supply chain the physical spot price is used in futures contracts by commodity exchanges.
Platts TSI Heavy Melting Scrap 1/2 80:20 price assessment reflects the tradeable value of bulk ferrous scrap imports into Turkey from all supply regions. These supply regions are predominantly the US, UK, Benelux and Baltics.
Platts Turkish scrap prices are listed on LME exchange.
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Steel Decarbonization
Through Platts' carbon-accounted steel price assessments, market participants will get daily snapshots of this important emerging market. Such illumination should aid across the value chain, from producers seeking acknowledgement of the advances made in reducing carbon at the steelmaking stage, to end-users demanding material certified by suppliers that it meets certain decarbonization criteria.
Platts Iron Ore Index, or IODEX, is a leading global benchmark for the spot price of physical iron ore. For over 15 years It is used by steelmakers, traders, and mining companies globally to price long-term and spot contracts.
IODEX and accompanying iron ore price assessments have brought increased transparency to an industry which continues to evolve in terms of the pricing methods it employs, most recently manifest in the forms of floating price deals for physical cargoes, hedged using positions in the financial derivatives market.
Why Choose Us?
Unparalleled Experience
For 100+ years, we've delivered Platts price assessments for physical and forward markets. Customers count on us for news, pricing, and analytics, ensuring transparent, efficient markets for confident decisions.
Benchmark Prices
With 250+ Platts benchmarks, we're the industry standard for pricing negotiations and contracts. Our proven credibility in market transparency spans established and emerging markets.
Robust Methodology
Our robust methodology guarantees data integrity with stringent quality controls, diverse sources, and adherence to strict guidelines and IOSCO principles. We openly publish methodologies and price assessments to foster trust.
Data Your Way
Gain access to our essential intelligence direct and from multiple providers – from the established to the cutting edge – all via multiple platforms that can give you a decisive edge in today's global markets.
Pricing Experts
Globally, our extensive pricing experts, dedicated to each commodity ensure that pricing and methodology accuracy and that reflect the nuances and complexities of the markets, offering invaluable insights to clients.
Independent Source
Platts offers an independent and unbiased view. Our commitment to impartiality ensures that our assessments and insights are trusted by market participants.
Data & Distribution
Get the edge in today’s global markets with our Essential Intelligence® delivered through the providers and platforms which suit you.
API Solutions
Cloud
Data Feed
Desktop & Mobile
PLATTS PRICE ASSESSMENTS
Methodology
S&P Global Commodity Insights methodologies bring consistency and robustness to our price assessments through principles and parameters that guide our market specialists at every stage of the process.
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