Platts Steel Prices - User Guide

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Reporting market prices is a key aspect of the Platts service.


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How to search for other prices
  • - Price defnition ( type of price, sources, frequency and validity, forecasts, vat )
  • - Product definition ( grades, size, incoterms, currency and weight units )
  • - Application of Platts market prices and Trackers
  • - Feedback, Terms & Conditions and Disclaimer

    User Guide - Analyser, Snapshot, Tabele i Trackers

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    Platts Steel Prices can be viewed and analysed in a number of different sections of the website, as follows:


    Platts Price Analyzer

    This flexible tool is the best way of analysing and comparing any of the price series that Platts provides. Simply choose the series you want to review and then select start and end dates, the currency (historical exchange rates are applied), the units (metric tonnes / short tonnes/ kg / lb) and the frequency of display. This data is available as a table and a graph.

    You can also compare this series with up to 3 others from any product / region that you have access to, either as actual values or as an index. The currency and units of the series chosen for comparison will change automatically to match the initial series so that you are comparing like with like .

    The trend and % change values are a comparison of the latest price with the previous price, to give a quick view of the current market movement.



    Download to spreadsheet

    Subscribers can also download the information into an excel spreadsheet for further analysis as required .



     Platts Price Snapshot

    This is your own table of prices that you can personalise to include any series. This will save you time whenever you want to see the latest prices, as you will not have to search for them.

     SBB Steel Price Snaphot   Personalize your Platts Price Snapshot







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    Price Tables

    These tables are grouped by product as follows: Flat, Long, Semi-finished, Scrap, Stainless and Raw Materials.

    Simply select a product group to see our latest prices. This is an easy way of comparing the same product in different geographical regions. Note the currency, units and delivery terms may be different, but you can standardise if you wish.

    Any prices highlighted in bold have a comment attached to them. To read this simply hold your mouse over the price and it will appear. For more details about each series hold your mouse over the symbol.

    To select a series for further analysis in the Platts Price Analyzer click on the name of the series (blue text in the grey box).

    Beneath each table is a listing of latest market reports for this product group.

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    Platts Price Trackers*

    nb: These were formerly called SBB Steel Price Indexes.  They were changed to prevent confusion with The Steel Index, a separate venture.

    Platts Price Trackers are weighted basket indices of different individual price series. They Track the market, and show the movement of a set group of products in a particular region. Using an index allows a meaningful comparison of regions and generic product groups, particlularly if the constituent price series have different currencies, units and delivery terms.

    All of our Trackers start at January 2000. You can view them in a table all together or analyse them individually by clicking any index name (blue text in grey box above).

    Indexes can be a useful way of assessing broad market sentiment of price movements relative to a particular time. Steel buyers can base their purchasing contracts on an basket index (usually monthly or quarterly), particularly when more than one product is being purchased and one or more of those products are not covered within the Platts prices section.

    The main reason for linking long-term steel purchasing contracts to a current market index is the reduction of risk , for both the buyer and seller. This is increasingly necessary in times of high market uncertainty and volatility, and in the absence of any widely used futures exchange.

    Volatility can also be reduced by linking the contract to a 3 month moving average (or other average value), thereby avoiding sharp price spikes and troughs.

    The choice of which Platts Price Tracker or Index to use depends on whichever best meets your needs for a particular contract. Contracts which include a number of different products in a single region should be linked to one of the weighted average indexes (ie: Platts Europe Flat Products index). This will cut down administration time as only one index is used. Please read the methodology for the product weightings for each index.

    Where the contract is either for a single product, or the weightings (in the weighted average indexes) do not sufficiently reflect the contract's product mix, then the index function within the Platts Price Analyzer should be used. You can choose the start date to be the beginning of the contract date, or another arbitrary date in the past.


    Other useful applications of the Trackers
    Viewing data as an index can give a meaningful comparison and show relative movements of very different products or values. The price analyser can show relative price levels in different regions, or be used to compare input costs (scrap, coke, iron ore, nickel, tin, zinc) with finished steel prices.

    They can also be used to evaluate a steel producer or trading company's performance relative to broad market trends, or show how a steel end user's input costs vary relative to its sales revenue.

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    Users Guide – Other Prices available on Platts

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    As well as the price series that are formally reported and included in the Platts Steel Prices section, we also report other prices from different regions and products.

    These are often not formalised into a price series as the market may not always exist, particularly for some imports and exports. This makes a continuous series impossible.


    How to search for other prices
    If you have not read the reports on your daily Briefing already, or want to dig out some historical information, there are two good ways to find them:


    1. All of the market articles containing prices are located in the relevant product group of the price section, beneath the prices table, as shown.

      Articles are listed in date order, latest first.

    2. Conduct a search in the News Archive i.e.: search words could be ‘iron ore prices’.




    Users Guide – Price Definition

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    The process of obtaining and publishing steel and associated product prices requires large amounts of time, effort and expense and can only be successfully conducted by qualified specialists who have built up a relationship with a particular market.

    Platts is dedicated to the pursuit of market prices, and we are constantly updating and expanding our range of prices covered.


    Type of price

    Platts Evaluated Market Prices
    All prices reported and recorded within the Platts Steel Prices section are our own evaluations of actual transaction prices in a certain market at a particular time. These are generally spot transaction prices, but may also include longer term contracts. Platts prices are commonly accepted as the reference for setting contracts and reporting.  

    Values are price indicators for orders placed during the period, for subsequent delivery. Prices may be nominal where insufficient transactions have occurred.

    Platts ensures consistency in the product specifications being reported on; should any changes occur our readers will be notified. A minimum and maximum price is always given reflecting the range of transaction values at any one time. A minimum and maximum price is always given reflecting the range of transaction values at any one time.


    Mill List Prices 
    Platts also reports price increases announced by mills, and gives a view of the extent to which the market will accept them. Published mill prices are not recorded by Platts in a price series, as they do not necessarily correctly represent actual market levels.


    Steel Futures Prices
    Platts records the daily settlement price for the Dubai Rebar Futures contract. For more details on Steel Futures, click here.

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    Sources & Checks
    All Platts prices are obtained through keeping in close contact with a particular market, predominantly using the telephone but also via interviews, meetings, and conferences.

    The main three types of information sources are producers, traders and steel consumers, however other sources could include industry associations, analysts, consultants and suppliers. A number of market sources are always contacted before any evaluation is made, including each of the three main groups where relevant.

    Care is taken not to rely on the same sources continuously. A policy of rotation is in practice and we are always searching for new sources. Prices are checked for accuracy and consistency with a number of Platts analysts before publication, and comparisons with other markets and products complete the quality control process. We encourage, and receive feedback from readers which also serves to verify the prices retrospectively.

    For more information on Platts Steel Price Methodology & Specifications click here

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    Frequency and Validity
    With the exception of the annual iron ore contracts and LME / Dubi Exchange daily contracts, all prices are recorded on a monthly basis, however updates during a single month can be made if the market is moving quickly. The date that the prices were last updated is stated above each price series.

    Platts pubilshes daily, weekly and monthly assessments.

    All daily/weekly prices are time-stamped. Please refer to the methodology to find out about a particular assessment 

    Platts prices are our best view of a continuously moving market at a given time and therefore their validity as the current market price becomes obsolete as soon as the next transaction occurs in the market.

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    Platts endeavours to give a forecast for the coming month(s) based on our view of the market, however we do not guarantee this and reserve the right to change our forecast at any time. 

    Value added tax (vat) is not included in any published Platts price, with the exception of Chinese Domestic prices where 17% vat is included. No other taxes, rebates or other fees or discounts are included.

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    User Guide – Product Definition

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    Flat Products

    HRC (Hot Rolled Coil)
    Standard commercial grades, >2mm thickness, width >1.1 metres

    CRC (Cold Rolled Coil)
    Standard commercial grades, >1mm thickness, width >1.3 metres

    HDG (Hot Dipped Galv)
    Standard commercial grades and coating weight, >1mm thickness (except Turkey 0.5mm thick), width >1.1 metres

    Plate (Discreet/Quarto/plate-mill plate)
    Standard commercial grades, 15-40mm thickness, width >2050mm, length <12m

    Nb: dimensions are a guide only, and encompass standard commercial sizes



    Long Products

    Medium Sections and Beams
    Standard commercial grades, 203-240 x 203-240mm, H Beam in China, 8-10” wide flange beam in N.America

    Rebar (Reinforcing bar / Debar)
    Standard commercial grades, 16-20mm diameter, 0.75inches N.America

    Wire Rod (mesh quality)
    Standard commercial grades, 8-12mm thickness, 0.3-0.5 inches N.America

    Merchant Bar
    Standard commercial grades, 50x50x6mm equal angle, N.America 2x2x0.25 inches equal angle

    nb: dimensions are a guide only, and encompass standard commercial sizes


    Semi-Finished Products

    Standard commercial grades and sizes

    Standard commercial grades: square, from 100mm to 200mm and up to 12 m long



    Homogenous iron and steel scrap, magnetically separated, originating from unprepared No.1 and No.2 scrap

    HMS 1/2 80:20
    Heavy Melting Steel scrap – 80% No.1, 20% No.2
    HMS No.1 - iron and/or steel scrap >0.25inch (6mm) thickness
    HMS No.2 - iron and/or steel scrap >0.125inch (3mm) thickness
    Prepared in a manner for compact charging.

    OA (Plate & Structural)
    Cut structural and plate arisings predominantly 6 mm thick in sizes not exceeding 1.50 m × 0.60 m × 0.60 m

    #1 Busheling
    Clean steel scrap (not including autobody and fender), not exceeding 12 inches in any dimension.

    #1 Bundles
    New black steel sheet scrap, clippings or skeleton scrap, compressed or hand bundled, to charging box size, and weighing not less than 75 pounds per cubic foot.

    Please visit more information.


    Stainless Steel

    Cold rolled coils, 2mm thickness, 2B surface, 1219mm width

    Cold rolled coils, 2mm thickness, 2B surface, 1240mm width

    Cold rolled coils, 2mm thickness, 2B surface, 1219mm width

    Hot rolled coils, 3mm thickness, No.1 surface, 1535mm width


    304 bright bar 25-80mm diameter, standard lengths


    Coke and Iron Ore

    Iron Ore - annual contract
    BHP Mt.Newman high-grade fines- Japan / W.Australian port FOB $ cent/dltu
    Hamersley Lump - Japan / W.Australian port FOB $ cent/dltu
    CVRD standard sinter feed - Europe / Tubarão FOB $ cent/dmtu
    CVRD blast furnace pellet - Europe / Tubarão FOB $ cent/dmtu

    Iron Ore - spot markets
    Iron ore concentrate 66% Fe wet - Ex-Works (incl. 13% vat) RMB/t
    Indian Iron Ore 63% Fe dry - CFR China $/t

    Coking Coal
    10.5-12.5% ash / China FOB $/t

    Pig Iron
    Basic steelmaking grade

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    Currency and Weight Units
    The currency used for each price series is either $ USD, € Euro, £ GBP, RMB or ¥ Yen depending on what is most commonly used for each product in each region.

    You can change the default currency for any series. Exchange rates are updated daily at midnight GMT and historical values are used when displaying historical steel prices.

    If you compare one series with another (of different currency), the analyser will automatically change the second currency to that of the first series.

    The units of weight used are all metric tonnes except for the N.American prices, which are in short tons (s.tons). 1 metric tonne = 1000kg = 1.1023113 short tons. Iron ore prices are quoted in dmtu or dltu (dry metric tonne units / dry long ton units).

    You can also choose to view any price series in terms of cents/pence per lb/kg if you wish.

    As with the currencies, you can change the weight units of any series as required and if you compare one with another (of different units) the analyser will calculate the second series in the currency and units of the first series.



    Incoterms (terms of delivery)
    Incoterms is an abbreviation of International Commercial Terms and are used to reduce confusion over interpretations of shipping terms, by outlining exactly who is obligated to take control of and/or insure goods at a particular point in the shipping process.

    Of the 13 terms, Platts prices are given as one of the following:

    EXW – Ex Works
    The seller has completed his delivery obligations by placing the goods at the disposal of the buyer at the seller's premises or another named place.

    Nb: European domestic exw prices include transportation costs to a freight basis point.

    FOB – Free on Board
    The seller has delivered the goods when they pass the ship's rail at the named departure port of shipment. The buyer therefore has to bear all transport and insurance costs from that point onward. The seller must clear the goods for export.

    CFR – Cost and Freight
    The seller has delivered the goods when they pass the ship's rail at the named departure port of shipment. The seller must pay for the costs and freight to bring the goods to the named port of destination, but insurance risks and costs are the buyers responsibility once it has passed the ships rail in the departure port. The seller must clear the goods for export. 

    CIF – Cost, Insurance and Freight
    The seller has delivered the goods when they pass the ship's rail at the named departure port of shipment. The seller must pay for the costs and freight to bring the goods to the named port of destination, but insurance risks and costs are the buyers responsibility. The seller also has to procure marine insurance against the buyers risk of loss of or damage to the goods during carriage. The seller must clear the goods for export. 

    The price includes full delivery to the desired customer location

    For a full description of all 13 incoterms visit

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    Application of Platts market prices and Trackers

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    Platts has established a reputation for producing highly accurate global steel price data. The prices are market driven and derived from continuous contact with all major market players. Platts is the world's leading and most respected independent source for price and market information.

    Platts Monthly Market Prices
    Steel buyers purchasing on a spot or regular basis, who are not using long-term contracts, can use Platts monthly prices to give an indication of current and future market levels. In addition to the raw data, buyers can search latest market articles to gain a good understanding of the underlying reasons for price movements, and make informed decisions about future levels.

    Unless otherwise stated, Platts prices are for base commercial grades and standard extras, which may differ from the product being purchased. In this case it is the price trend that is important for the negotiation, rather than the absolute value.

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    We want to know what you think about this guide, our steel prices and Trackers, and our overall service. You can contact us at any time with your views and suggestions, either by email, on the phone or by clicking here and filling out the feedback form.


    Terms & Conditions and Disclaimer
    There aren't any nasties in our terms and conditions, but feel free to read them by clicking here.

    Prices and other information contained in this publication have been obtained by Platts from sources believed to be reliable. Those prices and price indices which are evaluated or calculated by Platts represent an approximate evaluation of current levels based upon dealings (if any) that may have been disclosed prior to publication.

    Efforts are made to ensure that pricing information is representative, but because of the possibility of human or mechanical error by our sources, Platts, or others, Platts does not guarantee the accuracy or completeness of any published information. Platts is not responsible for errors or omissions, or for the results obtained by the use of such information, and disclaims any liability to any person for any loss or damage caused by such errors or omissions, including those resulting from the negligence of Platts, its employees, or representatives.

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